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    Property profile & analytics

    241 Commercial St Lynn, MA 01905

    • Warehouses
    • 18,720 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-0463758
    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

    • Warehouses

    Property Details for 241 Commercial St

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    1.37 lot acres
    Property size
    18,720 SF
    Zone code
    WF3
    Property type
    Warehouses
    APN
    LYNN M:051 B:754 L:010
    APU
    LYNNM051B754L010

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9575
    Latitude
    42.454
    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
    $37,418
    $1,146,800
    $707,400
    $1,854,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $225,000
      1,716 SF

      38 Oakville St

      WAREHOUSE, STORAGE • 1,716 SF
      38 Oakville St, Lynn, MA 01905-2817
      View Details
    • Value Estimation
      $465,000
      10,419 SF

      80 Marine Blvd

      WAREHOUSE, STORAGE • 10,419 SF
      80 Marine Blvd, Lynn, MA 01905-3029
      View Details
    • Value Estimation
      $510,000
      14,480 SF

      659 Summer St

      WAREHOUSE, STORAGE • 14,480 SF
      659 Summer St, Lynn, MA 01905-2002
      View Details
    • Value Estimation by Request
      70,828 SF

      19 Bennett St

      WAREHOUSE, STORAGE • 70,828 SF
      19 Bennett St, Lynn, MA 01905-3059
      View Details
    • Value Estimation by Request
      11,328 SF

      42 Oakville St

      WAREHOUSE, STORAGE • 11,328 SF
      42 Oakville St, Lynn, MA 01905-2817
      View Details
    • Value Estimation
      $1,115,000
      21,214 SF

      34-36 Riley Way

      WAREHOUSE, STORAGE • 21,214 SF
      34-36 Riley Way, Lynn, MA 01905
      View Details

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    Similar Nearby for Lease

    • $2,500 /Mo

      Lynn Office Space for Rent

      Office space available for non-profit organization in Lynn, MA.
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      View Details
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    241 Commercial St
    Lynn, MA 01905
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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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