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    103 Stiles Rd Salem, NH 03079

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    For Sale
    Contact for pricing

    10,496 SF Medical Office, 100% Occupancy

    Property size:
    10,496 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional value-add investment opportunity presents a fully occupied, two-story medical office building totaling 10,496 square feet, situated on beautifully landscaped grounds in Salem, New Hampshire's premier professional office park. Built in 1988 and completely renovated in 2012, the property boasts a modern aesthetic, both inside and out, creating a polished business image. The building features four units and offers a Net Net lease structure, generating a strong net operating income (NOI) of $186,000. Currently 100% occupied, 8,428 square feet of premium Class A medical/professional office space will soon become available for lease. This space includes desirable features such as floor-to-ceiling glass conference rooms, a mix of open and private offices, kitchenettes, ample natural light, and high-end common areas. The property's strategic location less than 0.2 miles from Exit 2 off I-93 and just four miles from the Massachusetts border ensures convenient access. Furthermore, the Manchester-Boston Regional Airport is a short 25-minute drive away. The property is zoned CIB. This is a rare opportunity to acquire a high-performing asset in a thriving market.

    Property Features for 103 Stiles Rd

    General Information

    Property type
    Medical offices
    Square Feet
    10,496 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    2
    Units
    4

    HighLights

    • Fully occupied, 10,496 SF two‑story medical office building in Salem, NH's premier office park.
    • Modern aesthetic, completely renovated in 2012. Net Net lease structure with $186,000 NOI.
    • 8,428 SF of Class A medical/professional office space soon available for lease. Features include floor‑to‑ceiling glass conference rooms, private and open offices, and high‑end common areas.
    • Excellent location: <0.2 miles from I‑93 Exit 2, 4 miles from MA border, 25‑minute drive to Manchester‑Boston Regional Airport. CIB zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jessica Beaudoin Marriage Or Relationship Counselor Center For Life Management ... Mental Health Service Boston Retirement Advisors Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.2482933
    Latitude
    42.7674316

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    FAQs

    What type of property is this?
    Medical office - 10,496 SF Medical Office, 100% Occupancy
    Where is this medical office located?
    The property is located at 103 Stiles Rd Salem, NH.
    What are key features of this property?
    This property features: Fully occupied, 10,496 SF two-story medical office building in Salem, NH's premier office park.; Modern aesthetic, completely renovated in 2012. Net Net lease structure with $186,000 NOI.; 8,428 SF of Class A medical/professional office space soon available for lease. Features include floor-to-ceiling glass conference rooms, private and open offices, and high-end common areas.
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    103 Stiles Rd Salem, NH 03079
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    Salem, NH 03079
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    103 Stiles Rd Salem, NH 03079
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