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Property profile & analytics
OFF-MARKET Estimated value $825,000
Investment properties

8 Railroad Ave Merrimac, MA 01860-1522

5,320 SF 1.34 ac lot Built 1872
Individually Owned 31-yr Hold
Property ID
US38-0600948
Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1872
Construction FRAME
Total area 5,320 SF
Lot 1.34 ac (58,501 SF)
Zoning code VR
APN MERR M:0002 B:0001 L:00010
UPID US38-0600948
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$860k
Blend (final) Blend
$825k
Owner & transaction history
Rhoda Rosenberg · 31 yrs held
Rhoda Rosenberg
since 1995
7 recorded transactions
2013
Price N/A
2007
Price N/A
2006
Price N/A
2003
Price N/A
1995
$137,000
1995
$75,000
1992
$150,000
Zoning & alternative use
VR · Merrimac, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ARTICLE 4. VILLAGE RESIDENTIAL DISTRICT (VR) 4.1. Purposes. The Town shall have a Village Residential District as shown on the OFFICIAL ZONING MAP. The purposes of the Village Residential District are to preserve and enhance the established development pattern and traditional neighborhoods near Merrimac Square, to promote a range of housing choices, and to p…

Zone name Village Residential
General category RESIDENTIAL
Zone area 302.50 ac
Source Merrimac Zoning Bylaw
Top alternative use upside
Office building $1.4M +29.0%
Auto repair, garage $1.3M +20.2%
Retail stores $1.2M +11.6%
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