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Property profile & analytics
OFF-MARKET
Estimated value
$2,690,000
Residential income homes
69 Cmn St, Lynn, MA 01902-4312
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1411941
Property profile
Verified
Property type
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Year built
1905
Construction
FRAME
Total area
10,980 SF
Lot
0.15 ac (6,710 SF)
Zoning code
R5
APN
LYNN M:053 B:722 L:028
UPID
US38-1411941
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
Current use
Occupant on record · Public records
-
Kensington House Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.91M
CAP Approach
CAP
$2.95M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.69M
Owner & transaction history
North Shr Commons LLC · 5 yrs held
North Shr Commons LLC
since 2020
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
R5 · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.8M
+8.0%
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 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
Method
Estimation
Statistic approach
$2,830,000
ML approach
$2,905,000
CAP Approach
CAP Return
Estimation
6%
$3,195,000
6.5%
$2,950,000
7%
$2,740,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,510,000
Current use
RESTAURANT
$3,790,000
Change: +8% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,970,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$2.69M
Range $2.42M – $2.96M · ±10% · vs last sale $2.20M (Jul 10 2020)
Last sale anchor
$2.20M
Jul 10 2020
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
$245 / 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
$28,808
Tax year 2024
Assessed value
$2,735,800
Assessed 2024
Previous assessed
$2,735,800
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$960,000
Assessed improvement
$1,775,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Residential income homes
Use group
BOARDING/ROOMING HOUSE
Status
Off-Market
Year built
1905
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
48
Rooms
50
Bathrooms
9
Total area
10,980 SF
Lot
0.15 ac (6,710 SF)
Zoning code
R5
APN
LYNN M:053 B:722 L:028
UPID
US38-1411941
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R5 · Lynn, MA
Zoning R5 · permitted uses
R5 · Lynn, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lynn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.5M
RESTAURANT
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
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
1905
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
48
Rooms
50
Bathrooms
9
Lot
0.15 ac
Current owner
From public records · entity-resolved
North Shr Commons LLC
Entity
Mailing address
111 EVERETT AVE, CHELSEA, MA 02150-2385
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2022
—
North Shore Commons LLC
—
Deed
related
$4,650,000 · Everett Cooperative Bank
Jun 14, 2022
—
North Shore Commons LLC
—
Deed
related
$3,000,000 · Walpole Cooperative Bank
Aug 18, 2021
—
North Shore Commons LLC
—
Deed
related
$1,710,000 · East Boston Savings Bank
Jul 10, 2020
$2,200,000
North Shr Commons LLC
Z Anthony
Quit Claim Deed
$5,000,000 · New Boston Capital Corp
Oct 24, 1989
—
Anthony Z RT
—
Deed Of Trust
related
$34,000 · Zuckerman Family Nomi
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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