Medical Office Suites
23 Stiles Rd Salem, NH 03079
For Sale
Contact for pricing
Two professional-medical office suites are offered together with finished interiors, plumbing, exam rooms, and accessible features.
Property Size2,117 SF
Price / SF$252.72
Days on Market38
Property Features for 23 Stiles Rd
General Information
Standard status
Active
Size
2,117 SF
Property subtype
OFFICE
Listing Agency:
Shea Commercial Properties
(603) 490-5859
Listed By:
Harry Shea · License #004782
(603) 490-5859
Source:
Moodyscre
Added: Jun 23
Changed: Jul 28
Last Checked: Jul 29 at 3:52PM
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 Shea Commercial Properties
Investment Insights
Based on property information with market context.
This offering consists of two professional-medical office suites for sale as a single unit, totaling 2,117+/- square feet. The space is presently set up for medical office use, including plumbing and associated fixtures, a finished reception area, and treatment/exam rooms. The suites also include a private bathroom with handicapped access, and handicapped accessible elevators.
The property is located on Stiles Road in Salem Professional Park, in a campus-like setting. Access is described as just minutes from I-93 via Exit-2, turning left onto Pelham Road, making a left turn onto Stiles Road, and continuing to 23 Stiles Road on the left. Municipal water and sewer services are provided, and the property features ample parking and fully landscaped grounds.
The property is located on Stiles Road in Salem Professional Park, in a campus-like setting. Access is described as just minutes from I-93 via Exit-2, turning left onto Pelham Road, making a left turn onto Stiles Road, and continuing to 23 Stiles Road on the left. Municipal water and sewer services are provided, and the property features ample parking and fully landscaped grounds.
Key Highlights
- Two medical‑office suites offered together as one unit: Suite #211 (1,117+/- SF) and Suite #213 (1,060+/- SF)
- Total combined size is 2,117+/- SF, with both suites presently set up as medical offices
- Finished medical‑office interiors include reception area, treatment/exam rooms, and plumbing with associated fixtures
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 | $55.9k | $26.40 |
| − Vacancy | −$7.4k | −$3.51 |
| EGI | $48.5k | $22.89 |
| − OpEx | −$12.1k | −$5.72 |
| NOI | $36.3k | $17.17 |
2,117 SF · lease $26.40/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$519.2K
$454.3K – $605.7K
NOI $36,342 @ 7.0% cap · market cap 6.79%
Second Best
Healthcare Medical
$453.2K
$396.5K – $528.7K
NOI $31,723 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$704.8K
$616.7K – $822.3K
NOI $49,337 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two professional-medical office suites are offered together with finished interiors, plumbing, exam rooms, and accessible features.
Where is this medical office space located?
The property is located at 23 Stiles Rd Salem, NH.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: Two medical‑office suites offered together as one unit: Suite #211 (1,117+/- SF) and Suite #213 (1,060+/- SF); Total combined size is 2,117+/- SF, with both suites presently set up as medical offices; Finished medical‑office interiors include reception area, treatment/exam rooms, and plumbing with associated fixtures
