Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Turn key restaurants
40 Merrimac St Newburyport, MA 01950-2533
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0959634
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1850
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,678 SF
Lot
0.32 ac (13,812 SF)
APN
NEWP M:0048 B:0026 L:0000
UPID
US38-0959634
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$752k
Blend (final)
Blend
$660k
Owner & transaction history
Street Ale House Merrimac · 13 yrs held
Street Ale House Merrimac
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Newburyport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newburyport 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
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±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
$62 / 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
$23,479
Tax year 2024
Assessed value
$2,355,000
Assessed 2024
Previous assessed
$2,355,000
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$799,300
Assessed improvement
$1,555,700
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1850
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Bathrooms
2
Total area
10,678 SF
Lot
0.32 ac (13,812 SF)
APN
NEWP M:0048 B:0026 L:0000
UPID
US38-0959634
Jurisdiction
NEWBURYPORT
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1850
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Bathrooms
2
Lot
0.32 ac
Current owner
From public records · entity-resolved
Street Ale House Merrimac
Individual
Mailing address
272 WATER ST, NEWBURYPORT, MA 01950-3240
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 5, 2023
—
Merrimac St Ale House LLC
—
Deed
related
$1,000,000 · Salem Five Cents Savings Bank
Aug 20, 2012
$1,600,000
Street Ale House Merrimac
40 Merrimac Street LLC
Grant Deed
$1,320,000 · Salem Five Cents Savings Bank
Aug 20, 2012
—
Street Ale House Merrimac
—
Deed Of Trust
related
$1,056,000 · Salem Five Cents Savings Bank
Jan 23, 2008
$1
40 Merrimac Street LLC
Evans,arthur R
Grant Deed
—
Jan 29, 2007
$1
40 Merrimac Street LLC
Evans,arthur R
Grant Deed
—
May 14, 2003
—
38 Rear Merrimac
—
Deed Of Trust
related
$3,500,000 · Ned Credit INC
Jul 18, 2001
—
38 Rear Merrimac St. LP
—
Deed Of Trust
related
$825,000 · Sovereign Bank
Nov 22, 2000
—
38 R Merrimack St. LP
—
Deed Of Trust
related
$500,000 · Craig Hudson
Apr 30, 1999
—
38 Rear Merrimac St. LP
—
Deed Of Trust
related
$300,000 · Danvers Savings Bank
Jun 10, 1998
—
38 Rear Merrimac St. LP
—
Deed Of Trust
related
$76,122 · Newburyport Five Cent
Jul 18, 1989
—
Craig C Hudson
—
Deed Of Trust
related
$150,000 · Newburyport Five Cent
Mar 4, 1987
—
Craig C Hudson
—
Deed Of Trust
related
$150,000 · Newburyport Five Cent
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 40 Merrimac St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
