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Property profile & analytics
OFF-MARKET
Office Spaces
150 Market St 2, Lynn, MA 01901-1529
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-0674834
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1912
Construction
STEEL FRAME
Total area
2,964 SF
Lot
0.09 ac (3,908 SF)
Zoning code
CBD
APN
LYNN M:068 B:628 L:022 S:003
UPID
US38-0674834
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
-
La Monica Philip Law Firm
-
Element Music Group Recording Studio
-
Amado F. Hernandez, PHD Physician
-
Robert Page, MS, PhD Physician Medical Clinic
-
Central Square Therapy Associates Physician Medical Clinic
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
Caprio Equity Partners · 8 yrs held
Caprio Equity Partners
since 2017
Last sale
$242,000
7 recorded transactions
Zoning & alternative use
CBD · 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 2024Property tax & assessments
Tax year 2024
Tax billed
$6,137
Tax year 2024
Assessed value
$304,100
Assessed 2024
Previous assessed
$304,100
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed improvement
$304,100
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1912
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
2,964 SF
Lot
0.09 ac (3,908 SF)
Zoning code
CBD
APN
LYNN M:068 B:628 L:022 S:003
UPID
US38-0674834
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.
Building & site characteristics
From public records
Year built
1912
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Caprio Equity Partners
Entity
Mailing address
150 MARKET ST #2, LYNN, MA 01901-1529
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2017
$242,000
Caprio Equity Partners
Centrix Realty LLC
Quit Claim Arm's Length For Ne States
$181,500 · Beverly Bank
Aug 29, 2007
$156,386
Centrix Realty LLC
Owen,daniel H
Grant Deed
$168,750 · Gary Needham
Aug 31, 2004
$206,000
Daniel H Owen
Market Street RT
Grant Deed
$154,500 · Gary Needham
Jan 2, 1997
$130,000
Nefesh INC
Lebowitz,james I
Grant Deed
—
Oct 16, 1996
$125,000
Craig L Lebowitz
Century B&t
Grant Deed
—
Jul 20, 1994
$110,000
Century Bk & Tr Co
150 Market Street RT
Grant Deed
related
—
Dec 20, 1991
—
150 Market St. RT
—
Deed Of Trust
related
$20,000 · Ipswich Savings Bank
Nov 21, 1990
—
150 Market St. RT
—
Deed Of Trust
related
$133,000 · Gary Needham
Oct 31, 1990
$245,000
Merrill,w Blake Tr
Wolcott RT
Grant Deed
—
Oct 31, 1990
—
150 Market St. RT
—
Deed Of Trust
related
$240,000 · Gary Needham
Apr 1, 1988
—
150 Market St. RT
—
Deed Of Trust
related
$175,000 · Gary Needham
May 12, 1987
—
150 Market St. RT
—
Deed Of Trust
related
$250,000 · Century No Shore B&t
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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