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Property profile & analytics
OFF-MARKET
Investment properties
230 Merrimack St Methuen, MA 01844-6435
Entity Owned
5-yr Hold
Property ID
US38-0217544
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1950
Construction
FRAME
Total area
2,484 SF
Lot
0.16 ac (6,970 SF)
Zoning code
BN
APN
METH M:01111 B:00108 L:00289
UPID
US38-0217544
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ariel LLC · 5 yrs held
Ariel LLC
since 2021
Last sale
$233,000
7 recorded transactions
Zoning & alternative use
BN · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$464,700
Assessed 2024
Previous assessed
$410,000
+13.3% YoY
Assessed land
$160,700
Assessed improvement
$304,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
2
Rooms
13
Bathrooms
3
Total area
2,484 SF
Lot
0.16 ac (6,970 SF)
Zoning code
BN
APN
METH M:01111 B:00108 L:00289
UPID
US38-0217544
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BN · Methuen, MA
Zoning BN · permitted uses
BN · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Methuen. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
2
Rooms
13
Bathrooms
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Ariel LLC
Entity
Mailing address
151 HAMPSHIRE ST, LAWRENCE, MA 01840-1232
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
—
7-9 Nelson Street LLC
—
Deed
related
$434,000 · Belvidere Capital LLC
May 28, 2021
—
Ariel LLC
Ma 230 RT
Quit Claim Deed
related
$367,500 · Ifp Fund 1 LLC
Nov 27, 2020
—
Ariel LLC
—
Deed
related
$250,000 · Belvidere Cap LLC
Jan 16, 2019
—
Ariel LLC
—
Deed
related
$290,000 · Jct Mtg Fund
Mar 29, 2018
$233,000
Miguel B Aguilo
Us Bank NA
Quit Claim Deed
—
Mar 29, 2018
—
Ma 230 Realty Trust
Aguilo,miguel B
Quit Claim Deed
related
$250,000 · North By Ne Lending
Jan 29, 2018
$305,211
Us Bank NA Tr
Toscano Grace A
Executors Deed
related
—
Jan 22, 2018
—
Marilyn Mccarthy
Us Bank NA
Grant Deed
—
Nov 8, 2013
$305,211
Us Bank NA
Toscano Grace Est
Quit Claim Deed
—
Sep 21, 1987
$6,500
Chapel Rlty & Dev Co
Town Of Methuen
Grant Deed
—
—
—
Ariel LLC
—
Deed Of Trust
related
$290,000 · Jct Mtg Fund
—
—
230 Realty Trust
—
Deed Of Trust
related
$250,000 · North By Ne Lending
—
—
Ariel LLC
—
Deed Of Trust
related
$250,000 · Belvidere Cap LLC
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.
Try Rey
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