Property profile

478 Merrimack St Methuen, MA 01844

OFF-MARKET
Investment properties
Property ID
US38-0427507
9.35 ac lot
Individually Owned 17-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Lot 9.35 ac (407,286 SF)
Zoning code BH
APN METH M:01109 B:00078E L:00005
UPID US38-0427507

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

478 Merrimack St Methuen, MA 01844-5804
Methuen metro Census 252601 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$265k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2009
4 recorded transactions
2009
Price N/A
1997
Price N/A
1995
Price N/A
1991
Price N/A

Zoning & alternative use

BH · Methuen, MA
Zoning description

B. Applicability. An application for a Billboard Special Permit shall be allowed in the BH and IL Zoning districts. C. Applications. Billboards require a special permit, as set forth in this Section XI. The special permi…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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