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    Property profile & analytics

    29 Neptune Blvd Lynn, MA 01902-4472

    • Turn key restaurants
    • 1,767 SF
    • 0.35 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Location Intelligence
    Property ID
    US38-1103162
    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

    • Restaurante la Dominicano / Brunch Restaurant
    • El Tipico / Dominican Restaurant / Latin American Restaurant

    Property Details for 29 Neptune Blvd

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    0.35 lot acres
    Property size
    1,767 SF
    Zone code
    R5
    Property type
    Turn key restaurants
    APN
    LYNN M:052 B:732 L:013
    APU
    LYNNM052B732L013

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $455,000
      6.5%
      $480,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $470,000
      Geo Method
      $400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $425,000
      Retail
      $370,000
      Mixed-Use
      $380,000
      Hospitality
      $480,000
      Educational
      $445,000
      Residential Income
      $425,000
      Energy
      $375,000
      Income-Based Land
      $500,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.954
    Latitude
    42.4612
    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
    $10,911
    $356,400
    $184,300
    $540,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $420,000
      1,552 SF

      188 Essex St

      RESTAURANT • 1,552 SF
      188 Essex St, Lynn, MA 01902-1745
      View Details
    • Value Estimation
      $240,000
      993 SF

      65 Goodridge St

      RESTAURANT • 993 SF
      65 Goodridge St, Lynn, MA 01902-2624
      View Details
    • Value Estimation by Request
      4,259 SF

      116-116A Lewis St

      RESTAURANT • 4,259 SF
      116-116A Lewis St, Lynn, MA 01902
      View Details
    • Value Estimation
      $230,000
      1,015 SF

      34 Acorn St

      RESTAURANT • 1,015 SF
      34 Acorn St, Lynn, MA 01902-3825
      View Details
    • Value Estimation
      $305,000
      742 SF

      61 Franklin St

      RESTAURANT • 742 SF
      61 Franklin St, Lynn, MA 01902-4107
      View Details
    • Value Estimation
      $415,000
      1,457 SF

      4 Wheeler St

      RESTAURANT • 1,457 SF
      4 Wheeler St, Lynn, MA 01902
      View Details

    Similar Nearby for Sale

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      Turnkey Coffee Shop Prime Location

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      Established Restaurant in High-Traffic Area

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      Spacious, renovated commercial unit on high-traffic street, suitable for retail.
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      Commercial Building in Downtown Lynn

      High-traffic corner location with multiple uses and income potential.
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      Retail Property in Lynn, MA

      Retail property with 1,317 square feet of space.
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    Similar Nearby for Lease

    • Contact for pricing
      548 SF

      New Retail & Restaurant Space

      New construction retail and restaurant spaces available for immediate occupancy.
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      Commercial Building in Downtown Lynn

      Commercial building suitable for restaurant, cafe, or retail use.
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    • Contact for pricing
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      8,000 sqft retail space available for lease.
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    • $2,995 /Mo

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      Bright corner retail space with parking at busy intersection.
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    • $1,800 /Mo

      Renovated Commercial Space For Rent

      Newly renovated commercial space suitable for retail, office, or salon.
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    • $2,695 /Mo

      Mixed-Use Property with Ocean Views

      Mixed-use property featuring office space and residential unit with ocean views.
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      View Details
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    29 Neptune Blvd
    Lynn, MA 01902-4472
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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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