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Property profile & analytics
OFF-MARKET Estimated value $550,000
Office buildings

211 Merrimack St Methuen, MA 01844-5615

2,970 SF 0.46 ac lot Built 1989
Individually Owned 25-yr Hold ~ Est. High Equity
Property ID
US38-1332674
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction FRAME
Total area 2,970 SF
Lot 0.46 ac (20,125 SF)
Zoning code BN
APN METH M:01111 B:00110C L:00142A
UPID US38-1332674
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
  • Rite Way Travel Agency Travel Agency
  • Cash N Gold Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
  • Lynx Consulting Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$646k
Blend (final) Blend
$550k
Owner & transaction history
John J Tombarello · 25 yrs held
John J Tombarello
since 2001
1 recorded transaction
2001
$400,000
Zoning & alternative use
BN · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

BN Neighborhood Business District. The Neighborhood Business District is composed of all those areas so designated on the official zoning map. Predominant uses include small retail and service establishments serving the needs of adjacent neighborhoods and oriented to pedestrian traffic. Uses, which would detract from this small-scale business character, or o…

Zone name Neighborhood Business District
General category COMMERCIAL
Zone area 82.99 ac
Source TOWN OF METHUEN, MASSACHUSETTS
Top alternative use upside
Auto repair, garage $710,000 +41.4%
Retail stores $660,000 +31.3%
Commercial (general) $545,000 +8.3%
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