Property profile

659 Summer St Lynn, MA 01905

OFF-MARKET
Warehouses
Property ID
US38-0692031
14,480 SF 0.35 ac lot Built 1920
Individually Owned 34-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1920
Construction STEEL FRAME
Total area 14,480 SF
Lot 0.35 ac (15,221 SF)
Zoning code LI
APN LYNN M:020 B:285 L:051
UPID US38-0692031

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility

Location

659 Summer St Lynn, MA 01905-2002
Lynn metro Census 205800 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$470k
CAP Approach CAP
by Request
Comparable Approach Comparable
$406k
Blend (final) Blend
$470k

Owner & transaction history

since 1992
1 recorded transaction
1992
Price N/A

Zoning & alternative use

LI · Lynn, MA
Zoning description

The intent of this zone is to promote light industrial uses.

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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