Financial
Distress signals
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). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an end-unit retail/office suite located within Hortons Yard on Merrimac Street in Newburyport, positioned on a high-traffic route toward downtown Newburyport and Plum Island. The suite has a flexible interior layout with hardwood floors and expansive north- and west-facing windows, includes a private restroom, and is fully air-conditioned using a heat pump. The location provides proximity to nearby restaurants and shops and is directly across from the Newburyport parking garage.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

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

· Sep 2026
$1.13M
$1.02M – $1.24M
CAP approach$1.31M
Sales comparison$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 19 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 comparables19

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 19 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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