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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Investment properties
437 Western Ave 445, Lynn, MA 01904-3308
Entity Owned
2-yr Hold
Property ID
US38-2391773
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1873
Construction
FRAME
Total area
3,191 SF
Lot
0.48 ac (20,967 SF)
Zoning code
R2
APN
LYNN M:070 B:256 L:063
UPID
US38-2391773
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
-
N & N Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$564k
Blend (final)
Blend
$840k
Owner & transaction history
First Landing Invs LLC · 2 yrs held
First Landing Invs LLC
since 2024
Last sale
$840,000
7 recorded transactions
Zoning & alternative use
R2 · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$865,000
+91.2%
Retail stores
$705,000
+56.4%
Office building
$665,000
+47.5%
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
$840,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
$1,010,000
6.5%
$930,000
7%
$865,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$865,000
Change: +91% · Conversion: Difficult
RETAIL STORES
$705,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$665,000
Change: +47% · Conversion: Easy
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $840k (May 10 2024)
Last sale anchor
$840k
May 10 2024
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
$263 / 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
$934,200
Assessed 2024
Previous assessed
$934,200
+0.0% YoY
Assessed land
$195,800
Assessed improvement
$738,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1873
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
7
Rooms
20
Bathrooms
6
Total area
3,191 SF
Lot
0.48 ac (20,967 SF)
Zoning code
R2
APN
LYNN M:070 B:256 L:063
UPID
US38-2391773
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Lynn, MA
Zoning R2 · permitted uses
R2 · 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
AUTO REPAIR, GARAGE
Est. value
$865,000
RETAIL STORES
Est. value
$705,000
OFFICE BUILDING
Est. value
$665,000
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
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
1873
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
7
Rooms
20
Bathrooms
6
Lot
0.48 ac
Current owner
From public records · entity-resolved
First Landing Invs LLC
Entity
Mailing address
437 WESTERN AVE #445, LYNN, MA 01904-3308
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
—
My2girls Realty LLC
—
Deed
related
$2,650,000 · Salem Five Cents Savings Bank
May 10, 2024
$840,000
First Landing Invs LLC
Perivolia RT
Quit Claim Arm's Length For Ne States
$150,000 · Glm Gravalese Rlty Ll
May 10, 2024
$913,131
My2girls Realty LLC
First Landing Invs LLC
Quit Claim Arm's Length For Ne States
$600,000 · Stoneham Re LLC
Apr 11, 2017
—
Perivolia RT
—
Deed
related
$325,000 · Beverly Bank
Sep 12, 2013
—
Perivolia RT
—
Deed Of Trust
related
$278,748 · Beverly Cooperative Bank
Oct 3, 2008
—
Perivolia RT
—
Deed Of Trust
related
$60,000 · Beverly Cooperative Bank
Feb 9, 2001
—
Nikolas Nikolopoulos
—
Deed Of Trust
related
$218,000 · Beverly Cooperative Bank
May 28, 1999
$118,000
Nicholas Nickolopoulos
Newhall Rlty Corp
Grant Deed
$118,000 · Fec Mortgage Corp
Jun 27, 1996
$16,250
Newhall Realty Corp
Risman Bessie Est
Grant Deed
—
Jun 27, 1996
$43,750
Newhall Realty Corp
Hillman,grace R
Grant Deed
—
Jun 27, 1996
—
Newhall Realty Corp
—
Deed Of Trust
related
$275,000 · Bankboston Development Co LLC
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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