Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Professional Office/Medical Condo Shell Title is generated by Realmo AI

    386 Merrimack St #2C, Methuen, MA 01844

    View on Map
    Claim this Listing
    For Sale
    $285,000

    Shell condition condo for customized professional or healthcare use.

    Type:Commercial
    Property size:
    2,526 SF
    Price / SF:
    $112/SF
    Added:
    Apr 9, 2026
    Days on Market:
    53
    Last Refresh:
    Apr 9 at 8:21 pm

    Property Features for 386 Merrimack St #2C

    General Information

    Standard status
    Active
    Size
    2,526 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    2013

    We can help!

    Listing Contact
    Kristine LaPorte
    Kristine LaPorte

    Listing agent Kristine LaPorte License #069071

    Listing office Keller Williams Realty Metropolitan

    Listing date Apr 9, 2026

    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 Keller Williams Realty Metropolitan

    HighLights

    • Shell condition allows complete customization for owner‑user or investor needs.
    • Priced at $285,000, offering a strong value proposition.
    • Suitable for a wide range of professional and healthcare uses.
    • Over 200 shared on‑site parking spaces available.
    • Well‑maintained, professionally managed building.
    • Convenient location with access to major roadways, retail, and business corridors.

    Overview

    This professional office/medical condo offers approximately 2,526 square feet in shell condition, presenting a customizable space for an owner-user or investor. The unit is located within a well-maintained and professionally managed building, suitable for a variety of professional and healthcare uses. Situated on the second floor, it includes access to common area restrooms. The property provides over 200 shared on-site parking spaces available on a first-come, first-served basis. Municipal water, sewer, and natural gas services are available. This property is suited for medical, wellness, office, or service-based users seeking control over the buildout, design, and functionality of their space. The location offers convenient access to major roadways, retail amenities, and surrounding business corridors.
    Location Intelligence

    Current Use by Public Records

    Maureen Norman, DO Pediatrician Suzanne Saindon Physician Sangita Agarwal Pediatrician Dennis Lawrence Ryan Physician Dr. Risa Schulman Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy 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
    -71.1284516
    Latitude
    42.7479735

    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
    • $745,000
      2,484 SF

      Turnkey Two-Family Home

      Two-family home in convenient location, ideal for owner occupant.
      65-1/2 Oakland Ave, 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
    • $1,700,000
      5,660 SF

      Turnkey Auto Body Facility

      Established auto body business with real estate included near I-93.
      20 Woodland St, Methuen, MA, 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
    • $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
    • $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
    • $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

    FAQs

    What type of property is this?
    Medical Office Space - Shell condition condo for customized professional or healthcare use.
    Where is this medical office space located?
    The property is located at 386 Merrimack St #2C Methuen, MA.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Shell condition allows complete customization for owner‑user or investor needs.; Priced at $285,000, offering a strong value proposition.; Suitable for a wide range of professional and healthcare uses.
    (603) 232-8282
    We can help!
    Listing Contact
    Kristine LaPorte
    Kristine LaPorte
    Real Estate License ID: 069071
    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
    386 Merrimack St #2C, 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!