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Property profile & analytics
OFF-MARKET Estimated value $8,195,000
Manufacturing properties

51 Main St Merrimac, MA 01860-2034

87,720 SF 22.37 ac lot Built 1968
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-2312609
Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1968
Construction STEEL FRAME
Total area 87,720 SF
Lot 22.37 ac (974,437 SF)
Zoning code OI
APN MERR M:0039 B:0001 L:00001
UPID US38-2312609
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
$8.31M
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.81M
Blend (final) Blend
$8.20M
Owner & transaction history
Nsd 2 Real Estate LLC · 4 yrs held
Nsd 2 Real Estate LLC
since 2021
Last sale
$7.3M
7 recorded transactions
2021
$7.3M
2008
$2.3M
2008
Price N/A
2005
$4.0M
2005
Price N/A
1994
Price N/A
1991
Price N/A
Zoning & alternative use
OI · Merrimac, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

11 OFFICE-LIGHT INDUSTRIAL DISTRICT (OI) 11.1 Purposes. The Town shall have an Office-Light Industrial District as shown on the OFFICIAL ZONING MAP. The purposes of the Office-Light Industrial District are to provide areas for a range of employment opportunities, strengthen the tax base of the Town of Merrimac, and encourage high-quality industrial and offic…

Zone name Office And Industrial
General category INDUSTRIAL
Zone area 149.64 ac
Source Merrimac Zoning Bylaw
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