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Property profile & analytics
OFF-MARKET
Commercial real estate
154 Lynnway 1st Ste 1, Lynn, MA 01902-3478
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1371353
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL CONDOMINUIM
Year built
1986
Construction
STEEL FRAME
Total area
1,300 SF
Lot
4.34 ac (189,102 SF)
Zoning code
WF2
APN
LYNN M:067 B:749 L:109 S:001
UPID
US38-1371353
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
Starboard RT · 6 yrs held
Starboard RT
since 2019
Last sale
$310,000
6 recorded transactions
Zoning & alternative use
WF2 · 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
$5,114
Tax year 2024
Assessed value
$253,400
Assessed 2024
Previous assessed
$253,400
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed improvement
$253,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 CONDOMINUIM
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
1
Total area
1,300 SF
Lot
4.34 ac (189,102 SF)
Zoning code
WF2
APN
LYNN M:067 B:749 L:109 S:001
UPID
US38-1371353
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
WF2 · Lynn, MA
Zoning WF2 · permitted uses
WF2 · 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
1986
Construction
STEEL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
1
Lot
4.34 ac
Current owner
From public records · entity-resolved
Starboard RT
Individual
Mailing address
154 LYNNWAY STE 1C, LYNN, MA 01902-3478
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2019
$205,000
Starboard RT
Presidential RT
Condominium Deed
$163,000 · North Shore Bank
May 21, 1993
$50,000
First Boston Ins Grp
First Colonial Bk Svgs
Grant Deed
related
—
Dec 24, 1992
$62,000
Colonial Bk Svgs First
Palleschi,arthur J
Grant Deed
related
—
Nov 23, 1988
—
Arthur J Palleschi
—
Deed Of Trust
related
$114,000 · First Colonial Bk Svg
Jun 12, 1987
$115,500
Nathan Gass
Seaport Devel Assoc
Grant Deed
—
Jun 12, 1987
—
Arthur J Palleschi
—
Deed Of Trust
related
$110,000 · Bank Of Ne Essex
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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