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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Day care centers
553 Salem St, Lynnfield, MA 01940-2330
Entity Owned
9-yr Hold
Free & Clear
Property ID
US38-0035147
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2013
Construction
FRAME
Total area
7,200 SF
Lot
0.66 ac (28,872 SF)
Zoning code
RB
APN
LYNF M:0051 B:0000 L:2147
UPID
US38-0035147
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
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$610k
Blend (final)
Blend
$510k
Owner & transaction history
Btl Too555 Salem LLC · 9 yrs held
Btl Too555 Salem LLC
since 2016
7 recorded transactions
Zoning & alternative use
RB · Lynnfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$690,000
+5.4%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$655,000
Current use
INDUSTRIAL (GENERAL)
$690,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±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
$71 / 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
$14,291
Tax year 2024
Assessed value
$1,359,800
Assessed 2024
Previous assessed
$1,169,700
+16.3% YoY
Effective rate
1.05%
On assessed value
Assessed land
$495,300
Assessed improvement
$864,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
6
Bathrooms
1
Total area
7,200 SF
Lot
0.66 ac (28,872 SF)
Zoning code
RB
APN
LYNF M:0051 B:0000 L:2147
UPID
US38-0035147
Jurisdiction
LYNNFIELD
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RB · Lynnfield, MA
Zoning RB · permitted uses
RB · 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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$655,000
INDUSTRIAL (GENERAL)
Est. value
$690,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
INDUSTRIAL (GENERAL)
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
2013
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
6
Bathrooms
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Btl Too555 Salem LLC
Entity
Free & Clear · 9 yrs held
Mailing address
553 SALEM ST, LYNNFIELD, MA 01940-2330
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Oct 17, 2016
—
Btl Too555 Salem LLC
Lauziere,robin
Quit Claim Deed
related
—
Apr 17, 2013
$349,000
Robin Lauziere
Fnma
Warranty Deed
—
Jun 7, 2012
$425,504
Fnma
Leavit,jeffrey R
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Oct 27, 2004
$449,900
Jeffrey R Leavitt
Devereaux-raymond,elaine
Grant Deed
$359,920 · Washington Mutual Bank
Dec 24, 2002
—
Elaine D Raymond
—
Deed Of Trust
related
$10,000 · Savings Bank
Sep 14, 2001
$335,000
E Devereaux-raymond
Prasad,sunil K
Grant Deed
$135,000 · East Boston Savings Bank
Apr 30, 1999
—
Suni K Prasad
—
Deed Of Trust
related
$100,000 · William K Fraser
Dec 22, 1998
$142,000
Sunil K Prasad
Woodland,george K
Grant Deed
—
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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