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Financial
Distress signals
Property profile

723 Summer St Lynn, MA 01905

FOR SALE
Other investment properties
Property ID
US38-1713640
19,473 SF 0.25 ac lot Built 1873
Last sale Mar 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 723–727 Summer St in Lynn, Massachusetts is a mixed-use building totaling approximately 19,473 square feet, situated in a Light Industrial zoning district. The structure includes multiple income-producing and flex spaces historically arranged to support a range of uses, including automotive-related, retail, a boxing gym, a roofing company, and storage, along with a one-bedroom apartment. A vacant 6,000+ square foot owner’s suite is part of the building. The building has three…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2024$909k
Assessed land$300k
Assessed improvement$609k

Value estimate

· Oct 2026
$590k
$531k – $649k
Submarket $/SF estimate$756k
NOI build-up
Gross scheduled income$315k
Vacancy & credit loss−$19k
Operating expenses−$104k
NOI · 12.89% cap applied$193k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$99/SF
ZIP average, outlier-cleaned · 23 recorded sales of this use type
Observed band · Q1–Q3$39 – $163
Qualifying comparables8

Cap rate analysis

How does the asset earn?
12.89%
$193k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI
The intent of this zone is to promote light industrial uses.
General categoryINDUSTRIAL
JurisdictionLYNN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm27.7
Realty agency25.9
Dental Office18.7

Location

723 Summer St Lynn, MA 01905
County assessor Recorded deeds · 4 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
679-681 Western, Lynn, MA 01905 $1,525,000 Oct 2024 8,569 SF
189 Cmn, Lynn, MA 01905-2547 $600,000 Sep 2022 19,184 SF
353rd Summer, Lynn, MA 01905-2916 $750,000 Sep 2022 7,824 SF
70 Commercial, Lynn, MA 01905-2936 $670,000 Aug 2022 7,362 SF
21st Market, Lynn, MA 01905-2420 $1,730,000 Jun 2022 8,618 SF
595 Summer, Lynn, MA 01905-2011 $520,000 Jul 2021 4,886 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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