17 Broad St Merrimac, MA 01860-2301
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beWell Organic Medicine (Bike/Boat/Book/etc) Store
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…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
OI · Merrimac, MA11 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 office developments that make a positive aesthetic and economic contribution to the community while also protecting environmental resources. In the Office-Light Industrial District, no STRUCTURE shall be erected or altered and no building, STRUCTURE, premises or land shall be used for any purpose or in any manner other than as permitted as follows. 11.2 Permitted Uses and Structures. 11.2.12 AGRICULTURE or horticulture, as defined by G.L. 128, Section 1A, on any parcel of more than five acres of land. 11.2.13 Conservation or passive recreation area. 11.3 Permitted Uses and Structures, Subject to Site Plan Approval. 11.3.12 Establishments RESEARCH AND DEVELOPMENT FACILITIES with associated professional offices, administrative and/or clerical offices, in a STRUCTURE of not more than 5,000 square feet of GROSS FLOOR AREA, in the aggregate. 11.3.1.1 Facilities for research and development (R&D) for Renewable Energy, such as sola-photovoltaic and thermal; wind; biomass power conversion or thermal technologies (including R&D of wood pellets); ultra-low emissions high efficiency wood pellet boilers and furnaces; low impact hydro-electric and kinetic; ocean thermal, wave or tidal; geothermal; landfill gas; fuel cells that use renewable energy and advance biofuels. This can also include R&D for Alternative Energy, such as combined heat and power and electric and hydrogen-powered vehicles and associated technologies. Including advanced batteries and recharging stations. [Type here] -75- 11.3.13 MANUFACTURING FACILITIES with associated professional, administrative and/or clerical offices for the following types of industries, in a STRUCTURE of not more than 5,000 square feet of GROSS FLOOR AREA, in the aggregate: 11.3.13.1 Electronic and electrical products. 11.3.13.2 Robotics and precision instruments. 11.3.13.3 Computer related products.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.