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Property profile & analytics
OFF-MARKET Estimated value $665,000
Retail space

101 Main St Merrimac, MA 01860-1610

5,136 SF 0.78 ac lot Built 1945
Individually Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US38-0847738
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1945
Construction FRAME
Total area 5,136 SF
Lot 0.78 ac (33,999 SF)
Zoning code RH
APN MERR M:0043 B:0001 L:002-D
UPID US38-0847738
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$710k
Blend (final) Blend
$665k
Owner & transaction history
East Main Street RT · 7 yrs held
East Main Street RT
since 2018
4 recorded transactions
2018
Price N/A
2010
Price N/A
2005
Price N/A
2005
Price N/A
Zoning & alternative use
RH · Merrimac, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

9 RURAL HIGHWAY DISTRICT (RH) 9.1 Purposes. The Town shall have a Rural Highway District as shown on the OFFICIAL ZONING MAP. The purposes of the Rural Highway District are to encourage Route 110 to develop in a manner consistent with the visual character of the community, strengthen and stabilize the Town’s tax base, and foster a wide range of commercial us…

Zone name Rural Highway
General category COMMERCIAL
Zone area 266.50 ac
Source Merrimac Zoning Bylaw
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