Financial
Distress signals
Property profile

487-491 Lynnway Lynn, MA 01905

OFF-MARKET
Retail space
Property ID
US38-1098190
4,387 SF 0.23 ac lot Built 1933
Last sale Feb 2023 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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?
$14k
Tax billed · 2024
Assessed value$718k
Assessed land$477k
Assessed improvement$241k
Effective rate2.02%

Value estimate

· Sep 2026
$735k
$662k – $809k
AI approach$670k
Sales comparison$828k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$221/SF
Submarket average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$155 – $301
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
WF1
JurisdictionLYNN

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency70.9
Building Supply46.6
Wholesale Shop33.4

Location

487-491 Lynnway Lynn, MA 01905
County assessor Recorded deeds · 1 transfer 6 qualifying comp sales Zoning catalog

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 · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
620 Boston, Lynn, MA 01905-2033 $730,000 Dec 2024 3,982 SF
613 Summer, Lynn, MA 01905-2011 $720,000 Dec 2023 3,930 SF
17 Avon, Lynn, MA 01905 $425,000 Dec 2022 4,983 SF
451 Lynnway, Lynn, MA 01905-3028 $300,000 Sep 2022 4,954 SF
625 Boston, Lynn, MA 01905-2062 $550,000 Feb 2021 3,559 SF
829th Boston, Lynn, MA 01905-1504 $750,000 Nov 2018 5,585 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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