Multi-Unit Flex/Industrial
548 Merrimack Ave Dracut, MA 01826
For Sale
$1,250,000
Three-unit building zoned B-3 with rear overhead doors, rooftop HVAC, and exterior storage along a highly traveled Route 110 corridor.
Property Size4,500 SF
Price / SF$277.78
Days on Market28
Property Features for 548 Merrimack Ave
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1984
Listing Agency:
Roy Associates LLC
(978) 815-6785
Listed By:
Robert Roy · License #452508574
(978) 815-6785
Source:
Iverty
Added: Jun 29
Changed: Jul 25
Last Checked: Jul 26 at 2:53PM
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 Roy Associates LLC
Investment Insights
Based on property information with market context.
This three-unit commercial building is zoned B-3 and configured for flexible industrial and trade-style use. Each unit includes rear overhead doors for direct access, along with a front office entry area from the street. The building has three-phase 400-amp electric service, two gas-fired rooftop HVAC units, and an interior wall-mounted gas-fired heater in the trade shop unit. Additional on-site storage is provided by three exterior storage units.
The property is located on Route 110 with 120 feet of road frontage, supporting visibility from a highly traveled roadway. The building also features a large business sign intended for separate exposure across the three spaces.
Please note that current occupants are tenants at will, and buyers (and their agents) should conduct due diligence if their intended use differs from the property’s current use.
The property is located on Route 110 with 120 feet of road frontage, supporting visibility from a highly traveled roadway. The building also features a large business sign intended for separate exposure across the three spaces.
Please note that current occupants are tenants at will, and buyers (and their agents) should conduct due diligence if their intended use differs from the property’s current use.
Key Highlights
- Three‑unit commercial building zoned B‑3 on Route 110 with 120 ft of road frontage
- Each unit has rear overhead doors for direct access
- Two gas‑fired rooftop HVAC units plus one interior wall‑mounted gas‑fired heater in the trade shop unit
Financial Insights For Warehouse
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 | $72.4k | $16.08 |
| − Vacancy | −$4.0k | −$0.88 |
| EGI | $68.4k | $15.20 |
| − OpEx | −$10.3k | −$2.28 |
| NOI | $58.1k | $12.92 |
4,500 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$830.3K
$726.5K – $968.7K
NOI $58,123 @ 7.0% cap · market cap 4.65%
Second Best
Industrial
$683.8K
$598.3K – $797.8K
NOI $47,866 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,479 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Roy Fence
General Contractor
FAQs
What type of property is this?
Flex space - Three-unit building zoned B-3 with rear overhead doors, rooftop HVAC, and exterior storage along a highly traveled Route 110 corridor.
Where is this flex space located?
The property is located at 548 Merrimack Ave Dracut, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑unit commercial building zoned B‑3 on Route 110 with 120 ft of road frontage; Each unit has rear overhead doors for direct access; Two gas‑fired rooftop HVAC units plus one interior wall‑mounted gas‑fired heater in the trade shop unit
