Two-Story Office
90 Stiles Rd # 202 Salem Salem, NH 03079
90 Stiles Rd # 202 Salem, Salem, NH, 03079
$654,900
For Sale
$654,900
Refreshed two-story office suite with reception, multiple private offices, kitchen, and three restrooms plus shower.
Property Size3,015 SF
Price / SF$217.21
Days on Market196
Property Features for 90 Stiles Rd # 202 Salem
General Information
- Standard status
- Active
- Size
- 3,015 SF
Building Details
- Year Built
- 1988
Listing agency
(508) 643-8166
Listed by
Sharon Lucido
(508) 643-8166
Source
Bournetosellrealestate
Added: Jan 6 Updated: Jul 10 at 1:48PM Checked: Jul 21 at 3:35AM
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 Sharon Lucido
Investment Insights
Based on property information with market context.
This well-appointed two-story office suite has been recently refreshed and newly painted throughout. The second-floor layout includes an impressive reception area, six bright individual offices, and two larger team office or meeting/activity spaces. It also offers kitchen facilities and two restrooms, supporting both everyday work and client-facing use.
The third floor includes two large, flexible private offices suitable for an owner and/or manager, with dramatic windows and a skylight. A third restroom with a shower adds additional convenience for staff or visiting professionals. On-site parking is available for occupants. The property is located on Stiles Road just off Interstate 93, Exit 2, within an established mix of professional businesses that include medical, tech, engineering, and office management.
The configuration is well suited for professional teams needing dedicated offices plus shared meeting or activity space, along with kitchen and multiple restroom options. With immediate occupancy noted, this suite offers an ownership option for an office organization looking to take control of its workspace while maintaining a functional, multi-level layout.
The third floor includes two large, flexible private offices suitable for an owner and/or manager, with dramatic windows and a skylight. A third restroom with a shower adds additional convenience for staff or visiting professionals. On-site parking is available for occupants. The property is located on Stiles Road just off Interstate 93, Exit 2, within an established mix of professional businesses that include medical, tech, engineering, and office management.
The configuration is well suited for professional teams needing dedicated offices plus shared meeting or activity space, along with kitchen and multiple restroom options. With immediate occupancy noted, this suite offers an ownership option for an office organization looking to take control of its workspace while maintaining a functional, multi-level layout.
Key Highlights
- Two‑story office suite in Salem, NH, built in 1988
- 2nd‑floor layout includes reception, 6 individual offices, and 2 team work/meeting or activity spaces
- Includes kitchen facilities and 2 restrooms on the 2nd floor
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 | $79.6k | $26.40 |
| − Vacancy | −$10.6k | −$3.51 |
| EGI | $69.0k | $22.89 |
| − OpEx | −$17.3k | −$5.72 |
| NOI | $51.8k | $17.17 |
3,015 SF · lease $26.40/SF/yr · vacancy 13.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$739.4K
$647.0K – $862.6K
NOI $51,757 @ 7.0% cap · market cap 7.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$878.3K – $1.17M
NOI $70,264 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Refreshed two-story office suite with reception, multiple private offices, kitchen, and three restrooms plus shower.
Where is this office units located?
The property is located at 90 Stiles Rd # 202 Salem Salem, NH.
What is the asking price?
The asking price for this property is $654,900.
What are key features of this property?
This property features: Two‑story office suite in Salem, NH, built in 1988; 2nd‑floor layout includes reception, 6 individual offices, and 2 team work/meeting or activity spaces; Includes kitchen facilities and 2 restrooms on the 2nd floor
