Two-Story Office Suite for
For Sale
$654,900
90 Stiles Rd # 202, 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 Market241
Property Features for 90 Stiles Rd # 202
General Information
Standard status
Active
Size
3,015 SF
Property subtype
Commercial
Zoning
CIB
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,839
Building Details
Building Size
3,015 SF
Year Built
1988
Stories
2
Listing Agency:
LPT Realty - Home & Key Group
(833) 668-4649
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jan 6
Changed: Sep 3
Last Checked: Sep 2 at 8:03PM
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 LPT Realty - Home & Key Group
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,757
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,140
$1.0M
Cap Rate 7%
$739,386
$739.4K
Cap Rate 9%
$575,078
$575.1K
Market Conditions
NOI Build-Up for 3,015 SF
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.
Gross rent
$79.6K $26.40/SF
− Vacancy
−$10.6K −$3.51/SF
EGI
$69.0K $22.89/SF
− OpEx
−$17.3K −$5.72/SF
NOI
$51.8K $17.17/SF
Area
Rockingham County, NH
Vacancy
13.30%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,035,140
Cap Rate 7%
$739,386
Cap Rate 9%
$575,078
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
1,298
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Rd # 202 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
