Property profile

518-520 Chestnut St Lynn, MA 01904

OFF-MARKET
Office buildings
Property ID
US38-0325016
4,264 SF 0.09 ac lot Built 1890
Trust Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1890
Construction FRAME
Total area 4,264 SF
Lot 0.09 ac (4,026 SF)
Zoning code BD
APN LYNN M:085 B:251 L:011
UPID US38-0325016

Cap rate & NOI

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

Location

518-520 Chestnut St Lynn, MA 01904
Lynn metro Census 205200 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
$693k
Blend (final) Blend
$305k

Owner & transaction history

since 2016
2 recorded transactions
2016
Price N/A
1995
$160,000

Zoning & alternative use

BD · Lynn, MA
Top alternative use upside
Auto repair, garage $1.2M +29.7%
Retail stores $945,000 +6.0%

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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