Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15 Red Roof Ln Salem, NH 03079-2929
    Back to Search
    Property profile & analytics

    15 Red Roof Ln Salem, NH 03079-2929

    View on Map
    • Commercial real estate
    • 4.51 lot acres
    Off-Market
    Property ID
    US58-0193763
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Red Roof Inn Salem / Hotel & Motel

    Property Details for 15 Red Roof Ln

    Lot size
    4.51 lot acres
    Zone code
    CIB
    Property type
    Commercial real estate
    APN
    SLEM M:88 B:4430 L:
    APU
    SLEMM88B4430L

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.241
    Latitude
    42.7789
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,675
    $991,400
    $2,055,500
    $3,046,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.00 Acres

      36 Pelham Rd

      COMMERCIAL (GENERAL) • 2.00 Acres
      36 Pelham Rd, Salem, NH 03079-2829
      View Details
    • Value Estimation by Request
      4.34 Acres

      48 Stiles Rd, Unit 56

      COMMERCIAL (GENERAL) • 4.34 Acres
      48 Stiles Rd, Salem, NH 03079-3770
      View Details
    • Value Estimation by Request
      12.10 Acres

      203 Broadway

      COMMERCIAL (GENERAL) • 12.10 Acres
      203 Broadway, Salem, NH 03079-3377
      View Details
    • Value Estimation by Request
      14.25 Acres

      92 Hooker Farm Rd

      COMMERCIAL (GENERAL) • 14.25 Acres
      92 Hooker Farm Rd, Salem, NH 03079
      View Details
    • Value Estimation
      $10,830,000
      99,000 SF

      10 Hampshire Rd

      SHOW ROOM, WAREHOUSE • 99,000 SF
      10 Hampshire Rd, Salem, NH 03079-4204
      View Details
    • Value Estimation
      $2,815,000
      14,087 SF

      61 Main St, Unit 67

      COMMERCIAL (GENERAL) • 14,087 SF
      61 Main St, Salem, NH 03079-1924
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,887 SF

      with a longer lease term available. Existing furniture

      fixtures & equipment may be negotiable (a list is forthcoming). Future renovations at the expense of the new tenant and subject to prior approval by the owner\/landlord and Town officials. Uses must be complimentary with existing businesses at Eastpointe Plaza. This information was secured from sources deemed reliable
      130 Main St, Salem, NH 03079
      View Details
    • Contact for pricing
      0.45 Acres

      Salem Office Suite - Main Street

      Move-in ready office suite, prime location.
      289 Main St, Salem, NH 03079
      View Details
    • $2,000,000
      10,496 SF

      Renovated Office Building in Salem

      Two-story office building with modern renovations and high-end finishes.
      103 Stiles Rd, Salem, NH 03079
      View Details
    • Contact for pricing

      Industrial Building with Highway Access

      Industrial building featuring highway access, municipal utilities, and flexible spaces.
      2 Northwestern Dr, Salem, NH 03079
      View Details
    • Contact for pricing

      Fully Leased Salem Retail Center

      100% leased mixed-use retail and office center in Salem, NH.
      401 Main St, Salem, NH 03079
      View Details
    • Contact for pricing
      10,374 SF

      Mixed-Use Commercial Building on Broadway

      10,374 SF mixed-use building on 1.24 acres.
      134 N Broadway, Salem, NH 03079
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,356 SF

      Office Suite For Lease

      1,120 SF office suite with flexible layout.
      289 Main St, Salem, NH 03079
      View Details
    • Contact for pricing
      4,356 SF

      Professional Office Suite For Lease

      1,343 SF office suite suitable for medical or professional use.
      289 Main St, Salem, NH 03079
      View Details
    • Contact for pricing
      650 SF

      Retail-Office Unit For Lease

      850+/- sq. ft. retail-office unit for lease.
      341 S Broadway, Salem, NH 03079
      View Details
    • Contact for pricing
      4,000 SF

      Salem Office Space For Rent

      1,135+/- sq. ft. office space in Salem, NH.
      89-91 Stiles Rd, Salem, NH 03079
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space with Modern Design

      Contemporary retail space with open layout and high visibility.
      240 N Broadway, Salem, NH 03079
      View Details
    • Contact for pricing
      19,602 SF

      Updated Office Suite in Salem

      Move-in ready office suite suitable for various professional uses.
      289 Main St, Salem, NH 03079
      View Details

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      1.4k
    • Avg Time on site
      434 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 Red Roof Ln
    Salem, NH 03079-2929
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15 Red Roof Ln, Salem, NH, 03079
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!