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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Investment properties
451 Chestnut St Lynn, MA 01902-2721
Individually Owned
3-yr Hold
Property ID
US38-0363852
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Construction
FRAME
Total area
3,687 SF
Lot
0.11 ac (4,727 SF)
Zoning code
R1
APN
LYNN M:085 B:487 L:014
UPID
US38-0363852
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
-
E Z shop Beer & Wine & Convenience Grocery & Convenience Store
-
Cardtronics ATM Atm
-
Unbank Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$590k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$569k
Blend (final)
Blend
$625k
Owner & transaction history
451 Chestnut Street RT · 3 yrs held
451 Chestnut Street RT
since 2023
Last sale
$700,000
4 recorded transactions
Zoning & alternative use
R1 · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+64.9%
Retail stores
$815,000
+34.8%
Office building
$770,000
+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
$555,000
ML approach
$590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$605,000
Current use
AUTO REPAIR, GARAGE
$1,000,000
Change: +65% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +35% · Conversion: Easy
OFFICE BUILDING
$770,000
Change: +27% · Conversion: Easy
WAREHOUSE, STORAGE
$520,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $700k (May 3 2023)
Last sale anchor
$700k
May 3 2023
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
$170 / 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
$636,600
Assessed 2024
Previous assessed
$636,600
+0.0% YoY
Assessed land
$188,500
Assessed improvement
$448,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
3
Rooms
9
Bathrooms
4
Total area
3,687 SF
Lot
0.11 ac (4,727 SF)
Zoning code
R1
APN
LYNN M:085 B:487 L:014
UPID
US38-0363852
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
$605,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$815,000
OFFICE BUILDING
Est. value
$770,000
WAREHOUSE, STORAGE
Est. value
$520,000
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
1880
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
3
Rooms
9
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
451 Chestnut Street RT
Individual
Mailing address
451 CHESTNUT ST, LYNN, MA 01902-2721
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2023
$700,000
451 Chestnut Street RT
S & R Convenience Rlty In
Quit Claim Arm's Length For Ne States
$560,000 · Rockland Trust Co
Mar 29, 2005
$410,000
S &r Convenience Rlty
P R K Y LLC
Deed
$728,000 · Cit Sm Bus Lending
Jul 17, 2001
$250,000
Prky LLC
Ez RT
Grant Deed
$200,000 · Zuckerman Family Nomi
Jul 17, 2001
—
Prky LLC
—
Deed Of Trust
related
$50,000 · Zenon Grzybowski
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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