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Property profile & analytics
OFF-MARKET Estimated value $535,000
Investment properties

144 Main St Merrimac, MA 01860-1617

3,068 SF 0.34 ac lot Built 1989
Trust Owned 8-yr Hold Free & Clear
Property ID
US38-0590348
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1989
Construction FRAME
Total area 3,068 SF
Lot 0.34 ac (14,932 SF)
Zoning code RH
APN MERR M:0095 B:0001 L:00441
UPID US38-0590348
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
$575k
Blend (final) Blend
$535k
Owner & transaction history
140-144 E Main St RT Trust · 8 yrs held
140-144 E Main St RT Trust
since 2018
2 recorded transactions
2018
Price N/A
2008
$1
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
Top alternative use upside
Office building $790,000 +29.0%
Auto repair, garage $735,000 +20.2%
Retail stores $680,000 +11.6%
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