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Property profile & analytics
OFF-MARKET
Retail space
35 Franklin St Lynn, MA 01904-3134
Individually Owned
5-yr Hold
Free & Clear
Property ID
US38-1453920
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
FRAME
Total area
1,806 SF
Lot
0.08 ac (3,548 SF)
Zoning code
R2
APN
LYNN M:055 B:201 L:007
UPID
US38-1453920
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
-
Parker Funeral Home Social Service Agency
-
Town House of Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Douroudis Ft 2018 · 5 yrs held
Douroudis Ft 2018
since 2021
5 recorded transactions
Zoning & alternative use
R2 · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of this zone is to promote two family residential uses.
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
680.34 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,531
Tax year 2024
Assessed value
$373,200
Assessed 2024
Previous assessed
$373,200
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$192,600
Assessed improvement
$180,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
1,806 SF
Lot
0.08 ac (3,548 SF)
Zoning code
R2
APN
LYNN M:055 B:201 L:007
UPID
US38-1453920
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Lynn, MAZoning R2 · permitted uses
R2 · Lynn, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of this zone is to promote two family residential uses.
Zone name
Two Family Residential
General category
RESIDENTIAL
Zone area
680.34 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Douroudis Ft 2018
Individual
Free & Clear · 5 yrs held
Mailing address
20 CIR HL RD, SALEM, MA 01970-1044
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2021
—
Douroudis Ft 2018
JR RT
Quit Claim Deed
related
—
Apr 1, 2019
—
Douroudis Ft 2018 Trust
Douroudis,john & Rallou
Quit Claim Deed
related
—
Dec 3, 1992
—
John Douroudis
—
Deed Of Trust
related
$126,000 · First Colonial Bank Saving
Jun 13, 1990
—
John Douroudis
—
Deed Of Trust
related
$132,000 · Shore Bk & Tr Co
Jun 15, 1987
—
John Douroudis
—
Deed Of Trust
related
$140,000 · Bank Of New England
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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