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Property profile & analytics
OFF-MARKET
Commercial real estate
1147th Western Ave, Lynn, MA 01905-2616
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1020950
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1939
Construction
FRAME
Total area
25,292 SF
Lot
11.12 ac (484,427 SF)
Zoning code
HI
APN
LYNN M:002 B:306 L:001
UPID
US38-1020950
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Merrimack Group North LLC · 4 yrs held
Merrimack Group North LLC
since 2021
Last sale
$250,000
3 recorded transactions
Zoning & alternative use
HI · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lynn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynn submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$34,482
Tax year 2020
Assessed value
$1,716,100
Assessed 2024
Previous assessed
$1,716,100
+0.0% YoY
Effective rate
2.01%
On assessed value
Assessed land
$1,589,300
Assessed improvement
$126,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1939
Construction
FRAME
Heating
ELECTRIC
Buildings
9
Stories
1
Units
16
Bathrooms
1
Total area
25,292 SF
Lot
11.12 ac (484,427 SF)
Zoning code
HI
APN
LYNN M:002 B:306 L:001
UPID
US38-1020950
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HI · Lynn, MA
Zoning HI · permitted uses
HI · Lynn, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynn. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1939
Construction
FRAME
Heating
ELECTRIC
Stories
1
Buildings
9
Units
16
Bathrooms
1
Lot
11.12 ac
Current owner
From public records · entity-resolved
Merrimack Group North LLC
Entity
Free & Clear · 4 yrs held
Mailing address
3 JAMES AVE, MIDDLETON, MA 01949-2148
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2021
$250,000
Merrimack Group North LLC
Sskl RT
Quit Claim Arm's Length For Ne States
—
Apr 1, 2020
$200,000
Merrimack Group N LLC
Sydney T Pike T JR.
Quit Claim Deed
—
Jun 16, 2017
$150,000
Merrimack Group North LLC
Sskl Realty Trust
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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