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Property profile & analytics
OFF-MARKET Estimated value $915,000
Banks

1 Main St Merrimac, MA 01860-1910

16,419 SF 0.16 ac lot Built 1882
Individually Owned 4-yr Hold Free & Clear
Property ID
US38-0952934
Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1882
Construction FRAME
Total area 16,419 SF
Lot 0.16 ac (7,000 SF)
Zoning code VC
APN MERR M:0003 B:0001 L:00001
UPID US38-0952934
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$915k
Owner & transaction history
Merrimac 1 West Main St · 4 yrs held
Merrimac 1 West Main St
since 2022
Last sale
$800,000
1 recorded transaction
2022
$800,000
Zoning & alternative use
VC · Merrimac, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

8 VILLAGE CENTER DISTRICT (VC) 8.1 Purposes. The Town shall have a Village Center (VC) District as shown on the OFFICIAL ZONING MAP. The purposes of the Village Center District are to preserve and enhance the historic built form of Merrimac Square, develop and sustain a vital local economy, provide goods and services used predominantly by residents of the To…

Zone name Village Center
General category SPECIAL
Zone area 18.13 ac
Source Merrimac Zoning Bylaw
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