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Property profile & analytics
OFF-MARKET
Investment properties
621 Lynn St Revere, MA 02151-2016
Entity Owned
8-yr Hold
Free & Clear
Property ID
US38-0121811
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
3,080 SF
Lot
0.14 ac (6,316 SF)
Zoning code
RB
APN
REVE M:32 B:455 L:5
UPID
US38-0121811
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
by Request
Owner & transaction history
621 Lynn Street LLC · 8 yrs held
621 Lynn Street LLC
since 2018
4 recorded transactions
Zoning & alternative use
RB · Revere, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Overlay district of single-family homes within RB and RB1 districts. There is created in the city an overlay district of single-family homes within the RB and RB1 districts. Any lot within the RB and RB1 districts which has less than six thousand square feet and is located within the boundaries of the one hundred year flood plain as delineated on the Federal…
Zone name
Residence B
General category
RESIDENTIAL
Zone area
1,758.69 ac
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 Revere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Revere 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
—
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
Assessed value
$767,200
Assessed 2024
Previous assessed
$701,500
+9.4% YoY
Assessed land
$275,200
Assessed improvement
$492,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
3
Rooms
8
Bathrooms
2
Total area
3,080 SF
Lot
0.14 ac (6,316 SF)
Zoning code
RB
APN
REVE M:32 B:455 L:5
UPID
US38-0121811
Jurisdiction
REVERE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
RB · Revere, MAZoning RB · permitted uses
RB · Revere, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Overlay district of single-family homes within RB and RB1 districts. There is created in the city an overlay district of single-family homes within the RB and RB1 districts. Any lot within the RB and RB1 districts which has less than six thousand square feet and is located within the boundaries of the one hundred year flood plain as delineated on the Federal Emergency Management Agency (FEMA) flood insurance rate map (FIRM) for the city revised August 20, 2002 shall be limited to a single-family dwelling. ( C.O. 06-41
Zone name
Residence B
General category
RESIDENTIAL
Zone area
1,758.69 ac
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
3
Rooms
8
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
621 Lynn Street LLC
Entity
Free & Clear · 8 yrs held
Mailing address
20 JORDAN ST, REVERE, MA 02151-2009
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 7, 2018
—
621 Lynn Street LLC
Neil,craig
Quit Claim Deed
related
—
Oct 7, 1993
—
Jessie W Neil
—
Deed Of Trust
related
$95,000 · Broadway National Bank
May 4, 1992
—
Jesse W Neil
—
Deed Of Trust
related
$102,000 · Broadway National Bank
Jun 1, 1988
$140,000
Jesse W Neil
Whiteside,richard T
Grant Deed
$110,000 · Broadway National 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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