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    Property profile & analytics

    38th Merrimac St Newburyport, MA 01950-2661

    • Turn key restaurants
    • 5,704 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1220201
    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

    • Turn key restaurants

    Property Details for 38th Merrimac St

    Year built
    1978
    Construction
    FRAME
    Lot size
    0.50 lot acres
    Property size
    5,704 SF
    Property type
    Turn key restaurants
    APN
    NEWP M:0048 B:023A L:0000
    APU
    NEWPM0048B023AL0000

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newburyport
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8718
    Latitude
    42.8131
    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
    $17,971
    $1,024,200
    $778,300
    $1,802,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,645 SF

      37 Storey Ave

      RESTAURANT • 4,645 SF
      37 Storey Ave, Newburyport, MA 01950
      View Details
    • Value Estimation
      $390,000
      1,204 SF

      192 Rte 1st 1

      RESTAURANT • 1,204 SF
      192 Rte 1st 1, Newburyport, MA 01950-3975
      View Details
    • Value Estimation
      $415,000
      6,256 SF

      9 Middle St, Unit 15

      RESTAURANT • 6,256 SF
      9 Middle St, Newburyport, MA 01950-2716
      View Details
    • Value Estimation by Request
      5,284 SF

      15 Pleasant St

      RESTAURANT • 5,284 SF
      15 Pleasant St, Newburyport, MA 01950-2608
      View Details
    • Value Estimation
      $395,000
      2,481 SF

      2 Storey Ave

      RESTAURANT • 2,481 SF
      2 Storey Ave, Newburyport, MA 01950-1819
      View Details
    • Value Estimation by Request
      2,996 SF

      27 Storey Ave

      RESTAURANT • 2,996 SF
      27 Storey Ave, Newburyport, MA 01950-1843
      View Details

    Similar Nearby for Sale

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      Newburyport Mixed-Use Building For Sale

      Mixed-use property in Newburyport's thriving economic environment.
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      Downtown Newburyport Office Space

      Office space in a mixed-use building, downtown Newburyport.
      21-23 Middle St, Newburyport, MA 01950
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    • $449,900

      Refurbished Office Space in Newburyport

      Recently refurbished office space in downtown Newburyport with modern amenities.
      21-23 A, Newburyport, MA 01950
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    • New
      $3,600,000
      5,527 SF

      Renovated Multifamily Asset in Newburyport

      Turnkey multifamily property with fifteen renovated units in downtown Newburyport.
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    Similar Nearby for Lease

    • $1,650 /Mo

      Retail/Office Space For Rent

      Retail or office space available in a busy plaza.
      111 Lafayette Rd, Salisbury, MA 01950
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    • $4,000 /Mo

      Restored Greek Revival Commercial Building

      Restored commercial building in downtown Newburyport, suitable for various businesses.
      18 Titcomb St, Newburyport, MA 01950
      View Details
    • Contact for pricing
      50,851 SF

      Newburyport Retail Space For Lease

      Retail spaces available in Newburyport with high traffic and visibility.
      45 Storey Ave, Newburyport, MA 01950
      View Details
    • $2,300 /Mo

      Downtown Newburyport Commercial Unit

      969 sq ft commercial unit in downtown Newburyport.
      8-10 Prince Pl, Newburyport, MA 01950
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    • $18 SF/Yr
      3,042 SF

      Newburyport Industrial Flex Unit

      3,042 SF industrial flex unit for lease in Newburyport.
      65 Parker St, Newburyport, MA 01950
      View Details
    • New
      $3,800 /Mo
      Pending

      Newburyport Office Space For Lease

      Professional office space in Seaport Business Park, Newburyport.
      65 Parker St, Newburyport, MA 01950
      View Details
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    38th Merrimac St
    Newburyport, MA 01950-2661
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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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