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Property profile & analytics
OFF-MARKET
Estimated value
$685,000
Parking lots & garages
618th Boston St Lynn, MA 01905-2033
Trust Owned
6-yr Hold
Free & Clear
Property ID
US38-0102948
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1933
Construction
FRAME
Total area
1,392 SF
Lot
0.23 ac (10,042 SF)
Zoning code
BD
APN
LYNN M:021 B:285 L:004
UPID
US38-0102948
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
by Request
Blend (final)
Blend
$685k
Owner & transaction history
12 Pk Street RT Trust · 6 yrs held
12 Pk Street RT Trust
since 2020
Last sale
$5,000
3 recorded transactions
Zoning & alternative use
BD · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lynn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lynn 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$492 / 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
$5,346
Tax year 2024
Assessed value
$264,900
Assessed 2024
Previous assessed
$264,900
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$256,600
Assessed improvement
$8,300
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1933
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
1,392 SF
Lot
0.23 ac (10,042 SF)
Zoning code
BD
APN
LYNN M:021 B:285 L:004
UPID
US38-0102948
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Lynn, MAZoning BD · permitted uses
BD · Lynn, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1933
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
12 Pk Street RT Trust
Trust
Free & Clear · 6 yrs held
Mailing address
37 BELLEAIRE AVE, LYNN, MA 01904-2101
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2020
—
12 Pk Street RT Trust
Robert Stilian
Quit Claim Deed
related
—
Sep 18, 2002
$5,000
Rob Ant RT
Little River Lynn RT
Grant Deed
—
Nov 5, 2001
$125,000
Rob Ant RT
Little River Of Lynnrt
Grant Deed
$93,750 · Saugus Cp Bank
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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