Property profile

515 Washington St 525 Lynn, MA 01901

OFF-MARKET
Retail space
Property ID
US38-1113557
3,870 SF 0.11 ac lot Built 1920
Individually Owned 9-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Construction FRAME
Total area 3,870 SF
Lot 0.11 ac (4,759 SF)
Zoning code CBD
APN LYNN M:068 B:627 L:010
UPID US38-1113557

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

515 Washington St, Unit 525 Lynn, MA 01901-1306
Lynn metro Census 206800 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$335k

Owner & transaction history

since 2017
5 recorded transactions
2017
$460,000
2011
Price N/A
2005
Price N/A
1995
$48,000
1990
Price N/A

Zoning & alternative use

CBD · Lynn, MA
Top alternative use upside
Auto repair, garage $1.0M +22.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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