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Property profile & analytics
OFF-MARKET Estimated value $705,000
Warehouses

27 Main St Merrimac, MA 01860-2020

6,174 SF 0.98 ac lot Built 1900
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US38-0284795
Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1900
Construction STEEL FRAME
Total area 6,174 SF
Lot 0.98 ac (42,689 SF)
Zoning code OI
APN MERR M:0016 B:0002 L:00001
UPID US38-0284795
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
$908k
Blend (final) Blend
$705k
Owner & transaction history
57 RT · 15 yrs held
57 RT
since 2011
7 recorded transactions
2011
Price N/A
2011
$235,000
2011
$1
2011
$175,000
2004
Price N/A
2004
Price N/A
1997
Price N/A
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
Industrial (general) $1.0M +16.4%
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