You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $585,000
Commercial land

118 Main St Merrimac, MA 01860-1633

10.6 ac lot
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-0967634
Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 10.6 ac (461,736 SF)
Zoning code AR
APN MERR M:0092 B:0001 L:003-A
UPID US38-0967634
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
$625k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$585k
Owner & transaction history
Merrimac Crossing Dev INC · 4 yrs held
Merrimac Crossing Dev INC
since 2021
Last sale
$525,000
7 recorded transactions
2021
$525,000
2017
$400,000
2002
$485,000
2001
Price N/A
1997
$175,000
1997
Price N/A
1993
Price N/A
Zoning & alternative use
AR · Merrimac, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

AGRICULTURAL RESIDENTIAL DISTRICT (AR) by adding a new footnote to Dimensional and Intensity Regulations. 3.4. Municipal Uses. Municipal uses shall be established by a two-thirds vote of Town Meeting in accordance with the General Laws of the Commonwealth of Massachusetts. All buildings or STRUCTURES for an approved municipal use shall meet all applicable di…

Zone name Agricultural Residential
General category RESIDENTIAL
Zone area 4,457.26 ac
Source Merrimac Zoning Bylaw
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 118 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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