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Property profile & analytics
OFF-MARKET
Estimated value
$2,025,000
Retail space
158 Lewis St Lynn, MA 01902-4800
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0911998
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1980
Construction
STEEL FRAME
Total area
6,720 SF
Lot
0.41 ac (17,960 SF)
Zoning code
BD
APN
LYNN M:093 B:561 L:040
UPID
US38-0911998
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
-
Home Appliance Repair Lynn Home Appliance Store
-
Western Union Bank Credit Union
-
Benny George Pharmacy
-
Victoria Garber Pharmacy
-
Irina Berezovskaya Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.03M
CAP Approach
CAP
$1.85M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$2.03M
Owner & transaction history
Jch RT · 1 yrs held
Jch RT
since 2024
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
BD · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+56.0%
Apartment house (5+ units)
$2.2M
+44.5%
Auto repair, garage
$1.8M
+22.3%
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
$2,025,000
ML approach
$2,025,000
CAP Approach
CAP Return
Estimation
6%
$2,000,000
6.5%
$1,845,000
7%
$1,715,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,485,000
Current use
RESTAURANT
$2,320,000
Change: +56% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,150,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,820,000
Change: +22% · Conversion: Difficult
OFFICE BUILDING
$1,400,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $2.03M (Oct 10 2024)
Last sale anchor
$2.03M
Oct 10 2024
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
$301 / 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
Tax billed
$30,407
Tax year 2024
Assessed value
$1,506,800
Assessed 2024
Previous assessed
$1,506,800
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$470,100
Assessed improvement
$1,036,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
6,720 SF
Lot
0.41 ac (17,960 SF)
Zoning code
BD
APN
LYNN M:093 B:561 L:040
UPID
US38-0911998
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Lynn, MA
Zoning BD · permitted uses
BD · 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
RETAIL STORES Current
Est. value
$1.5M
RESTAURANT
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.41 ac
Current owner
From public records · entity-resolved
Jch RT
Individual
Mailing address
44 SUMMER ST, NAHANT, MA 01908-1460
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
$2,025,000
Jch RT
Lynra Realty LLC
Quit Claim Arm's Length For Ne States
$1,275,000 · Marblehead Savings Bank
Apr 18, 2019
$1,300,000
Lynra Realty LLC
Skyline Sansome Califrnia
Quit Claim Arm's Length For Ne States
$1,040,000 · Harborone Bank
Apr 4, 2014
$810,000
Sansom California Skyline
Pasquanna Developers INC
Quit Claim Deed
$500,000 · Marvin G&jancie P Leech T
Dec 9, 2008
—
Pasquanna Dev INC
—
Deed Of Trust
related
$1,250,000 · Salem Five Cents Savings Bank
Jul 24, 2006
—
Pasquanna Dev INC
—
Deed Of Trust
related
$500,000 · Salem Five Cents Savings Bank
Jun 1, 1993
—
Pasquanna Dev INC
—
Deed Of Trust
related
$320,000 · Gary Needham
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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