Property profile

41 Ocean St 1 Lynn, MA 01902

OFF-MARKET
Office Spaces
Property ID
US38-0368110
1,681 SF 0.16 ac lot Built 1900
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1900
Construction FRAME
Total area 1,681 SF
Lot 0.16 ac (7,061 SF)
Zoning code R1
APN LYNN M:103 B:551 L:001 S:001
UPID US38-0368110

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Publishing House
  • Employment Agency
  • General Contractor Renovation Specialist
  • Law Firm

Location

41 Ocean St, Unit 1 Lynn, MA 01902-2088
Lynn metro Census 206600 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$390k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2021
Last sale
$314,500
3 recorded transactions
2021
$314,500
1991
$80,000
1990
$159,900

Zoning & alternative use

R1 · Lynn, MA
Zoning description

The intent of this zone is to promote single family residential uses.

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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