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    Property profile & analytics

    555 Essex St Lynn, MA 01902-3945

    • Grocery and convenience stores
    • 64,413 SF
    • 11.76 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jul 28, 2023
    $22,535,000
    Location Intelligence
    Property ID
    US38-1445491
    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.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 555 Essex St

    Year built
    1992
    Construction
    STEEL FRAME
    Lot size
    11.76 lot acres
    Property size
    64,413 SF
    Zone code
    B3
    Property type
    Grocery and convenience stores
    APN
    SWAM M:0017 B:0009 L:0
    APU
    SWAMM0017B0009L0

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lynn
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9064
    Latitude
    42.4834
    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
    $406,631
    $13,269,800
    $5,883,800
    $19,153,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      24,161 SF

      22nd Adams St Ext

      RETAIL STORES (PERSONAL SERVICES) • 24,161 SF
      22nd Adams St Ext, Lynn, MA 01902-2633
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    • Value Estimation by Request
      9,256 SF

      441 Chatham St, Unit 447

      SHOW ROOM, WAREHOUSE • 9,256 SF
      441 Chatham St, Lynn, MA 01902-2139
      View Details
    • Value Estimation
      $330,000
      760 SF

      107 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 760 SF
      107 Washington St, Lynn, MA 01902-4703
      View Details
    • Value Estimation
      $300,000
      0.05 Acres

      Aubrey Ter

      SHOW ROOM, WAREHOUSE • 0.05 Acres
      Aubrey Ter, Lynn, MA 01902
      View Details
    • Value Estimation
      $310,000
      3,669 SF

      153 Blossom St

      SHOW ROOM, WAREHOUSE • 3,669 SF
      153 Blossom St, Lynn, MA 01902-4547
      View Details
    • Value Estimation
      $210,000
      1,300 SF

      155 Chestnut St

      RETAIL STORES (PERSONAL SERVICES) • 1,300 SF
      155 Chestnut St, Lynn, MA 01902-2914
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Renovated Commercial Unit For Sale

      Spacious, renovated commercial unit on high-traffic street, suitable for retail.
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    • $875,000
      1,248 SF

      Downtown Lynn Commercial Building

      Commercial building in high-traffic downtown location with multiple uses.
      287 Essex St, Lynn, MA 01902
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    • $489,000
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      Retail Property in Lynn, MA

      Retail property with 1,317 square feet of space.
      326 Chatham St, Lynn, MA 01902
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    • $48,000

      Turnkey Coffee Shop Prime Location

      Fully equipped coffee shop in high-traffic area, ready to operate.
      541 Chestnut St, Lynn, MA 01902
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      Established Restaurant in High-Traffic Area

      Turnkey Greek pizza and sub shop with loyal clientele.
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      Commercial Building in Downtown Lynn

      High-traffic corner location with multiple uses and income potential.
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    Similar Nearby for Lease

    • Contact for pricing
      548 SF

      New Retail & Restaurant Space

      New construction retail and restaurant spaces available for immediate occupancy.
      75 Baldwin St, Lynn, MA 01902
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    • Contact for pricing
      8,000 SF

      Retail Property in Lynn, MA

      8,000 sqft retail space available for lease.
      15 Joyce St, Lynn, MA 01902
      View Details
    • $2,995 /Mo

      Corner Retail Space in Lynn

      Bright corner retail space with parking at busy intersection.
      184 Lewis St, Lynn, MA 01902
      View Details
    • $1,800 /Mo

      Renovated Commercial Space For Rent

      Newly renovated commercial space suitable for retail, office, or salon.
      431-433 Chatham 1, Lynn, MA 01902
      View Details
    • $635,000

      Commercial Building in Downtown Lynn

      Commercial building suitable for restaurant, cafe, or retail use.
      61 Franklin St, Lynn, MA 01902
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    • $2,695 /Mo

      Mixed-Use Property with Ocean Views

      Mixed-use property featuring office space and residential unit with ocean views.
      87-89 Lynnway, Lynn, MA 01902
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    555 Essex St
    Lynn, MA 01902-3945
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    Realmo Value Estimation

    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.

    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.

    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
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