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Property profile & analytics
OFF-MARKET
Estimated value
$6,540,000
Residential income homes
55 Salem St Lynnfield, MA 01940-2621
Individually Owned
22-yr Hold
Property ID
US38-1507264
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
2004
Construction
FRAME
Total area
25,864 SF
Lot
3.07 ac (133,564 SF)
Zoning code
C
APN
LYNF M:0054 B:0000 L:0356
UPID
US38-1507264
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
by Request
CAP Approach
CAP
$6.05M
Comparable Approach
Comparable
$6.11M
Blend (final)
Blend
$6.54M
Owner & transaction history
Sunrise Lynnfield Senior · 22 yrs held
Sunrise Lynnfield Senior
since 2004
7 recorded transactions
Zoning & alternative use
C · Lynnfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.9M
+8.0%
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 Lynnfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynnfield 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,555,000
6.5%
$6,050,000
7%
$5,620,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,270,000
Current use
RESTAURANT
$8,925,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$6.54M
Range $5.89M – $7.19M · ±10%
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
$253 / 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
$107,766
Tax year 2024
Assessed value
$10,253,700
Assessed 2024
Previous assessed
$9,375,400
+9.4% YoY
Effective rate
1.05%
On assessed value
Assessed land
$6,320,000
Assessed improvement
$3,933,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
79
Rooms
79
Bathrooms
85
Total area
25,864 SF
Lot
3.07 ac (133,564 SF)
Zoning code
C
APN
LYNF M:0054 B:0000 L:0356
UPID
US38-1507264
Jurisdiction
LYNNFIELD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
C · Lynnfield, MA
Zoning C · permitted uses
C · Lynnfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynnfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.3M
RESTAURANT
Est. value
$8.9M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
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
2004
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
79
Rooms
79
Bathrooms
85
Lot
3.07 ac
Current owner
From public records · entity-resolved
Sunrise Lynnfield Senior
Individual
Mailing address
7902 WESTPARK DRT900, MCLEAN, VA 22102-4202
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2007
—
Sunrise Lynnfield Lt SR.
—
Deed Of Trust
related
$78,000,000 · Prudential Insurance Co
Oct 1, 2004
—
Sunrise Lynnfield Senior
—
Deed Of Trust
related
$13,933,347 · Wells Fargo Mortgage
Jun 28, 2004
$1,075,000
Sunrise Lynnfield Senior
55 Salem St Lynnfield RT
Grant Deed
—
Aug 28, 1992
—
55 Salem St. Lynfld RT
—
Deed Of Trust
related
$325,000 · Kernwood At Lynnfield
Aug 26, 1992
$625,000
55 Salem St. Lynf RT
Five Associates
Grant Deed
$325,000 · Zuckerman Family Nomi
Aug 26, 1992
—
55 Salem St. Lynf RT
—
Deed Of Trust
related
$250,000 · Zenon Grzybowski
Jul 20, 1992
—
Lynnfield Assoc INC
—
Deed Of Trust
related
$300,000 · Shawmut Bank Of Boston
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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