Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29 Stiles Rd Ste, Unit 102 Salem, NH 03079-5802

    • Office properties & Spaces
    • 2,927 SF
    • 0.56 lot acres
    OFF-MARKET
    Last Sale
    Dec 19, 2023
    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0335458
    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.

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 29 Stiles Rd Ste

    Year built
    2007
    Lot size
    0.56 lot acres
    Property size
    2,927 SF
    Zone code
    CIB
    Property type
    Office properties & Spaces
    APN
    SLEM M:106 B:11916 L:102
    APU
    SLEMM106B11916L102

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $895,000
      6.5%
      $825,000
      7%
      $765,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $902,000
      Market price range: $343k - $902k
      AI Estimate
      $829,000
      Market price range: $357k - $830k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $530,000
      Current use
      AUTO REPAIR, GARAGE
      $770,000
      Change: +46% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $675,000
      Change: +28% Conversion: Easy
      RETAIL STORES
      $635,000
      Change: +20% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Rockingham
    State
    New Hampshire
    Longitude
    -71.2485
    Latitude
    42.7736
    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
    $11,375
    $0.00
    $670,700
    $670,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,496 SF

      103 Stiles Rd

      Medical Office Space • 10,496 SF
      103 Stiles Rd, Salem, NH 03079
      View Details
    • Value Estimation by Request
      817 SF

      95 Stiles Rd, Unit 105

      CONDOMINIUM OFFICES • 817 SF
      95 Stiles Rd, Salem, NH 03079-4805
      View Details
    • Value Estimation by Request
      819 SF

      32 Stiles Rd, Unit 304

      CONDOMINIUM OFFICES • 819 SF
      32 Stiles Rd, Salem, NH 03079-2892
      View Details
    • Value Estimation by Request
      1,133 SF

      89 Stiles Rd, Unit 402

      CONDOMINIUM OFFICES • 1,133 SF
      89 Stiles Rd, Salem, NH 03079-2846
      View Details
    • Value Estimation by Request
      812 SF

      91 Stiles Rd, Unit 406

      CONDOMINIUM OFFICES • 812 SF
      91 Stiles Rd, Salem, NH 03079-5804
      View Details
    • Value Estimation
      $1,920,000
      4,864 SF

      103 Stiles Rd Ste, Unit 101

      CONDOMINIUM OFFICES • 4,864 SF
      103 Stiles Rd Ste, Salem, NH 03079-4849
      View Details

    Similar Nearby for Sale

    • 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
    • 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
    • $249,900
      961 SF

      Updated Condo Office Suite

      Renovated office suite in prime location near Route 93.
      254 N Broadway Way, Salem, NH 03079
      View Details
    • Contact for pricing
      10,496 SF

      Conveniently Located Office Building

      Office building near I-93 and Manchester-Boston Regional Airport.
      103 Stiles Rd, Salem, NH 03079
      View Details
    • New
      $589,900
      0.22 Acres

      Renovated Commercial Building Near Tuscan Village

      Renovated commercial building near Tuscan Village and Route 93.
      30 Main St, Salem, NH 03079
      View Details
    • Contact for pricing
      4,000 SF

      Office-Warehouse Space For Sale

      Office-warehouse space with loading dock, suitable for various businesses.
      50 Northwestern Dr, Salem, NH 03079
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      24,595 SF

      Functional Office Space on Main

      Professionally designed office space in central Salem location for rent.
      224 Main St, Salem, NH 03079
      View Details
    • Contact for pricing
      11,333 SF

      First-Class Office Space in Salem

      First-class office space with tax credits, near I-93.
      21 Keewaydin Dr, Salem, NH 03079
      View Details
    • $16 SF/Yr
      17,955 SF

      Salem NH Office Sublease

      Office space available for sublease in Salem, New Hampshire.
      6 Manor Pkwy, Salem, NH 03079
      View Details
    • Contact for pricing

      Accessible Office Suite in Salem

      First-floor office suite with high visibility and easy access.
      59 Stiles Rd, Salem, NH 03079
      View Details
    • Contact for pricing
      2,010 SF

      Salem Office Space Available

      Office space available for rent in Salem, New Hampshire.
      23 Stiles Rd, Salem, NH 03079
      View Details
    • Contact for pricing

      Medical Office Space Available

      Medical office space for lease in Salem, New Hampshire.
      31 Stiles Rd, Salem, NH 03079
      View Details
    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.
    29 Stiles Rd Ste, Unit 102
    Salem, NH 03079-5802
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!