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    Property profile & analytics

    116 Boston St Lynn, MA 01904-2526

    • Turn key restaurants
    • 3,237 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0526160
    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

    • Wendy's / Restaurant / Fast Food Restaurant

    Property Details for 116 Boston St

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    0.69 lot acres
    Property size
    3,237 SF
    Zone code
    HI
    Property type
    Turn key restaurants
    APN
    LYNN M:071 B:254 L:002
    APU
    LYNNM071B254L002

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9576
    Latitude
    42.4747
    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
    $27,396
    $814,500
    $543,100
    $1,357,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $195,000
      1,428 SF

      4 Lynnfield St

      RESTAURANT • 1,428 SF
      4 Lynnfield St, Lynn, MA 01904-2220
      View Details
    • Value Estimation
      $280,000
      1,181 SF

      265 Broadway

      RESTAURANT • 1,181 SF
      265 Broadway, Lynn, MA 01904-1857
      View Details
    • Value Estimation
      $415,000
      2,346 SF

      200 Lynnfield St

      RESTAURANT • 2,346 SF
      200 Lynnfield St, Lynn, MA 01904-1605
      View Details
    • Value Estimation by Request
      2,859 SF

      8 Washington St

      RESTAURANT • 2,859 SF
      8 Washington St, Lynn, MA 01904
      View Details
    • Value Estimation
      $265,000
      2,833 SF

      95 Lynnfield St, Unit 101

      RESTAURANT • 2,833 SF
      95 Lynnfield St, Lynn, MA 01904-2221
      View Details
    • Value Estimation
      $245,000
      2,425 SF

      338 Broadway

      RESTAURANT • 2,425 SF
      338 Broadway, Lynn, MA 01904-2646
      View Details

    Similar Nearby for Sale

    • $899,999

      Updated Two-Family Home in Lynn

      Turn-key, high-income property near transportation and downtown.
      325 Western Ave, Lynn, MA 01904
      View Details
    • $759,000

      Lynn Two-Family in Ward One

      Two-family property with updates in a desirable location.
      246 Euclid Ave, Lynn, MA 01904
      View Details

    Similar Nearby for Lease

    • 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
    • $1,999 /Mo

      Prime Retail/Office Space in Lynn

      Highly visible 600 sq ft commercial space for lease.
      232-234 Lynnfield St, Lynn, MA 01904
      View Details

    Property Visit Statistics

    • Visits by month
      41.0k
    • Visitors by month
      23.5k
    • Avg Time on site
      13 min
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    116 Boston St
    Lynn, MA 01904-2526
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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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