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Property profile & analytics
FOR LEASE
Manufacturing properties
20 Mount Vernon St, Lynn, MA 01901
Individually Owned
4-yr Hold
Free & Clear
Property ID
US38-0858399
For Lease
1 / 36
Contact for pricing
20 Mount Vernon St, Lynn, MA 01901
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Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1926
Construction
STEEL FRAME
Total area
12,672 SF
Lot
0.15 ac (6,323 SF)
Zoning code
CBD
APN
LYNN M:082 B:597 L:004
UPID
US38-0858399
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
Mi Jo RT · 4 yrs held
Mi Jo RT
since 2022
Last sale
$275,000
4 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
$13,502
Tax year 2024
Assessed value
$669,100
Assessed 2024
Previous assessed
$669,100
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$171,100
Assessed improvement
$498,000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1926
Construction
STEEL FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
6
Bathrooms
6
Total area
12,672 SF
Lot
0.15 ac (6,323 SF)
Zoning code
CBD
APN
LYNN M:082 B:597 L:004
UPID
US38-0858399
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
1926
Construction
STEEL FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
6
Bathrooms
6
Lot
0.15 ac
Current owner
From public records · entity-resolved
Mi Jo RT
Individual
Free & Clear · 4 yrs held
Mailing address
21 BRK RD, MARBLEHEAD, MA 01945-1847
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2022
—
Mi Jo RT
Jodi L Borash
Quit Claim Deed
related
—
Jul 30, 2008
—
Jodi L Borash
—
Deed Of Trust
related
$16,650 · Gary Needham
Dec 11, 2003
$275,000
Michael S Newberg
Beaver Ent INC
Grant Deed
—
Dec 11, 2003
—
Jodi L Borash
—
Deed Of Trust
related
$206,250 · 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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