Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    50 Silsbee St Lynn, MA 01901-1411

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    50 Silsbee St Lynn, MA 01901-1411

    View on Map
    • Showrooms
    • 6,280 SF
    • 1.09 lot acres
    Off-Market
    Last Sale Jun 24, 2021
    $3,399,000
    Property ID
    US38-0818905
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,535,000
    Show details
    Cap Rate Potential
    3.4%
    Showrooms
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 50 Silsbee St

    Year built
    1950
    Construction
    STEEL FRAME
    Lot size
    1.09 lot acres
    Property size
    6,280 SF
    Zone code
    CBD
    Property type
    Showrooms
    APN
    LYNN M:082 B:615 L:037
    APU
    LYNNM082B615L037

    Description

    The Onyx, a Class A, six-story apartment building in Lynn, Massachusetts, presents a unique redevelopment opportunity. This fully permitted 180,674 square foot complex boasts 129,468 square feet of net rentable area, housing 182 units: 36 studios, 61 one-bedroom, 12 one-bedroom with dens, and 72 two-bedroom apartments, plus one commercial unit suitable for a cafe or restaurant. The asking price is $12,285,000, translating to $68 per square foot and $67,500 per unit. Conveniently located directly adjacent to the new commuter rail station, The Onyx offers unparalleled access to Boston. Residents enjoy 101 sub-ground parking spaces and upscale amenities including a fitness center, golf simulator, and movie theater. Complete construction documents are available. A potential joint venture opportunity exists for qualified investors. This exceptional property represents a prime investment in a rapidly growing market. The address is 50 Silsbee St, Lynn, MA 01901, within Essex County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,555,000
      ML approach
      $3,785,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,170,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9408
    Latitude
    42.4649
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,775
    $629,800
    $251,000
    $880,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,360 SF

      170 Liberty St

      SHOW ROOM, WAREHOUSE • 5,360 SF
      170 Liberty St, Lynn, MA 01901
      View Details
    • Value Estimation by Request
      8,439 SF

      80 Almont St

      SHOW ROOM, WAREHOUSE • 8,439 SF
      80 Almont St, Lynn, MA 01901
      View Details
    • Value Estimation by Request
      4,676 SF

      35-37 Suffolk St

      SHOW ROOM, WAREHOUSE • 4,676 SF
      35-37 Suffolk St, Lynn, MA 01901
      View Details
    • Value Estimation
      $1,810,000
      49,094 SF

      400 Lynnway

      SHOW ROOM, WAREHOUSE • 49,094 SF
      400 Lynnway, Lynn, MA 01901-1711
      View Details
    • Value Estimation
      $3,065,000
      90,330 SF

      154-158 Pleasant St

      SHOW ROOM, WAREHOUSE • 90,330 SF
      154-158 Pleasant St, Lynn, MA 01901
      View Details
    • Value Estimation by Request
      7,795 SF

      451 Broad St

      SHOW ROOM, WAREHOUSE • 7,795 SF
      451 Broad St, Lynn, MA 01901-1514
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,943 SF

      Lynn Retail Condo For Sale

      2,943 SF retail condo in Lynn's CBD zone.
      52-56 Central Sq, Lynn, MA 01901
      View Details
    • $800,000

      Turnkey Commercial Property in Lynn

      Turnkey commercial property with immediate income and long-term potential.
      52-56 Central Sq, Lynn, MA 01901
      View Details
    • $4,950,000
      0.96 Acres

      Lynnway Industrial Gem

      Prime Lynn location, renovated, high visibility.
      Lynnway, Lynn, MA 01901
      View Details
    • Contact for pricing

      Downtown Lynn Development Opportunity

      0.88-acre development site near MBTA station in Lynn, MA.
      380 Washington St, Lynn, MA 01901
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Visible Storefront on Lynnway

      Storefront with high visibility and direct access to Route 1A.
      395 Lynnway, Lynn, MA 01901
      View Details
    • Contact for pricing
      2,193 SF

      Retail Space on Lynnway

      Retail space with high traffic and convenient parking.
      391-415 Lynnway, Lynn, MA 01901
      View Details
    • Contact for pricing

      Retail Space Near Lynn Station

      715 SF retail space next to Lynn MBTA station.
      20 Mount Vernon St, Lynn, MA 01901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    50 Silsbee St
    Lynn, MA 01901-1411
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    50 Silsbee St, Lynn, MA, 01901

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!