Two-Story Office Suite for
For Sale
$654,900
90 Stiles Road, Salem, NH 03079
Refreshed multi-office suite with dedicated reception, offices, and in-suite restrooms, plus on-site parking.
Property Size3,015 SF
Price / SF$217.21
Days on Market207
Property Features for 90 Stiles Road
General Information
Standard status
Active
Size
3,015 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1988
Stories
2
Listing Agency:
Royal Country Homes Inc.
Listed By:
Tina (Maria) Habeeb
(603) 763-4932
Source:
Harborlightrealty
Added: Jan 5
Changed: Jul 10
Last Checked: Jul 30 at 6:16PM
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 Royal Country Homes Inc.
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 features an impressive reception area, six bright individual offices, and two larger team office and meeting or activity spaces. It also includes kitchen facilities and two restrooms. The third floor offers two large, flexible private offices suitable for an owner and/or manager, with dramatic windows and a skylight, plus a third restroom with a shower.
The property is located on Stiles Road in Salem, NH, just off Interstate 93 at Exit 2. The area is home to a variety of professional businesses, including medical, tech, engineering, and office management users. On-site parking is available for occupants.
For buyers seeking an office setup that can support a blend of reception, individual offices, and larger meeting or work areas, this configuration provides multiple work zones on separate floors. With multiple restrooms and a kitchen on the second floor, it is designed for day-to-day tenant or owner use, and the public remarks indicate immediate occupancy.
The property is located on Stiles Road in Salem, NH, just off Interstate 93 at Exit 2. The area is home to a variety of professional businesses, including medical, tech, engineering, and office management users. On-site parking is available for occupants.
For buyers seeking an office setup that can support a blend of reception, individual offices, and larger meeting or work areas, this configuration provides multiple work zones on separate floors. With multiple restrooms and a kitchen on the second floor, it is designed for day-to-day tenant or owner use, and the public remarks indicate immediate occupancy.
Key Highlights
- Well‑appointed two‑story office suite built in 1988 with refreshed interior and newly painted throughout
- Second floor includes an impressive reception area, 6 individual offices, and 2 large team office/meeting or activity spaces
- Second floor also offers kitchen facilities and 2 restrooms
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
665
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Refreshed multi-office suite with dedicated reception, offices, and in-suite restrooms, plus on-site parking.
Where is this office units located?
The property is located at 90 Stiles Road 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: Well‑appointed two‑story office suite built in 1988 with refreshed interior and newly painted throughout; Second floor includes an impressive reception area, 6 individual offices, and 2 large team office/meeting or activity spaces; Second floor also offers kitchen facilities and 2 restrooms
