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    130 Merrimack St Haverhill, MA 01830

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    130 Merrimack St Haverhill, MA 01830

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    • Retail properties & Spaces
    • 24,750 SF
    • 0.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 130 Merrimack St

    Year built
    1910
    Lot size
    0.50 lot acres
    Property size
    24,750 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail property, located at 130 Merrimack Street in Haverhill, Massachusetts, offers a unique opportunity for businesses seeking flexible and adaptable space. The building, constructed in 1910 and extensively renovated in 2015, boasts a total of 24,750 square feet across three suites. The property is situated on a 0.5-acre lot, providing ample space and visibility. For businesses requiring smaller footprints, there are divisible units with a minimum of 10,000 square feet available. Larger tenants can occupy up to 16,000 contiguous square feet. The space includes 10,000 square feet of first-floor retail space, complemented by an additional 6,000 square feet of sellable basement area, offering significant potential for storage or expansion. The property's Class C designation reflects its solid construction and functional layout, ideal for a variety of retail uses. Its prime location on Merrimack Street in Haverhill, MA, zip code 01830, ensures high visibility and accessibility for customers. This is a rare opportunity to secure a well-maintained, versatile retail space in a thriving Massachusetts community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Haverhill
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0797
    Latitude
    42.7743

    Comparable in this City

    • Value Estimation
      $2,570,000
      11,788 SF

      259 Main St

      DEPARTMENT STORE • 11,788 SF
      259 Main St, Haverhill, MA 01830-5046
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    • Value Estimation
      $3,395,000
      93,248 SF

      219 Lincoln Ave

      DEPARTMENT STORE • 93,248 SF
      219 Lincoln Ave, Haverhill, MA 01830-6738
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    • Value Estimation by Request
      63,203 SF

      223 Lincoln Ave

      Neighborhood centers • 63,203 SF
      223 Lincoln Ave, Haverhill, MA 01830
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    • Value Estimation
      $2,530,000
      12,929 SF

      211 Lincoln Ave

      DEPARTMENT STORE • 12,929 SF
      211 Lincoln Ave, Haverhill, MA 01830-6738
      View Details
    • Value Estimation
      $1,430,000
      24,174 SF

      153 Merrimack St

      FINANCIAL BUILDING • 24,174 SF
      153 Merrimack St, Haverhill, MA 01830-6107
      View Details
    • Value Estimation
      $1,400,000
      2,455 SF

      215 Water St

      SERVICE STATION (FULL SERVICE) • 2,455 SF
      215 Water St, Haverhill, MA 01830-6439
      View Details

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    Similar Nearby for Lease

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      11,261 SF

      Versatile Space with River Views

      Office, retail, or restaurant space with parking and green space.
      2-20 Merrimack St, Haverhill, MA 01830
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      Prime Haverhill retail space, strong anchors.
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      Retail Space with Selling Basement

      Retail space for rent with additional selling basement.
      130 Merrimack St, Haverhill, MA 01830
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      1,500 SF

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      New retail development with high visibility and ample parking.
      130 Main St, Haverhill, MA 01830
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      2,940 SF

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      Freestanding building with drive-thru on a full acre.
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      Renovated Office Space in Haverhill

      Turnkey office space with historic charm and modern amenities.
      86 Summer St, Haverhill, MA 01830
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    Haverhill, MA 01830
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    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
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    130 Merrimack St, Haverhill, MA, 01830

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