Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    High-Traffic Mixed-Use Building Title is generated by Realmo AI

    149 Merrimack St, Methuen, MA 01844

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $649,500

    Mixed-use building in high-traffic location with rental apartment.

    Type:Commercial
    Added:
    Sep 27, 2025
    Days on Market:
    232
    Last Refresh:
    Mar 29 at 8:10 pm

    Property Features for 149 Merrimack St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Patricia Burke

    Listing agent Patricia Burke

    Listing office Berkshire Hathaway HomeServices Verani Realty

    Listing date Sep 27, 2025

    Source Corcoran

    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 Berkshire Hathaway HomeServices Verani Realty

    HighLights

    • High‑traffic location in sought‑after Methuen, MA.
    • Close proximity to Rt. 495 and Rt. 213 (1 mile).
    • Mixed‑use building with rental apartment providing additional income.
    • Plenty of parking available.
    • Open floor plan and two garage stalls.
    • Large picture windows for display and natural light.

    Overview

    Located in Methuen, Massachusetts, this mixed-use building benefits from a high-traffic location approximately one mile from Route 495 and Route 213. The property features an open floor plan, two garage stalls, and ample parking. Large picture windows provide natural light and display space. A fully permitted rental apartment offers an additional income stream or potential for owner occupancy. This turnkey property presents opportunities for new ventures or portfolio expansion.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1358225
    Latitude
    42.7326875

    Nearby Similar for Sale

    • $285,000

      Professional Office/Medical Condo Shell

      Shell condition condo ideal for customization and various professional uses.
      386 Merrimack Street, Methuen, MA 01844
      View Details
    • $899,000
      2,592 SF

      Turnkey Multi-Family Investment Opportunity

      Updated three-family property in Methuen, generating $80K annually.
      6 Kendall St, Methuen, MA 01844
      View Details
    • $739,000
      2,344 SF

      Well-Maintained Two-Family Home

      Two-family home with renovated unit, spacious porches, and potential.
      3-5 Swan Ave, Methuen, MA 01844
      View Details
    • $864,900
      1,564 SF

      Spacious Multifamily Residence, Methuen

      Multifamily residence offering space, comfort, and investment potential.
      190 East St, Methuen, MA 01844
      View Details
    • $689,400
      1,824 SF

      Methuen Multi-Family Investment Opportunity

      Centrally located, renovated multi-family property in Methuen, Massachusetts.
      82-84 Haverhill Street, Methuen, MA 01844
      View Details
    • $1,700,000
      5,600 SF

      Established Auto Body Repair Shop

      Turnkey auto body repair shop with real estate for sale.
      20 Woodland St, Methuen Town, MA 01844
      View Details
    • $1,700,000
      5,600 SF

      Turnkey Auto Body Repair Shop

      Established auto body shop with real estate for sale.
      20 Woodland St, Methuen, MA 01844
      View Details
    • $285,000
      2,526 SF

      Professional Office/Medical Condo Shell

      Shell condition condo for medical, office, or service-based users.
      386 Merrimack St #2C, Methuen, MA 01844
      View Details
    • $285,000
      2,526 SF

      Shell Condition Professional/Medical Condo

      Shell condition condo ready for customization in a professionally managed building.
      386 Merrimack St 2C, Methuen Town, MA 01844
      View Details
    • $285,000
      2,526 SF

      Professional Office/Medical Condo Shell

      Shell condition condo for customized professional or healthcare use.
      386 Merrimack St #2C, Methuen, MA 01844
      View Details
    • $599,900
      2,523 SF

      Medical Office Condominium For Sale

      Well-designed medical office condominium with functional layout, ideal for healthcare.
      380 Merrimack St #2C, Methuen, MA 01844
      View Details
    • $1,275,000
      4,000 SF

      Established Auto Shop with Parking

      Well-equipped auto shop with real estate and extra parking.
      8 Marshall St, Methuen, MA 01844
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in high-traffic location with rental apartment.
    Where is this mixed-use property located?
    The property is located at 149 Merrimack St Methuen, MA.
    What is the asking price?
    The asking price for this property is $649,500.
    What are key features of this property?
    This property features: High‑traffic location in sought‑after Methuen, MA.; Close proximity to Rt. 495 and Rt. 213 (1 mile).; Mixed‑use building with rental apartment providing additional income.
    (603) 434-2377
    We can help!
    Listing Contact
    Patricia Burke
    Learn More
    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.
    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
    149 Merrimack St, Methuen, MA 01844
    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!