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Property profile & analytics
OFF-MARKET
Estimated value
$2,030,000
Investment properties
116 Central Ave 124A, Lynn, MA 01901-1013
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0470968
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
FRAME
Total area
13,736 SF
Lot
0.09 ac (4,109 SF)
Zoning code
CBD
APN
LYNN M:068 B:635 L:002
UPID
US38-0470968
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
Current use
Occupant on record · Public records
-
Taquería Montecristo Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.03M
Owner & transaction history
K & K Ret LLC · 1 yrs held
K & K Ret LLC
since 2024
7 recorded transactions
Zoning & alternative use
CBD · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.0M
+56.4%
Office building
$2.9M
+47.5%
Industrial (general)
$2.3M
+15.7%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,945,000
Current use
RETAIL STORES
$3,040,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$2,865,000
Change: +47% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,250,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,930,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.03M
Range $1.83M – $2.23M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$148 / SF
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 2024Property tax & assessments
Tax year 2024
Assessed value
$3,952,300
Assessed 2024
Previous assessed
$3,952,300
+0.0% YoY
Assessed land
$1,804,000
Assessed improvement
$2,148,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
4
Units
18
Rooms
54
Bathrooms
21
Total area
13,736 SF
Lot
0.09 ac (4,109 SF)
Zoning code
CBD
APN
LYNN M:068 B:635 L:002
UPID
US38-0470968
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Lynn, MA
Zoning CBD · permitted uses
CBD · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
RETAIL STORES
Est. value
$3.0M
OFFICE BUILDING
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
WAREHOUSE, STORAGE
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
FRAME
Heating
HOT WATER
Stories
4
Buildings
1
Units
18
Rooms
54
Bathrooms
21
Lot
0.09 ac
Current owner
From public records · entity-resolved
K & K Ret LLC
Entity
Mailing address
187 GRN ST, JAMAICA PLAIN, MA 02130-2653
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2024
—
K & K Ret LLC
K & K RT
Quit Claim Deed
related
—
Dec 20, 2017
$2,316,681
K & K Realty Trust
Central Square Realty LLC
Quit Claim Deed
—
Apr 21, 2004
—
Central Square Realty LLC
—
Deed Of Trust
related
$787,500 · Washington Mutual Bank
Jul 12, 2002
—
Central Squre Rlty LLC
—
Deed Of Trust
related
$750,000 · Danvers Savings Bank
Mar 23, 2000
$460,000
Central Square Rlty Lc
Glades Rlty Corp
Grant Deed
$345,000 · Revere Fsla
May 10, 1993
$80,000
Stewart Realty Corp
116-124 Central Ave RT
Grant Deed
$20,000 · Zenon Grzybowski
Sep 22, 1989
—
A Central Ave 116-124
—
Deed Of Trust
related
$97,500 · Zwi Kohorn
Aug 11, 1989
$775,000
116-124 Central Ave Tr
Appleyard,william
Grant Deed
—
Aug 11, 1989
—
Central Ave R 116-124a
—
Deed Of Trust
related
$97,500 · Zmc Trust Et Al 2nd
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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