Storefront Unit with Private
For Sale
Contact for pricing
26 Ermer Road, Salem, NH 03079
A separate entry, updated restroom, and rear office or storage area support service, office, or retail occupancy.
Property Size7,038 SF
Price / SF$0.31
Days on Market62
Property Features for 26 Ermer Road
General Information
Standard status
Active
Size
7,038 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Amenities
private entrance
newly remodeled restroom
large front area
back office or storage area
building signage
street sign
Building Details
Year Built
2022
Listing Agency:
BHHS Verani Londonderry
(603) 434-2377
Listed By:
Scott Reiff · License #Scott Reiff
(978) 381-3933
Source:
Longviewcre
Added: Sep 1
Changed: Oct 28
Last Checked: Oct 28 at 4:29PM
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 BHHS Verani Londonderry
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Investment Insights
Based on property information with market context.
This 1,239 SF +/- storefront unit was newly designed and includes a private entrance, a front customer area, and a rear office or storage space. The restroom has been remodeled, and the layout is presented for storefront, service, or office use. The property was built in 2022.
The unit is on Route 111 in Salem, with building and street-sign placement and potential window signage. It is reached from the main route from Exit 3 of I-93, and the property has ample parking. A new intersection at the entrance is also noted as an access feature.
The unit is on Route 111 in Salem, with building and street-sign placement and potential window signage. It is reached from the main route from Exit 3 of I-93, and the property has ample parking. A new intersection at the entrance is also noted as an access feature.
Key Highlights
- 1,239 SF +/- storefront unit
- Private entrance with a front area and rear office or storage space
- Remodeled restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,498
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,989,960
$2.0M
Cap Rate 7%
$1,421,400
$1.4M
Cap Rate 9%
$1,105,533
$1.1M
Market Conditions
NOI Build-Up for 7,038 SF
Gross rent
$152.0K $21.60/SF
− Vacancy
−$9.9K −$1.40/SF
EGI
$142.1K $20.20/SF
− OpEx
−$42.6K −$6.06/SF
NOI
$99.5K $14.14/SF
Area
Rockingham County, NH
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,989,960
Cap Rate 7%
$1,421,400
Cap Rate 9%
$1,105,533
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,498 @ 7.0% cap · market cap 4,524.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $164,020 @ 7.0% cap · market cap 7,458.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 03079, NH
30,095
Population
13,511
Households
2.2
Avg Household Size
46
Median Age
39%
College-Educated
96%
High-School Grad
24.8 sq mi
ZIP Area
1,214
Density / Sq Mi
$101,339
Median Household Income
$59,515
Median Earnings
$1,487
Median Rent
$438,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - A separate entry, updated restroom, and rear office or storage area support service, office, or retail occupancy.
Where is this storefront property located?
The property is located at 26 Ermer Road Salem, NH.
What are key features of this property?
This property features: 1,239 SF +/- storefront unit; Private entrance with a front area and rear office or storage space; Remodeled restroom
