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Property profile & analytics
OFF-MARKET
Estimated value
$745,000
Investment properties
232-234 Lynnfield St Lynn, MA 01904
Entity Owned
4-yr Hold
Property ID
US38-1239205
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1893
Construction
FRAME
Total area
3,383 SF
Lot
0.26 ac (11,223 SF)
Zoning code
R1
APN
LYNN M:060 B:029 L:020
UPID
US38-1239205
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
$725k
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$550k
Blend (final)
Blend
$745k
Owner & transaction history
Colombo Prop Mgmt LLC · 4 yrs held
Colombo Prop Mgmt LLC
since 2022
Last sale
$852,500
7 recorded transactions
Zoning & alternative use
R1 · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$915,000
+91.2%
Retail stores
$750,000
+56.4%
Office building
$705,000
+47.5%
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
$735,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$915,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$480,000
Current use
AUTO REPAIR, GARAGE
$915,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$705,000
Change: +47% · Conversion: Easy
WAREHOUSE, STORAGE
$475,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$745k
Range $671k – $820k · ±10% · vs last sale $853k (May 27 2022)
Last sale anchor
$853k
May 27 2022
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
$220 / 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
Assessed value
$910,900
Assessed 2024
Previous assessed
$910,900
+0.0% YoY
Assessed land
$321,200
Assessed improvement
$589,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1893
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
2
Rooms
11
Bathrooms
3
Total area
3,383 SF
Lot
0.26 ac (11,223 SF)
Zoning code
R1
APN
LYNN M:060 B:029 L:020
UPID
US38-1239205
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Lynn, MA
Zoning R1 · permitted uses
R1 · 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
COMMERCIAL (GENERAL) Current
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$915,000
RETAIL STORES
Est. value
$750,000
OFFICE BUILDING
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$475,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1893
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
2
Rooms
11
Bathrooms
3
Lot
0.26 ac
Current owner
From public records · entity-resolved
Colombo Prop Mgmt LLC
Entity
Mailing address
12 HASKELL AVE, REVERE, MA 02151-3305
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$852,500
Colombo Prop Mgmt LLC
Europa RT
Quit Claim Arm's Length For Ne States
$593,186 · Winchester Savings Bank
Sep 25, 2020
—
Europa RT
—
Deed
related
$360,000 · Salem Five Cents Savings Bank
Apr 28, 2017
—
Europa Trust
—
Deed
related
$355,000 · Community Cu/lynn
Mar 2, 2004
—
Angela Maniatis
—
Deed Of Trust
related
$400,000 · Salem Five Mortgage Corp
Jan 30, 2003
—
Angela Maniatis
—
Deed Of Trust
related
$250,000 · Community Cu Lynn
Dec 23, 1998
—
Christine Estrella
—
Deed Of Trust
related
$153,750 · Savings Bank
Nov 13, 1996
—
Joseph Estrella JR.
—
Deed Of Trust
related
$100,000 · Savings Bank
—
—
Europa Trust
—
Deed Of Trust
related
$355,000 · Community Cu/lynn
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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