Second-Floor Office
264 NORTH BROADWAY Rd 204 A Salem, NH 03079
For Sale
$224,900
Sun-filled second-floor office suite with an open layout, three large offices, private bath, and central A/C.
Property Size1,100 SF
Price / SF$204.45
Days on Market9
Property Features for 264 NORTH BROADWAY Rd 204 A
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1988
Listing Agency:
Realty One Group Reliant
(603) 490-4743
Listed By:
Amie L Ceder-Bracey
(603) 490-4743
Source:
Elliman
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 23 at 8:51AM
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 in great condition, with neutral interior finishes. The unit includes three large separate offices, three bonus areas, and a private bath. Central A/C is in place, and the space is ready for quick occupancy.
The suite is located within Breckenridge Plaza, noted for high visibility and frequent visits by established business users such as beauty salons, restaurants, barbers, and real estate.
Approximate size is 1,100 square feet, and the offering is for sale, with a cross listing for lease and a minimum 1-year lease term.
The suite is located within Breckenridge Plaza, noted for high visibility and frequent visits by established business users such as beauty salons, restaurants, barbers, and real estate.
Approximate size is 1,100 square feet, and the offering is for sale, with a cross listing for lease and a minimum 1-year lease term.
Key Highlights
- Second‑floor office suite with sun‑filled open‑concept layout and approx. 1,100 SF
- Includes 3 large separate offices plus 3 bonus areas
- Private bath in the suite
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
FAQs
What type of property is this?
Office units - Sun-filled second-floor office suite with an open layout, three large offices, private bath, and central A/C.
Where is this office units located?
The property is located at 264 NORTH BROADWAY Rd 204 A 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: Second‑floor office suite with sun‑filled open‑concept layout and approx. 1,100 SF; Includes 3 large separate offices plus 3 bonus areas; Private bath in the suite
