Property profile

123 Commercial St 131 Lynn, MA 01905

OFF-MARKET
Office buildings
Property ID
US38-1597424
6,950 SF 0.34 ac lot Built 2005
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2005
Construction CONCRETE
Total area 6,950 SF
Lot 0.34 ac (14,834 SF)
Zoning code BD
APN LYNN M:052 B:771 L:013
UPID US38-1597424

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Barber Shop

Location

123 Commercial St, Unit 131 Lynn, MA 01905-2907
Lynn metro Census 207200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.63M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$1.48M

Owner & transaction history

since 2021
Last sale
$1.4M
6 recorded transactions
2021
Price N/A
2021
$1.4M
2007
Price N/A
2004
Price N/A
2004
$140,000
2004
Price N/A

Zoning & alternative use

BD · Lynn, MA
Top alternative use upside
Apartment house (5+ units) $2.2M +53.2%
Auto repair, garage $1.9M +29.7%
Retail stores $1.5M +6.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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