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Property profile & analytics
OFF-MARKET
Estimated value
$3,160,000
Manufacturing properties
271 Western Ave, Lynn, MA 01904-3000
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0374637
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1896
Construction
FRAME
Total area
39,306 SF
Lot
0.49 ac (21,355 SF)
Zoning code
LI
APN
LYNN M:085 B:252 L:007
UPID
US38-0374637
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
Current use
Occupant on record · Public records
-
B & B Pest Control Garden Center
-
W.F. Healey Co Home Decor Store Furniture & Home Goods
-
Mendez Contractor Inc Hardware & Home Improvement Interior Design
-
Shamrock designs Factory Production Facility
-
Fantastic Insurance MA Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$3.16M
Owner & transaction history
First Maryland Cambrdg · 10 yrs held
First Maryland Cambrdg
since 2015
7 recorded transactions
Zoning & alternative use
LI · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.16M
Range $2.84M – $3.48M · ±10%
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
$80 / 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
$37,656
Tax year 2024
Assessed value
$1,866,000
Assessed 2024
Previous assessed
$1,866,000
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$598,500
Assessed improvement
$1,267,500
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
Off-Market
Year built
1896
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
4
Units
51
Total area
39,306 SF
Lot
0.49 ac (21,355 SF)
Zoning code
LI
APN
LYNN M:085 B:252 L:007
UPID
US38-0374637
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
LI · Lynn, MA
Zoning LI · permitted uses
LI · 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
1896
Construction
FRAME
Heating
STEAM
Stories
4
Buildings
1
Units
51
Lot
0.49 ac
Current owner
From public records · entity-resolved
First Maryland Cambrdg
Individual
Mailing address
17 IVALOO ST STE #100, SOMERVILLE, MA 02143-3658
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
First Md Cambridge T
—
Deed
related
$1,748,000 · Td Bank NA
Jul 16, 2019
—
B Meltel LLC
—
Deed
related
$608,066 · Deutsche Bank National Trust Co
Jul 8, 2015
$3,800,000
First Maryland Cambrdg
Lydia Pinkham LLC
Quit Claim Arm's Length For Ne States
$2,550,000 · South Shore Savings Bank
Apr 30, 2012
—
Lydia Pinkham LLC
—
Deed Of Trust
related
$2,200,000 · South Shore Bank
Jul 9, 2003
$2,600,000
Lydia Pinkham LLC
Pinkham Assoc LLC
Grant Deed
related
$1,820,000 · South Shore Bank
May 30, 2002
—
Pinkham Associates LLC
—
Deed Of Trust
related
$760,000 · North Shore Bank
Dec 22, 2000
—
Pinkham T Lydia
—
Deed Of Trust
related
$650,000 · North Shore Bank
Aug 3, 1990
—
Lydia Pinkham Trust
—
Deed Of Trust
related
$985,000 · Gary Needham
May 17, 1989
—
Lydia Pinkham Tr
—
Deed Of Trust
related
$315,000 · Gary Needham
May 20, 1987
—
Lydia Pinkham Trust,tr
—
Deed Of Trust
related
$675,000 · 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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