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Property profile & analytics
OFF-MARKET Estimated value $700,000
Investment properties

57 Main St Merrimac, MA 01860-2213

3,773 SF 0.24 ac lot Built 1988
Individually Owned 2-yr Hold Free & Clear
Property ID
US38-1291122
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1988
Construction FRAME
Total area 3,773 SF
Lot 0.24 ac (10,441 SF)
Zoning code VC
APN MERR M:0003 B:0001 L:00003
UPID US38-1291122
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
$700k
CAP Approach CAP
by Request
Comparable Approach Comparable
$540k
Blend (final) Blend
$700k
Owner & transaction history
Pasquale A Deleo · 2 yrs held
Pasquale A Deleo
since 2024
Last sale
$700,000
4 recorded transactions
2024
$700,000
2014
$452,000
2003
$278,000
1991
$250,000
Zoning & alternative use
VC · Merrimac, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

8 VILLAGE CENTER DISTRICT (VC) 8.1 Purposes. The Town shall have a Village Center (VC) District as shown on the OFFICIAL ZONING MAP. The purposes of the Village Center District are to preserve and enhance the historic built form of Merrimac Square, develop and sustain a vital local economy, provide goods and services used predominantly by residents of the To…

Zone name Village Center
General category SPECIAL
Zone area 18.13 ac
Source Merrimac Zoning Bylaw
Top alternative use upside
Office building $970,000 +29.0%
Auto repair, garage $905,000 +20.2%
Retail stores $840,000 +11.6%
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