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    Property profile & analytics

    291 Merrimack St Methuen, MA 01844-6572

    • Super regional malls
    • 3,900 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimation
    $400,000
    Location Intelligence
    Property ID
    US38-1037774
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shear Accuracy / Beauty Salon
    • Kasey's Hair Designs At Shear / Beauty Salon
    • Valley Liquors / Liquor Store
    • LibertyX Bitcoin ATM / Atm

    Property Details for 291 Merrimack St

    Year built
    1965
    Construction
    FRAME
    Lot size
    0.33 lot acres
    Property size
    3,900 SF
    Zone code
    BN
    Property type
    Super regional malls
    APN
    METH M:01111 B:00110A L:00112A
    APU
    METHM01111B00110AL00112A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $515,000
      6.5%
      $505,000
      7%
      $460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $530,000
      Geo Method
      $530,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $470,000
      Retail
      $460,000
      Mixed-Use
      $565,000
      Hospitality
      $500,000
      Educational
      $510,000
      Residential Income
      $455,000
      Energy
      $575,000
      Income-Based Land
      $460,000
      Food Service
      $490,000

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1311
    Latitude
    42.7421
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $10,947
    $172,500
    $348,800
    $521,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      14,732 SF

      246 Broadway

      REGIONAL SHOPPING CENTER, MALL • 14,732 SF
      246 Broadway, Methuen, MA 01844-3044
      View Details
    • Value Estimation by Request
      13,636 SF

      319 Merrimack St

      REGIONAL SHOPPING CENTER, MALL • 13,636 SF
      319 Merrimack St, Methuen, MA 01844-6567
      View Details
    • Value Estimation by Request
      115,790 SF

      72 Pleasant Vly St

      REGIONAL SHOPPING CENTER, MALL • 115,790 SF
      72 Pleasant Vly St, Methuen, MA 01844-7210
      View Details
    • Value Estimation by Request
      96,264 SF

      436 Broadway

      REGIONAL SHOPPING CENTER, MALL • 96,264 SF
      436 Broadway, Methuen, MA 01844-2061
      View Details
    • Value Estimation by Request
      10,308 SF

      301 Merrimack St

      REGIONAL SHOPPING CENTER, MALL • 10,308 SF
      301 Merrimack St, Methuen, MA 01844-6571
      View Details
    • Value Estimation by Request
      3.75 Acres

      Methuen, MA 01844

      REGIONAL SHOPPING CENTER, MALL • 3.75 Acres
      Methuen, MA 01844
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,060 SF

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      Freestanding building with drive-thru on 0.52 acres.
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      Three-unit property with residential and commercial spaces near major routes.
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      Updated two-family home with modern amenities and spacious driveway.
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      9,399 SF

      Methuen Multifamily Investment Opportunity

      12-unit apartment building near I-93 with value-add potential.
      80 Lowell St, Methuen, MA 01844
      View Details
    • Contact for pricing

      15 Acres Limited Industrial Land

      15 acres of industrial land near shopping and highways.
      Old Ferry Rd, Methuen, MA 01844
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    • $869,900

      Renovated Multi-Unit Investment Opportunity

      Fully renovated 3-unit home with modern finishes and strong income potential.
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    Similar Nearby for Lease

    • Contact for pricing
      2,426 SF

      Vibrant Community Shopping Center Space

      Space in a busy shopping center anchored by Market Basket.
      160-186 Haverhill St, Methuen, MA 01844
      View Details
    • Contact for pricing
      3,566 SF

      Regional Shopping Center Retail Space

      Retail spaces available in a high-traffic shopping center.
      90 Pleasant Valley St, Methuen, MA 01844
      View Details
    • Contact for pricing
      1,347 SF

      Merrimack Valley Shopping Center Space

      Vibrant shopping center anchored by Market Basket near I-93.
      152-154 Haverhill St, Methuen, MA 01844
      View Details
    • $20 SF/Yr

      Commercial Office/Retail Condo Available

      Commercial office/retail condo with attractive finishes and basement.
      5 Wallace St, Methuen, MA 01844
      View Details
    • $28 SF/Yr

      New Retail/Office/Medical Space Available

      New single-tenant building suitable for retail, office, or medical use.
      130 Merrimack St, Methuen, MA 01844
      View Details
    • Contact for pricing
      180,000 SF

      Merrimac Plaza: Retail Space Available

      Prime Essex County Shopping Center; High Traffic
      178 Haverhill St, Methuen, MA 01844
      View Details
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    291 Merrimack St
    Methuen, MA 01844-6572
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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