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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Retail properties & Spaces
32 Merrill St, Amesbury, MA 01913-3536
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US38-1836128
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1969
Construction
FRAME
Total area
7,330 SF
Lot
4.98 ac (216,929 SF)
Zoning code
C
APN
AMES M:91 B:0014
UPID
US38-1836128
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
-
Martignetti Enterprises, Inc. Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.34M
Blend (final)
Blend
$1.09M
Owner & transaction history
Marignetti Ft Rlty LLC · 22 yrs held
Marignetti Ft Rlty LLC
since 2004
7 recorded transactions
Zoning & alternative use
C · Amesbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+7.7%
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 Amesbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Amesbury 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,630,000
Current use
AUTO REPAIR, GARAGE
$1,755,000
Change: +8% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,460,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$149 / SF
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
Tax billed
$14,878
Tax year 2024
Assessed value
$951,300
Assessed 2024
Previous assessed
$951,300
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$499,100
Assessed improvement
$452,200
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1969
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
2
Rooms
6
Bathrooms
3
Total area
7,330 SF
Lot
4.98 ac (216,929 SF)
Zoning code
C
APN
AMES M:91 B:0014
UPID
US38-1836128
Jurisdiction
AMESBURY
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Amesbury, MA
Zoning C · permitted uses
C · Amesbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Amesbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
2
Rooms
6
Bathrooms
3
Lot
4.98 ac
Current owner
From public records · entity-resolved
Marignetti Ft Rlty LLC
Entity
Mailing address
29 HIGH ST, WOBURN, MA 01801-4209
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2004
$480,000
Marignetti Ft Rlty LLC
Rich,charles R Tr
Grant Deed
$400,000 · Northern Bank & Trust
Dec 20, 2002
—
Merrill St. RT
—
Deed Of Trust
related
$25,000 · Louis M Saab
Sep 4, 2002
—
Merrill Street RT
—
Deed Of Trust
related
$30,000 · Louis M Saab
Jul 24, 2002
—
Merrill Street RT
—
Deed Of Trust
related
$50,000 · Louis M Saab
Mar 15, 2002
—
Charles R Rich
—
Deed Of Trust
related
$135,000 · Louis M Saab
Oct 28, 1999
$325,000
Merrill Street RT
Lefodobe RT 1999
Grant Deed
$292,500 · Zenon Grzybowski
Mar 9, 1994
$308,000
Lefodobe RT 1990
Scranton,michael
Grant Deed
—
Aug 15, 1990
$880,000
Michael K Scranton
Smith,donald S
Grant Deed
$237,000 · Zmc Trust Et Al 2nd
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.
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