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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Office buildings
160 Merrimack St Methuen, MA 01844-6117
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0881364
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1917
Construction
CONCRETE
Total area
10,822 SF
Lot
0.56 ac (24,481 SF)
Zoning code
BL
APN
METH M:01012 B:00108 L:00160
UPID
US38-0881364
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
Current use
Occupant on record · Public records
-
Artistic Hair Hair Salon Nail Salon
-
Sherman Lon G MD Physician
-
Dr. Sudarshan B. Chatterjee, MD Physician
-
Alternative Home Health Care Home Health Care Service
-
Dr. Victor Ruiz, MD Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.08M
Owner & transaction history
Ahhc Realty LLC · 8 yrs held
Ahhc Realty LLC
since 2018
6 recorded transactions
Zoning & alternative use
BL · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
BL Limited Business Districts. The Limited Business District is composed of all those areas so designated on the official zoning map. It is established primarily to accommodate uses such as offices, smaller scale retail and general business, research and development laboratories, and light assembly. Attached Dwellings, Multi-Family Developments and Planned U…
Zone name
Limited Business District
General category
COMMERCIAL
Zone area
156.01 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,770,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,520,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$99 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$22,915
Tax year 2024
Assessed value
$1,091,200
Assessed 2024
Previous assessed
$1,042,300
+4.7% YoY
Effective rate
2.10%
On assessed value
Assessed land
$234,100
Assessed improvement
$857,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1917
Construction
CONCRETE
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
31
Bathrooms
6
Total area
10,822 SF
Lot
0.56 ac (24,481 SF)
Zoning code
BL
APN
METH M:01012 B:00108 L:00160
UPID
US38-0881364
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BL · Methuen, MAZoning BL · permitted uses
BL · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
BL Limited Business Districts. The Limited Business District is composed of all those areas so designated on the official zoning map. It is established primarily to accommodate uses such as offices, smaller scale retail and general business, research and development laboratories, and light assembly. Attached Dwellings, Multi-Family Developments and Planned Unit Developments (PUD’s) are also allowed by a special permit. IL Limited Industrial District. The Limited Industrial District is composed of all those areas designated on the official zoning map. It is intended to accommodate light industrial uses. Residential uses are prohibited, and retail uses are permitted by special permit only. H Hospital District. The intent and purpose of the Hospital District is to allow, by right or by Special Permit, those uses that would serve a hospital. MFOD Multi-family Overlay District. The Multi-family Overlay District (MFOD) is an overlay district which allows multi-family housing as of right in accordance with section 3A o the Zoning Act (Massachusetts General Laws Chapter 40A) and Section V-X of this Zoning Ordinance.
Zone name
Limited Business District
General category
COMMERCIAL
Zone area
156.01 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1917
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
31
Bathrooms
6
Lot
0.56 ac
Current owner
From public records · entity-resolved
Ahhc Realty LLC
Entity
Mailing address
160 MERRIMACK ST, METHUEN, MA 01844-6117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
Ahhc Realty LLC
—
Deed
related
$533,000 · Bay Colony Dev
Jul 31, 2018
$950,000
Ahhc Realty LLC
Shamesh LLC
Quit Claim Arm's Length For Ne States
$647,500 · Enterprise Bank & Trust Co
Mar 9, 2011
$1
Shamesh LLC
Chatterjee,sudarshan
Grant Deed
—
Sep 15, 2005
$525,000
Sudarshan Chatterjee
Misiorski,marcia
Grant Deed
$600,000 · Northmark Bank
Oct 20, 2003
$469,000
Marcia Misiorski
Methuen City Of
Grant Deed
—
—
—
Ahhc Realty LLC
—
Deed Of Trust
related
$533,000 · Bay Colony Dev
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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