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    Property profile & analytics

    32-34 Broad St Merrimac, MA 01860

    • Investment properties
    • 0.96 lot acres
    OFF-MARKET
    Value Estimation
    $935,000
    Last Sale
    Dec 08, 2021
    $917,500
    Location Intelligence
    Property ID
    US38-2516723
    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

    • Investment properties

    Property Details for 32-34 Broad St

    Lot size
    0.96 lot acres
    Zone code
    HS
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    MERR M:0013 B:0001 L:00019
    APU
    MERRM0013B0001L00019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $805,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,075,000
      6.5%
      $1,015,000
      7%
      $995,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,030,000
      Geo Method
      $965,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $930,000
      Retail
      $1,180,000
      Mixed-Use
      $960,000
      Hospitality
      $1,105,000
      Educational
      $960,000
      Residential Income
      $960,000
      Energy
      $1,195,000
      Income-Based Land
      $1,130,000
      Food Service
      $1,125,000

    Location Insight

    • Map
    • Local Demand
    City
    Merrimac
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.0007
    Latitude
    42.8324
    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
    $13,337
    $257,100
    $730,800
    $987,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      0.46 Acres

      82 12th E Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.46 Acres
      82 12th E Main St, Merrimac, MA 01860-2031
      View Details
    • Value Estimation
      $445,000
      0.22 Acres

      126 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.22 Acres
      126 Main St, Merrimac, MA 01860-2243
      View Details
    • Value Estimation
      $1,315,000
      4,018 SF

      18 Church St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,018 SF
      18 Church St, Merrimac, MA 01860-1523
      View Details
    • Value Estimation
      $290,000
      1.08 Acres

      130 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1.08 Acres
      130 Main St, Merrimac, MA 01860-1648
      View Details
    • Value Estimation by Request
      1.03 Acres

      71 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1.03 Acres
      71 Main St, Merrimac, MA 01860-2236
      View Details
    • Value Estimation
      $240,000
      5,102 SF

      2 Merrimac Sq

      OFFICE/RESIDENTIAL (MIXED USE) • 5,102 SF
      2 Merrimac Sq, Merrimac, MA 01860
      View Details

    Similar Nearby for Sale

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      Two-family home on nearly an acre with redevelopment potential.
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      View Details
    • Contact for pricing
      2,924 SF

      Merrimac Commercial Building For Sale

      2,924 SF stand-alone building suitable for redevelopment or various business uses.
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    Similar Nearby for Lease

    • $13 SF/Yr
      2,250 SF

      Merrimack Plaza Retail Space

      Prime Merrimack retail space, 2,250 sq ft.
      117 E Main St Merrimac, MA 01860, Merrimac, MA 01860
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    • $18 SF/Yr
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      Well-Maintained Office Building Available

      Office spaces for rent in a well-maintained building.
      89 W Main St, Merrimac, MA 01860
      View Details
    • $4,800 /Mo
      2,924 SF

      Merrimac Commercial Building For Lease

      Stand-alone commercial building in Merrimac, suitable for retail, office, restaurant.
      12 School St, Merrimac, MA 01860
      View Details
    • $1,850 /Mo

      Retail Space in Merrimac History

      Retail space in historic building with high growth potential.
      15 Church St, Merrimac, MA 01860
      View Details
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    Merrimac, MA 01860
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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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