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    Property profile & analytics

    240 Western Ave Lynn, MA 01904-2738

    • Gas stations
    • 1,571 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $1,410,000
    Last Sale
    Aug 16, 2023
    $1,500,000
    Location Intelligence
    Property ID
    US38-0203454
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gibbs Auto Service / Auto Repair Shop / Gas Station
    • JVS Auto Services / Auto Repair Shop / Car Inspection Station

    Property Details for 240 Western Ave

    Year built
    1948
    Construction
    CONCRETE
    Lot size
    0.23 lot acres
    Property size
    1,571 SF
    Zone code
    BD
    Property type
    Gas stations
    APN
    LYNN M:085 B:485 L:001
    APU
    LYNNM085B485L001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,335,000
      6.5%
      $1,410,000
      7%
      $1,610,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,460,000
      Geo Method
      $1,390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,565,000
      Retail
      $1,260,000
      Mixed-Use
      $1,390,000
      Hospitality
      $1,690,000
      Educational
      $1,610,000
      Residential Income
      $1,500,000
      Energy
      $1,660,000
      Income-Based Land
      $1,465,000
      Food Service
      $1,240,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9485
    Latitude
    42.4772
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,755
    $413,100
    $169,400
    $582,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $320,000
      1,720 SF

      229 Broadway

      GAS STATION • 1,720 SF
      229 Broadway, Lynn, MA 01904-1844
      View Details
    • Value Estimation by Request
      2,190 SF

      12-12A Washington St

      SERVICE STATION (FULL SERVICE) • 2,190 SF
      12-12A Washington St, Lynn, MA 01904
      View Details
    • Value Estimation
      $1,905,000
      1,680 SF

      668 Chestnut St

      GAS STATION • 1,680 SF
      668 Chestnut St, Lynn, MA 01904-2636
      View Details
    • Value Estimation
      $325,000
      1,847 SF

      570 Western Ave

      GAS STATION • 1,847 SF
      570 Western Ave, Lynn, MA 01904-3236
      View Details
    • Value Estimation
      $510,000
      1,197 SF

      109 Lynnfield St

      AUTO REPAIR, GARAGE • 1,197 SF
      109 Lynnfield St, Lynn, MA 01904-2221
      View Details
    • Value Estimation by Request
      17,324 SF

      5 Stetson St

      PARKING GARAGE, PARKING STRUCTURE • 17,324 SF
      5 Stetson St, Lynn, MA 01904-2929
      View Details

    Similar Nearby for Sale

    • $899,999

      Updated Two-Family Home in Lynn

      Turn-key, high-income property near transportation and downtown.
      325 Western Ave, Lynn, MA 01904
      View Details
    • $759,000

      Lynn Two-Family in Ward One

      Two-family property with updates in a desirable location.
      246 Euclid Ave, Lynn, MA 01904
      View Details

    Property Visit Statistics

    • Visits by month
      10.8k
    • Visitors by month
      9.7k
    • Avg Time on site
      8 min
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    240 Western Ave
    Lynn, MA 01904-2738
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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