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Property profile & analytics
OFF-MARKET
Estimated value
$23,885,000
Office buildings
6 Kimball Ln Lynnfield, MA 01940-2682
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0735172
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1999
Construction
STEEL FRAME
Total area
102,838 SF
Lot
8.08 ac (351,965 SF)
Zoning code
C
APN
LYNF M:0054 B:0000 L:0936
UPID
US38-0735172
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
by Request
Comparable Approach
Comparable
$24.64M
Blend (final)
Blend
$23.89M
Owner & transaction history
Cil Kimball LLC · 4 yrs held
Cil Kimball LLC
since 2022
Last sale
$1
7 recorded transactions
Zoning & alternative use
C · Lynnfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$35.5M
+67.2%
Apartment house (5+ units)
$32.9M
+54.9%
Auto repair, garage
$24.6M
+16.0%
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$21,235,000
Current use
RESTAURANT
$35,495,000
Change: +67% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$32,880,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$24,635,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$22,870,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$20,500,000
Change: -3% · Conversion: Easy
Blend value · Realmo final
$23.89M
Range $21.50M – $26.27M · ±10% · vs last sale $1 (Jan 6 2022)
Last sale anchor
$1
Jan 6 2022
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
$232 / 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
$337,334
Tax year 2024
Assessed value
$18,751,200
Assessed 2024
Previous assessed
$17,376,300
+7.9% YoY
Effective rate
1.80%
On assessed value
Assessed land
$4,081,400
Assessed improvement
$14,669,800
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
1
Bathrooms
8
Total area
102,838 SF
Lot
8.08 ac (351,965 SF)
Zoning code
C
APN
LYNF M:0054 B:0000 L:0936
UPID
US38-0735172
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
OFFICE BUILDING Current
Est. value
$21.2M
RESTAURANT
Est. value
$35.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$32.9M
AUTO REPAIR, GARAGE
Est. value
$24.6M
RETAIL STORES
Est. value
$22.9M
COMMERCIAL (GENERAL)
Est. value
$20.5M
OFFICE BUILDING Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
1
Bathrooms
8
Lot
8.08 ac
Current owner
From public records · entity-resolved
Cil Kimball LLC
Entity
Mailing address
42 MONUMENT ST, CONCORD, MA 01742-1847
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2022
—
Cil Kimball LLC
Cil Kimball LLC
Quit Claim Deed
related
$11,300,000 · Eastern Bank
Mar 28, 2019
$17,750,000
Cil Kimball LLC
Jrt Realty LLC
Quit Claim Deed
—
Apr 2, 2012
—
Jrt Realty LLC
—
Deed Of Trust
related
$13,050,000 · Guggenheim Life & Annuity Co
Apr 2, 2012
$1
Jrt Realty LLC
6 Kimball Realty LLC
Grant Deed
related
—
Oct 1, 2010
$1
6 Kimball Realty LLC
Jrt Realty LLC
Grant Deed
—
Oct 1, 2010
—
6 Kimball Realty LLC
—
Deed Of Trust
related
$10,200,000 · Danvers Savings Bank
Sep 25, 2000
—
Jrt Realty LLC
—
Deed Of Trust
related
$15,250,000 · Bear Stevens Funding
Jan 15, 1999
—
Jrt Realty LLC
—
Deed Of Trust
related
$10,400,000 · Freemont Investment & Loan
Dec 18, 1998
$925,000
Jrt Rlty LLC
Five Associates
Grant Deed
$925,000 · Zwi Kohorn
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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