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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Office buildings
465 Washington St, Lynn, MA 01901-1204
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-1328807
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1911
Construction
FRAME
Total area
3,638 SF
Lot
0.22 ac (9,445 SF)
Zoning code
CBD
APN
LYNN M:068 B:628 L:023
UPID
US38-1328807
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
-
Panakio Adjusters Inc Law Firm Insurance Agency
-
Panakio Adjusters Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$992k
Blend (final)
Blend
$1.14M
Owner & transaction history
Oac 465 Washington St LLC · 2 yrs held
Oac 465 Washington St LLC
since 2024
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
CBD · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$985,000
+29.7%
Retail stores
$805,000
+6.0%
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
$1,135,000
ML approach
$1,135,000
CAP Approach
CAP Return
Estimation
6%
$1,250,000
6.5%
$1,155,000
7%
$1,075,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$760,000
Current use
AUTO REPAIR, GARAGE
$985,000
Change: +30% · Conversion: Difficult
RETAIL STORES
$805,000
Change: +6% · Conversion: Moderate
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.13M (May 3 2024)
Last sale anchor
$1.13M
May 3 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
$312 / 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
Tax billed
$18,634
Tax year 2024
Assessed value
$923,400
Assessed 2024
Previous assessed
$923,400
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$290,900
Assessed improvement
$632,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1911
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
3,638 SF
Lot
0.22 ac (9,445 SF)
Zoning code
CBD
APN
LYNN M:068 B:628 L:023
UPID
US38-1328807
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Lynn, MA
Zoning CBD · permitted uses
CBD · 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
OFFICE BUILDING Current
Est. value
$760,000
AUTO REPAIR, GARAGE
Est. value
$985,000
RETAIL STORES
Est. value
$805,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1911
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Oac 465 Washington St LLC
Entity
Free & Clear · 2 yrs held
Mailing address
465 WASHINGTON ST, LYNN, MA 01901-1204
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
Jan 23, 2026
—
Oac 465 Washington St LLC
—
Deed
related
$18,537,000 · Winchester Savings Bank
May 3, 2024
$1,133,000
Oac 465 Washington St LLC
Emerald Capital LLC
Quit Claim Arm's Length For Ne States
—
May 3, 2024
$910,000
Emerald Capital LLC
Light Matters Collaborati
Foreclosure
related
—
Nov 21, 2023
$910,000
Emerald Capital LLC
Light Matters Collaborati
Foreclosure
related
—
Aug 22, 2023
—
Light Matters Collaborati
—
Deed
related
$375,000 · 465 Wa Street LLC
Jun 15, 2022
—
Light Matters Collaborati
—
Deed
related
$1,200,000 · Emerald Capital Lending III LLC
May 20, 2022
$450,000
Cnc Development LLC
465 Washington Street RT
Correction Deed
related
—
May 5, 2022
$1,750,000
Light Matters Collaborati
Cnc Development LLC
Quit Claim Arm's Length For Ne States
$300,000 · Rf Boston
Apr 28, 2021
$450,000
Cnc Development LLC
465 Wa St RT
Quit Claim Arm's Length For Ne States
$300,000 · River Works Credit Union
Jul 1, 1993
$155,000
Shore U S P O RT North
North Shore Group R T
Grant Deed
related
$155,000 · Century Bank & Trust Co
Jun 21, 1990
—
North Shore Veterinary
—
Deed Of Trust
related
$75,000 · Gary Needham
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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