Second-Floor Office
204-a-264 N Broadway Salem, NH 03079
204-a-264 N Broadway, Salem, NH, 03079
$224,900
For Sale
$224,900
Sun-filled second-floor office suite with three large private offices, bonus areas, and a private bath.
Property Size1,100 SF
Price / SF$204.45
Days on Market274
Property Features for 204-a-264 N Broadway
General Information
- Standard status
- Active
- Size
- 1,100 SF
Listing agency
Realty One Group Reliant
(603) 490-4743
Listed by
Amie L Ceder-Bracey
(603) 490-4743
Source
Exprealty
Added: Oct 21, 2025 Updated: Jul 21 at 7:09AM Checked: Jul 21 at 7:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty One Group Reliant
Investment Insights
Based on property information with market context.
This second-floor office suite offers a sun-filled, open-concept layout with three large separate offices plus three bonus areas. The unit includes a private bath and has been maintained in great condition, with neutral-colored paint throughout. Central A/C is in place, and the space is described as ready for quick occupancy.
The property is located within Breckenridge Plaza, which is described as a busy, frequently visited shopping destination with multiple uses in the surrounding tenant mix. The suite is specifically cross-listed for lease with a minimum 1-year term noted in the remarks.
With the combination of private offices and additional bonus areas, the space is well suited for an office user that needs both enclosed rooms and flexible ancillary work areas.
The property is located within Breckenridge Plaza, which is described as a busy, frequently visited shopping destination with multiple uses in the surrounding tenant mix. The suite is specifically cross-listed for lease with a minimum 1-year term noted in the remarks.
With the combination of private offices and additional bonus areas, the space is well suited for an office user that needs both enclosed rooms and flexible ancillary work areas.
Key Highlights
- High‑visibility second‑floor office suite in busy Breckenridge Plaza
- Approx. 1,100 SF sun‑filled open‑concept space
- Includes 3 large separate private offices
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.0k | $26.40 |
| − Vacancy | −$3.9k | −$3.51 |
| EGI | $25.2k | $22.89 |
| − OpEx | −$6.3k | −$5.72 |
| NOI | $18.9k | $17.17 |
1,100 SF · lease $26.40/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$269.8K
$236.0K – $314.7K
NOI $18,883 @ 7.0% cap · market cap 8.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.2K
$320.4K – $427.3K
NOI $25,635 @ 7.0% cap · market cap 11.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Sun-filled second-floor office suite with three large private offices, bonus areas, and a private bath.
Where is this office units located?
The property is located at 204-a-264 N Broadway Salem, NH.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: High‑visibility second‑floor office suite in busy Breckenridge Plaza; Approx. 1,100 SF sun‑filled open‑concept space; Includes 3 large separate private offices
