Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    431-433 Chatham 1 Lynn, MA 01902

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,800 /Mo

    Newly renovated commercial space suitable for retail, office, or salon.

    Lot size:
    0.10 Acres

    Property Features for 431-433 Chatham 1

    General Information

    Lot size
    0.10 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Stephen Dixon
    Source: Elliman

    Listing Agent: Stephen Dixon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Commercial Space For Rent

    This newly renovated commercial space is available for rent. The open concept layout is suitable for a small store, office, or salon. The property features central air conditioning and basement storage. There are multiple parking spaces available, with additional parking in front for customers or clients. The owner is open to modifying the space to suit the tenant's needs.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9405
    Latitude
    42.471

    Nearby Similar for Lease

    • $3,000 /Mo

      High-Traffic Lynn Storefront for Lease

      Corner storefront in Lynn, ideal for restaurant or retail.
      250 Union St, Lynn, MA 01901
      View Details
    • $3,000 /Mo

      Downtown Lynn Office/Medical Space

      2,237 SF second-floor unit suitable for office or medical use.
      70-74 Market St, Lynn, MA 01901
      View Details
    • $900 /Mo

      Downtown Lynn Office Space Available

      Professional office suite in downtown Lynn with public transportation access.
      140 Union St, Lynn, MA 01901
      View Details
    • $4 SF/Yr

      Former School with Adaptable Design

      Vast building suitable for educational, recreational, or multi-purpose endeavors.
      589 Boston St, Lynn, MA 01905
      View Details
    • $60 SF/Yr
      4,844 SF

      Prime Lynn Commercial Warehouse

      4,844 SF Warehouse, Excellent Location
      212 Broad St, Lynn, MA 01901
      View Details
    • $2,995 /Mo

      Corner Retail Space in Lynn

      Bright corner retail space with parking at busy intersection.
      184 Lewis St, Lynn, MA 01902
      View Details
    • $22 SF/Yr

      Downtown Lynn Retail Space Available

      Recently built retail space in downtown Lynn, near MBTA.
      38-54 Exchange 1A, Lynn, MA 01901
      View Details
    • Contact for pricing
      548 SF

      New Retail & Restaurant Space

      New construction retail and restaurant spaces available for immediate occupancy.
      75 Baldwin St, Lynn, MA 01902
      View Details
    • Contact for pricing
      10,612 SF

      Retail Space in Lynn, MA

      10,612 SF retail space available in Lynn, MA.
      86-102 Boston St, Lynn, MA 01904
      View Details
    • Contact for pricing
      2,193 SF

      Retail Space on Lynnway

      Retail space with high traffic and convenient parking.
      391-415 Lynnway, Lynn, MA 01901
      View Details
    • $2,500 /Mo

      Lynn Office Space for Rent

      Office space available for non-profit organization in Lynn, MA.
      47 Myrtle St, Lynn, MA 01905
      View Details
    • Contact for pricing

      Visible Storefront on Lynnway

      Storefront with high visibility and direct access to Route 1A.
      395 Lynnway, Lynn, MA 01901
      View Details

    FAQs

    What type of property is this?
    Retail space - Newly renovated commercial space suitable for retail, office, or salon.
    Where is this retail space located?
    The property is located at 431-433 Chatham 1 Lynn, MA.
    What are key features of this property?
    This property features: - Newly Renovated: Brand new unit, ready for immediate occupancy.; - Ample Parking: Multiple dedicated parking spaces plus additional front parking.; - Versatile Space: Open concept suitable for a store, office, or salon.
    (781) 244-2853
    Request Owner's contact information
    431-433 Chatham 1 Lynn, MA 01902
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    431-433 Chatham 1
    Lynn, MA 01902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    431-433 Chatham 1 Lynn, MA 01902
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Stephen Dixon
    Real Estate License ID: 449546542
    (781) 244-2853
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.