Mixed-Use Village Center
22-26 School Street Merrimac, MA 01860
New
22-26 School Street, Merrimac, MA, 01860
$1,925,000
For Sale
$1,925,000
Two-building mixed-use property includes a modern office building and a two-family residence with two income-producing apartments.
Property Size5,362 SF
Lot Size1.16 Acres
Price / SF$359.01
Days on Market5
Property Features for 22-26 School Street
General Information
- Standard status
- Active
- Size
- 5,362 SF
- Lot size
- 1.16 Acres
- Property subtype
- OFC, RES
Building Details
- Year Built
- 1855
Listing agency
KW Commercial Faulkner Commercial Group
(800) 281-1316
Listed by
Janet Faulkner · License #9516868
(800) 281-1316
Source
Realnex
Added: Jul 17 Updated: Jul 19 at 2:28AM Checked: Jul 20 at 1:42AM
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 KW Commercial Faulkner Commercial Group
Investment Insights
Based on property information with market context.
This mixed-use Village Center-zoned property comprises two separate buildings on a single parcel. The first is a 2,800 SF professional office building constructed in 2013 and currently leased to an established dental practice. The second building is a 2,562 SF two-family residence that includes two income-producing apartments.
The property is described as being well located in Merrimac, with convenient access to I-495 and Route 110 and travel connections to Newburyport, Amesbury, Haverhill, and Southern NH.
Financial information is available upon execution of a Confidentiality Agreement, and prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition. The remarks also note that redevelopment possibilities exist.
The property is described as being well located in Merrimac, with convenient access to I-495 and Route 110 and travel connections to Newburyport, Amesbury, Haverhill, and Southern NH.
Financial information is available upon execution of a Confidentiality Agreement, and prospective buyers are encouraged to perform due diligence in all aspects of a contemplated acquisition. The remarks also note that redevelopment possibilities exist.
Key Highlights
- 1.164± acre Village Center‑zoned mixed‑use property with two separate buildings
- 2,800 SF professional office building built in 2013, leased to an established dental practice
- 2,562 SF two‑family residence with two income‑producing apartments
Local 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 | $244.5k | $45.60 |
| − Vacancy | −$45.2k | −$8.44 |
| EGI | $199.3k | $37.16 |
| − OpEx | −$49.8k | −$9.29 |
| NOI | $149.5k | $27.87 |
5,362 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.14M
$1.87M – $2.49M
NOI $149,455 @ 7.0% cap · market cap 7.76%
Second Best
Mixed Use
$1.55M
$1.36M – $1.81M
NOI $108,581 @ 7.0% cap · market cap 5.64%
Theoretical Best
Office A
$3.17M
$2.78M – $3.70M
NOI $222,200 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
FAQs
What type of property is this?
Mixed-use property - Two-building mixed-use property includes a modern office building and a two-family residence with two income-producing apartments.
Where is this mixed-use property located?
The property is located at 22-26 School Street Merrimac, MA.
What is the asking price?
The asking price for this property is $1,925,000.
What are key features of this property?
This property features: 1.164± acre Village Center‑zoned mixed‑use property with two separate buildings; 2,800 SF professional office building built in 2013, leased to an established dental practice; 2,562 SF two‑family residence with two income‑producing apartments
