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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Specialty properties
47 Mt Pleasant St, Lynn, MA 01902-2819
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-2444829
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1905
Construction
FRAME
Total area
3,831 SF
Lot
0.08 ac (3,372 SF)
Zoning code
R4
APN
LYNN M:083 B:709 L:017
UPID
US38-2444829
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
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$779k
Blend (final)
Blend
$585k
Owner & transaction history
Centerboard INC · 4 yrs held
Centerboard INC
since 2021
Last sale
$580,000
7 recorded transactions
Zoning & alternative use
R4 · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$850,000
+1.0%
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
$605,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$840,000
Current use
RETAIL STORES
$850,000
Change: +1% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $580k (Dec 23 2021)
Last sale anchor
$580k
Dec 23 2021
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
$153 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,075
Tax year 2023
Assessed value
$790,300
Assessed 2024
Previous assessed
$790,300
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$174,000
Assessed improvement
$616,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1905
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
3
Rooms
15
Bathrooms
3
Total area
3,831 SF
Lot
0.08 ac (3,372 SF)
Zoning code
R4
APN
LYNN M:083 B:709 L:017
UPID
US38-2444829
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R4 · Lynn, MA
Zoning R4 · permitted uses
R4 · 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$840,000
RETAIL STORES
Est. value
$850,000
OFFICE BUILDING
Est. value
$800,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
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
1905
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
3
Rooms
15
Bathrooms
3
Lot
0.08 ac
Current owner
From public records · entity-resolved
Centerboard INC
Entity
Mailing address
16 CITY HALL SQ, LYNN, MA 01901-1003
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2024
—
Centerboard INC
—
Deed
related
$2,547,200 · Citizens Bank
Dec 23, 2021
$580,000
Centerboard INC
Diane C Kalloger
Quit Claim Arm's Length For Ne States
—
Dec 23, 2021
—
Diane C Kalloger
Kelly Katherine M Est
Personal Representative Deed
—
Jun 26, 2018
—
Katherine M Kelly
—
Deed
related
$855,000 · Reverse Mortgage Fund
May 13, 2003
—
Katherine M Kelly
—
Deed Of Trust
related
$49,000 · Gary Needham
May 29, 2002
—
Katherine M Kelly
—
Deed Of Trust
related
$35,000 · Gary Needham
Sep 2, 1993
—
Katherine M Kelly
—
Deed Of Trust
related
$51,000 · Fleet National Bank
Jun 7, 1990
—
Katherine M Kelly
—
Deed Of Trust
related
$25,000 · 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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