Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

58 Merrimac St 1-1 Newburyport, MA 01950

FOR LEASE
Other commercial real estate
Property ID
US38-1657047
4,192 SF Built 1988
Last sale Sep 2013 · $1,525,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

An end-unit retail/office storefront comprising 1,240 square feet, constructed in 1988, positioned on Merrimac Street. The interior is configured for flexible use, features north- and west-facing storefront windows for natural light, and includes hardwood flooring. Mechanicals include air conditioning and a heat pump, and the suite has a private restroom. The space includes an open parking area accommodating approximately 24 vehicles with no assigned spaces. The storefront is located along a…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$1.24M
Assessed improvement$1.24M
Effective rate1.00%

Value estimate

· Nov 2026
$1.13M
$1.02M – $1.24M
CAP approach$1.31M
Submarket $/SF estimate$733k
NOI build-up
Gross scheduled income$30k
Vacancy & credit loss−$654
Operating expenses−$9k
NOI · 50,935.00% cap applied$20k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$506/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$213 – $636
Qualifying comparables5

Cap rate analysis

How does the asset earn?
50,935.00%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNEWBURYPORT

Location intelligence

Which uses thrive at this corner?
Best fit: Convenience Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Convenience Store10.9
Auto Parts Store10.0
Daycare Center10.0

Location

58 Merrimac St, Unit 1-1 Newburyport, MA 01950
County assessor Recorded deeds · 1 transfer 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
165 High, Newburyport, MA 01950-3961 $615,000 Apr 2024 1,248 SF
7 Liberty, Newburyport, MA 01950-2714 $720,000 Jan 2024 1,447 SF
255 Low, Newburyport, MA 01950-3594 $5,250,000 Dec 2023 16,302 SF
257 Low St Ste, Newburyport, MA 01950-3545 $1,800,000 Oct 2021 7,740 SF
19-23 Pleasant, Newburyport, MA 01950 $1,500,000 Mar 2021 3,185 SF
19 Market, Newburyport, MA 01950-2570 $675,000 Dec 2020 1,365 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
Why this one?
Saved