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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Parking lots & garages
233 Broadway, Lynn, MA 01904
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US38-0384433
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1930
Total area
2,560 SF
Lot
0.16 ac (6,891 SF)
Zoning code
BD
APN
LYNN M:074 B:092 L:012
UPID
US38-0384433
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
$875k
Owner & transaction history
Pal RT · 25 yrs held
Pal RT
since 2001
7 recorded transactions
Zoning & alternative use
BD · 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
$342 / 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
$5,858
Tax year 2024
Assessed value
$290,300
Assessed 2024
Previous assessed
$290,300
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$284,200
Assessed improvement
$6,100
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1930
Heating
NONE
Rooms
12
Total area
2,560 SF
Lot
0.16 ac (6,891 SF)
Zoning code
BD
APN
LYNN M:074 B:092 L:012
UPID
US38-0384433
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.
Building & site characteristics
From public records
Year built
1930
Heating
NONE
Rooms
12
Lot
0.16 ac
Current owner
From public records · entity-resolved
Pal RT
Individual
Mailing address
330 LYNNWAY STE #105, LYNN, MA 01901-1713
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 5, 2001
$80,000
Pal RT
Angelo Scangas Fam Nt
Grant Deed
$900,000 · Warren Five Cts Savings
Apr 30, 1993
$103,000
Walter Crawford
233 Lynn RT
Grant Deed
—
Jan 14, 1993
—
Stephen Maiuri
—
Deed Of Trust
related
$74,400 · First Federal Savings Bank
Sep 24, 1992
$68,500
233 Broadway Lynn RT
Federal Home Loan Mtg
Grant Deed
—
Jul 2, 1992
$222,598
Fhlm
Fiste,thomas J
Grant Deed
—
Aug 19, 1988
$230,000
Thomas J Fiste
Baker,donald R
Grant Deed
$185,000 · Shore Bk & Tr Co
Feb 5, 1988
—
Donald R Baker
—
Deed Of Trust
related
$200,000 · Shore Bk & Tr Co
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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