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Two-Story Office Suite with Parking

90 Stiles Rd #202 Salem, NH 03079

Claim this Listing
New
For Sale
$654,900

Refreshed two-story office suite with multiple private offices, reception areas, kitchen, and on-site parking.

Property size:
3,015 SF
Price / SF:
$217/SF
Added:
Jul 6, 2026
Days on Market:
7
Last Refresh:
Jul 9 at 2:50 am

Property Features for 90 Stiles Rd #202

General Information

Standard status
Active
Size
3,015 SF

Building Details

Year Built
1988

Listing office Royal Realty, Inc.

Listing date Jul 6, 2026

Source Laerrealty

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 Realty, Inc.


Investment Insights

Based on property information with market context.

This well-appointed two-story office suite is recently refreshed and newly painted throughout. The second floor features an impressive reception area, six bright individual offices, and two larger team office or meeting/activity spaces, along with kitchen facilities and two restrooms. The third floor includes two large, flexible private offices with dramatic windows and skylight, plus a third restroom with a shower.

Located at 90 Stiles Rd in Salem, this office suite sits just off Interstate 93 at Exit 2, with a surrounding mix of professional businesses including medical, tech, engineering, and office management.

The suite offers immediate occupancy and multiple occupant and workspace options within a flexible office configuration across both levels.

Key Highlights

  • Two‑story office suite built in 1988, recently refreshed and newly painted throughout
  • 2nd floor: reception area, 6 private offices, plus 2 large team work/meeting or activity spaces
  • 2nd floor includes kitchen facilities and 2 restrooms

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 (±1% cap)
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 (±1% cap)
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

New England Regional ... Loan Service Cross Spaces Coworking & Hybrid Office New England Regional ... Loan Service Financial Aid Services Financial Advisor IT Management Solutions Tech Support Center

Suggested Use

Garden Center Grocery & Convenience Store Parking Lot & Garage Bakery (Bike/Boat/Book/etc) Store Auto Parts Store Locksmith Carpet & Flooring Store (Bike/Boat/Book/etc) Store Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Refreshed two-story office suite with multiple private offices, reception areas, kitchen, and 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: Two‑story office suite built in 1988, recently refreshed and newly painted throughout; 2nd floor: reception area, 6 private offices, plus 2 large team work/meeting or activity spaces; 2nd floor includes kitchen facilities and 2 restrooms
Contact an agent
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