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    Property profile & analytics

    1067 Western Ave Lynn, MA 01905-2616

    • Turn key restaurants
    • 640 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US38-0365043
    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

    • Honey Dew Donuts / Bakery / Breakfast Restaurant

    Property Details for 1067 Western Ave

    Year built
    1996
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    640 SF
    Zone code
    HI
    Property type
    Turn key restaurants
    APN
    LYNN M:019 B:306 L:020
    APU
    LYNNM019B306L020

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $455,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $445,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $470,000
      Retail
      $405,000
      Mixed-Use
      $410,000
      Hospitality
      $495,000
      Educational
      $455,000
      Residential Income
      $475,000
      Energy
      $460,000
      Income-Based Land
      $480,000
      Food Service
      $465,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9764
    Latitude
    42.4535
    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
    $9,349
    $269,600
    $193,700
    $463,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $375,000
      2,585 SF

      937 Western Ave

      RESTAURANT • 2,585 SF
      937 Western Ave, Lynn, MA 01905-2640
      View Details
    • Value Estimation
      $335,000
      2,228 SF

      408 Summer St

      RESTAURANT • 2,228 SF
      408 Summer St, Lynn, MA 01905-2828
      View Details
    • Value Estimation by Request
      3,464 SF

      649 Lynnway

      RESTAURANT • 3,464 SF
      649 Lynnway, Lynn, MA 01905-3015
      View Details
    • Value Estimation by Request
      3,360 SF

      577 Walnut St

      RESTAURANT • 3,360 SF
      577 Walnut St, Lynn, MA 01905-1046
      View Details
    • Value Estimation by Request
      2,385 SF

      720 Lynnway

      RESTAURANT • 2,385 SF
      720 Lynnway, Lynn, MA 01905-3026
      View Details
    • Value Estimation by Request
      1,656 SF

      819 Western Ave

      RESTAURANT • 1,656 SF
      819 Western Ave, Lynn, MA 01905-2322
      View Details

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    Similar Nearby for Lease

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      Street-level commercial space in a high-traffic location.
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    • $4 SF/Yr

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      Vast building suitable for educational, recreational, or multi-purpose endeavors.
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      View Details

    Property Visit Statistics

    • Visits by month
      6.9k
    • Visitors by month
      3.8k
    • Avg Time on site
      14 min
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    1067 Western Ave
    Lynn, MA 01905-2616
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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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