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Property profile & analytics
OFF-MARKET
Estimated value
$740,000
Investment properties
301-305 Chatham St, Lynn, MA 01902
Individually Owned
4-yr Hold
Property ID
US38-2352721
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1890
Construction
FRAME
Total area
3,995 SF
Lot
0.1 ac (4,500 SF)
Zoning code
R1
APN
LYNN M:096 B:471 L:001
UPID
US38-2352721
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
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$517k
Blend (final)
Blend
$740k
Owner & transaction history
301-305 Chatham St Rlty · 4 yrs held
301-305 Chatham St Rlty
since 2021
Last sale
$779,000
7 recorded transactions
Zoning & alternative use
R1 · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+64.9%
Retail stores
$885,000
+34.8%
Office building
$835,000
+27.2%
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
$680,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Current use
AUTO REPAIR, GARAGE
$1,080,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$885,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$835,000
Change: +27% · Conversion: Easy
WAREHOUSE, STORAGE
$560,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$740k
Range $666k – $814k · ±10% · vs last sale $779k (Dec 23 2021)
Last sale anchor
$779k
Dec 23 2021
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
$185 / 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
Assessed value
$566,700
Assessed 2024
Previous assessed
$566,700
+0.0% YoY
Assessed land
$185,600
Assessed improvement
$381,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
4
Rooms
12
Bathrooms
4
Total area
3,995 SF
Lot
0.1 ac (4,500 SF)
Zoning code
R1
APN
LYNN M:096 B:471 L:001
UPID
US38-2352721
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Lynn, MA
Zoning R1 · permitted uses
R1 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$655,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
RETAIL STORES
Est. value
$885,000
OFFICE BUILDING
Est. value
$835,000
WAREHOUSE, STORAGE
Est. value
$560,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1890
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
4
Rooms
12
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
301-305 Chatham St Rlty
Individual
Mailing address
1 CYPRESS ST, HAVERHILL, MA 01830-5815
Ownership since
2021
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
Dec 23, 2021
$779,000
301-305 Chatham St Rlty
Anketell Rosemary E Est
Personal Representative Deed
—
May 7, 2019
—
Rosemary E Anketell
—
Deed
related
$63,000 · St Jeans Cu
Jun 29, 2015
—
Rosemary E Anketell
Anketell R F JR & R E Trust
Quit Claim Deed
related
—
Oct 14, 2009
$1
Robert F Anketell JR.
Anketell,robert F JR
Grant Deed
—
Jul 26, 1991
—
Robert J Anketell JR.
—
Deed Of Trust
related
$30,411 · Gary Needham
Oct 28, 1988
—
Robert F Anketell JR
—
Deed Of Trust
related
$36,000 · Gary Needham
—
—
Rosemary E Anketell
—
Deed Of Trust
related
$63,000 · St Jeans Cu
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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