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    Property profile & analytics

    61 Merrimack St Lawrence, MA 01843

    • Super regional malls
    • 19,283 SF
    • 1.89 lot acres
    OFF-MARKET
    Value Estimation
    $2,885,000
    Last Sale
    Dec 29, 2022
    $3,050,000
    Location Intelligence
    Property ID
    US38-0878890
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Super regional malls

    Property Details for 61 Merrimack St

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.89 lot acres
    Property size
    19,283 SF
    Property type
    Super regional malls
    APN
    LAWR M:0103 B:0000 L:0010
    APU
    LAWRM0103B0000L0010

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,745,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,765,000
      6.5%
      $3,230,000
      7%
      $3,085,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,830,000
      Geo Method
      $2,745,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,765,000
      Retail
      $2,600,000
      Mixed-Use
      $3,030,000
      Hospitality
      $2,615,000
      Educational
      $3,540,000
      Residential Income
      $3,000,000
      Energy
      $3,220,000
      Income-Based Land
      $3,315,000
      Food Service
      $2,975,000

    Location Insight

    • Map
    • Local Demand
    City
    Lawrence
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1592
    Latitude
    42.7011
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $31,480
    $397,700
    $1,227,500
    $1,625,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      39,692 SF

      69-71 Winthrop Ave

      REGIONAL SHOPPING CENTER, MALL • 39,692 SF
      69-71 Winthrop Ave, Lawrence, MA 01843
      View Details
    • Value Estimation by Request
      73,556 SF

      73rd Winthrop Ave

      REGIONAL SHOPPING CENTER, MALL • 73,556 SF
      73rd Winthrop Ave, Lawrence, MA 01843-3716
      View Details
    • Value Estimation
      $485,000
      8,050 SF

      8 Broadway

      REGIONAL SHOPPING CENTER, MALL • 8,050 SF
      8 Broadway, Lawrence, MA 01843-1444
      View Details
    • Value Estimation by Request
      64,388 SF

      290 Merrimack St

      REGIONAL SHOPPING CENTER, MALL • 64,388 SF
      290 Merrimack St, Lawrence, MA 01843-1782
      View Details
    • Value Estimation by Request
      1,568 SF

      58-62 Broadway

      RESTAURANT • 1,568 SF
      58-62 Broadway, Lawrence, MA 01843
      View Details
    • Value Estimation by Request
      2,483 SF

      260 Winthrop Ave

      SERVICE STATION (FULL SERVICE) • 2,483 SF
      260 Winthrop Ave, Lawrence, MA 01843
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Endcap Space For Lease

      3,000 SF endcap space available in Lawrence, MA.
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      View Details
    • $2,000 /Mo
      564 SF

      Retail Space with High Traffic

      Retail space suitable for various businesses with high traffic.
      309-311 Merrimack St, Lawrence, MA 01843
      View Details
    • Contact for pricing

      Premier Retail/Dining Space

      High-visibility retail or dining space in a mixed-use district.
      282-290 Merrimack St, Lawrence, MA 01843
      View Details
    • $7,200 /Mo
      4,708 SF

      Retail Space Near Interstate 495

      Retail space with high visibility and easy highway access.
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    • Contact for pricing
      2,946 SF

      Prime Lawrence Retail Space

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    • Contact for pricing
      18,000 SF

      Pavilion Riverwalk Retail/Office Space

      Unique campus setting with retail, office, and recreational amenities.
      282 Merrimack St, Lawrence, MA 01843
      View Details
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    61 Merrimack St
    Lawrence, MA 01843
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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