Two-Story Office Suite for
90 Stiles Road Salem, NH 03079
For Sale
$654,900
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 Market203
Property Features for 90 Stiles Road
General Information
Standard status
Active
Size
3,015 SF
Property subtype
Commercial
Building Details
Year Built
1988
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 27 at 12:03AM
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
Location Intelligence
Current Use
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
