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Property profile & analytics
OFF-MARKET
Estimated value
$995,000
Auto shops
165 Commercial St, Lynn, MA 01905-2909
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1788075
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1932
Total area
7,500 SF
Lot
0.29 ac (12,839 SF)
Zoning code
HI
APN
LYNN M:051 B:796 L:043
UPID
US38-1788075
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
-
Igor's Auto Body Inc Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$995k
Owner & transaction history
Commercial Realty LLC · 5 yrs held
Commercial Realty LLC
since 2021
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
HI · 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
Method
Estimation
Statistic approach
$995,000
ML approach
$1,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$995k
Range $896k – $1.09M · ±10% · vs last sale $950k (May 21 2021)
Last sale anchor
$950k
May 21 2021
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
$133 / 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
$10,605
Tax year 2024
Assessed value
$525,500
Assessed 2024
Previous assessed
$482,500
+8.9% YoY
Effective rate
2.02%
On assessed value
Assessed land
$292,500
Assessed improvement
$233,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1932
Heating
SPACE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
7,500 SF
Lot
0.29 ac (12,839 SF)
Zoning code
HI
APN
LYNN M:051 B:796 L:043
UPID
US38-1788075
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HI · Lynn, MA
Zoning HI · permitted uses
HI · 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
1932
Heating
SPACE
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.29 ac
Current owner
From public records · entity-resolved
Commercial Realty LLC
Entity
Mailing address
242 W MAIN ST, AVON, MA 02322-1337
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2024
—
Commercial Realty LLC
—
Deed
related
$200,000 · Eastern Bank
May 21, 2021
$950,000
Commercial Realty LLC
165 Commercial Street RT
Quit Claim Arm's Length For Ne States
$650,000 · Eastern Bank
May 22, 2018
—
165 Commercial Street
—
Deed
related
$412,500 · Eastern Bank
Jul 19, 2012
—
John R Locke
—
Deed Of Trust
related
$397,500 · Gary Needham
May 28, 2004
—
165 Commercial St. RT
—
Deed Of Trust
related
$350,000 · Gary Needham
Aug 27, 2002
—
165 Commercial St. RT
—
Deed Of Trust
related
$275,000 · Gary Needham
Mar 31, 1994
$50,000
165 Commercial St. RT
Bill & Don RT
Grant Deed
—
Feb 1, 1991
$250,000
Bill RT
Dayno RT
Grant Deed
$232,000 · Danvers Savings Bank
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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