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Property profile & analytics
OFF-MARKET Estimated value $565,000
Retail space

17 Broad St Merrimac, MA 01860-2301

3,164 SF 0.5 ac lot Built 2019
Entity Owned 8-yr Hold Free & Clear
Property ID
US38-0884418
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2019
Construction STEEL FRAME
Total area 3,164 SF
Lot 0.5 ac (21,641 SF)
Zoning code OI
APN MERR M:0016 B:0001 L:007-A
UPID US38-0884418
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
  • beWell Organic Medicine (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$350k
CAP Approach CAP
by Request
Comparable Approach Comparable
$708k
Blend (final) Blend
$565k
Owner & transaction history
Chart Hldgs LLC · 8 yrs held
Chart Hldgs LLC
since 2018
1 recorded transaction
2018
$75,000
Zoning & alternative use
OI · Merrimac, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

11 OFFICE-LIGHT INDUSTRIAL DISTRICT (OI) 11.1 Purposes. The Town shall have an Office-Light Industrial District as shown on the OFFICIAL ZONING MAP. The purposes of the Office-Light Industrial District are to provide areas for a range of employment opportunities, strengthen the tax base of the Town of Merrimac, and encourage high-quality industrial and offic…

Zone name Office And Industrial
General category INDUSTRIAL
Zone area 149.64 ac
Source Merrimac Zoning Bylaw
Top alternative use upside
Office building $815,000 +15.6%
Auto repair, garage $760,000 +7.7%
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