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Property profile & analytics
OFF-MARKET
Estimated value
$1,420,000
Commercial real estate
40 Salem St Lynnfield, MA 01940-2673
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0727590
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1980
Construction
FRAME
Total area
26,256 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C
APN
LYNF M:0050 B:0000 L:2351
UPID
US38-0727590
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.42M
Owner & transaction history
Stone Lynnfield LLC · 18 yrs held
Stone Lynnfield LLC
since 2008
3 recorded transactions
Zoning & alternative use
C · Lynnfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
e process wastewater on-site. 14. Stocking and disposal of snow and ice containing deicing chemicals if brought in from outside the district. 15. Storage of commercial fertilizer and soil conditioners, as defined in MGL c. 128, § 64 , unless such storage is within a structure designated to prevent the generation and escape of contaminated runoff or leachate.…
Zone name
Commercial
General category
COMMERCIAL
Zone area
63.52 ac
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 Lynnfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynnfield 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
$54 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$53,615
Tax year 2021
Assessed value
$3,172,000
Assessed 2024
Previous assessed
$2,950,400
+7.5% YoY
Effective rate
1.69%
On assessed value
Assessed land
$1,132,000
Assessed improvement
$2,040,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
FRAME
Heating
ELECTRIC
Cooling
YES
Buildings
3
Stories
2
Units
13
Total area
26,256 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C
APN
LYNF M:0050 B:0000 L:2351
UPID
US38-0727590
Jurisdiction
LYNNFIELD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Lynnfield, MAZoning C · permitted uses
C · Lynnfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
e process wastewater on-site. 14. Stocking and disposal of snow and ice containing deicing chemicals if brought in from outside the district. 15. Storage of commercial fertilizer and soil conditioners, as defined in MGL c. 128, § 64 , unless such storage is within a structure designated to prevent the generation and escape of contaminated runoff or leachate. 16. The use of septic system cleaners which contain toxic or hazardous chemicals
Zone name
Commercial
General category
COMMERCIAL
Zone area
63.52 ac
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
3
Units
13
Lot
1.5 ac
Current owner
From public records · entity-resolved
Stone Lynnfield LLC
Entity
Mailing address
50 SALEM ST, LYNNFIELD, MA 01940-2600
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2008
—
Stone Lynnfield LLC
—
Deed Of Trust
related
$1,350,000 · Union Insurance Co
Sep 15, 1998
—
Arthur J Epstein
—
Deed Of Trust
related
$1,325,000 · John Hancock Mutual Life Ins
Jun 29, 1993
—
Lynnfield Office Pk Tr
—
Deed Of Trust
related
$1,421,432 · John Hancock Mutual Life Ins
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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