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    Property profile & analytics

    322 Merrimack St Methuen, MA 01844-6534

    • Turn key restaurants
    • 3,712 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $1,080,000
    Last Sale
    Apr 24, 2023
    $1,100,000
    Location Intelligence
    Property ID
    US38-1670963
    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

    • Borrelli's Italian Deli / Italian Restaurant / Deli

    Property Details for 322 Merrimack St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    0.52 lot acres
    Property size
    3,712 SF
    Zone code
    BN
    Property type
    Turn key restaurants
    APN
    METH M:01111 B:00108 L:00379
    APU
    METHM01111B00108L00379

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,075,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,130,000
      6.5%
      $1,080,000
      7%
      $1,060,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,030,000
      Geo Method
      $1,275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,190,000
      Retail
      $970,000
      Mixed-Use
      $1,015,000
      Hospitality
      $950,000
      Educational
      $1,145,000
      Residential Income
      $885,000
      Energy
      $955,000
      Income-Based Land
      $1,195,000
      Food Service
      $995,000

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1314
    Latitude
    42.7432
    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
    $15,126
    $305,900
    $414,400
    $720,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,820 SF

      110 Pleasant Vly St

      RESTAURANT • 3,820 SF
      110 Pleasant Vly St, Methuen, MA 01844-7204
      View Details
    • Value Estimation by Request
      2,740 SF

      145 Pelham St

      RESTAURANT • 2,740 SF
      145 Pelham St, Methuen, MA 01844-2060
      View Details
    • Value Estimation by Request
      5,910 SF

      105th Pleasant Vly St

      RESTAURANT • 5,910 SF
      105th Pleasant Vly St, Methuen, MA 01844-7207
      View Details
    • Value Estimation by Request
      9,894 SF

      17 Br St

      RESTAURANT • 9,894 SF
      17 Br St, Methuen, MA 01844-1947
      View Details
    • Value Estimation by Request
      4,839 SF

      450 Broadway

      RESTAURANT • 4,839 SF
      450 Broadway, Methuen, MA 01844
      View Details
    • Value Estimation
      $390,000
      1,900 SF

      510 Lowell St

      RESTAURANT • 1,900 SF
      510 Lowell St, Methuen, MA 01844-2260
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,060 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru on 0.52 acres.
      547 S Broadway, Methuen, MA 01844
      View Details
    • $649,500

      High-Traffic Mixed-Use Building

      Mixed-use building in high-traffic location with parking and rental income.
      149 Merrimack St, Methuen, MA 01844
      View Details
    • $710,000
      6,400 SF

      Methuen Commercial Property on Lowell

      Commercial property on Lowell Street with high visibility and traffic.
      127-129 Lowell St, Methuen, MA 01844
      View Details
    • $775,000

      Mixed-Use Property with Income Potential

      Three-unit property with residential and commercial spaces near major routes.
      67-69 Broadway, Methuen, MA 01844
      View Details
    • Contact for pricing
      2.00 Acres

      Prime Methuen Commercial Land

      2 Acres, I-93 Access, High Traffic
      248 Haverhill St, Methuen, MA 01844
      View Details
    • $599,900

      Two-Family Home with Large Backyard

      Two-family home in a desirable neighborhood with a two-car garage.
      100-102 Phillips St, Methuen, MA 01844
      View Details

    Similar Nearby for Lease

    • $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
    • 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
    • $950 /Mo
      625 SF

      Methuen Office/Retail Space Available

      Office or retail space for lease in Methuen, Massachusetts.
      240 Pleasant 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
    • 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
    • Contact for pricing
      92,646 SF

      Methuen Retail Space Available

      Prime Methuen storefront, 2,200 sq ft
      436 Broadway, Methuen, MA 01844
      View Details
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    322 Merrimack St
    Methuen, MA 01844-6534
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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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