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Property profile & analytics
OFF-MARKET
Estimated value
$2,220,000
Investment properties
748 Washington St 776, Lynn, MA 01901-1803
Entity Owned
9-yr Hold
Property ID
US38-0578684
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1853
Construction
FRAME
Total area
15,459 SF
Lot
0.12 ac (5,133 SF)
Zoning code
R5
APN
LYNN M:081 B:588 L:019
UPID
US38-0578684
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
$2.22M
Owner & transaction history
776 Washington Street LLC · 9 yrs held
776 Washington Street LLC
since 2016
5 recorded transactions
Zoning & alternative use
R5 · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+56.4%
Office building
$3.2M
+47.5%
Industrial (general)
$2.5M
+15.7%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,190,000
Current use
RETAIL STORES
$3,420,000
Change: +56% · Conversion: Easy
OFFICE BUILDING
$3,225,000
Change: +47% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,530,000
Change: +16% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,175,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$2.22M
Range $2.00M – $2.44M · ±10%
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
$144 / 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 2017Property tax & assessments
Tax year 2017
Tax billed
$14,758
Tax year 2017
Assessed value
$3,693,800
Assessed 2024
Previous assessed
$3,693,800
+0.0% YoY
Effective rate
0.40%
On assessed value
Assessed land
$1,148,000
Assessed improvement
$2,545,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1853
Construction
FRAME
Heating
ELECTRIC
Cooling
YES
Buildings
1
Stories
3
Units
14
Rooms
38
Bathrooms
14
Total area
15,459 SF
Lot
0.12 ac (5,133 SF)
Zoning code
R5
APN
LYNN M:081 B:588 L:019
UPID
US38-0578684
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
COMMERCIAL (GENERAL) Current
Est. value
$2.2M
RETAIL STORES
Est. value
$3.4M
OFFICE BUILDING
Est. value
$3.2M
INDUSTRIAL (GENERAL)
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
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
1853
Construction
FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
3
Buildings
1
Units
14
Rooms
38
Bathrooms
14
Lot
0.12 ac
Current owner
From public records · entity-resolved
776 Washington Street LLC
Entity
Mailing address
223 UN ST, LYNN, MA 01901-1312
Ownership since
2016
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
Dec 7, 2021
—
776 Washington Street LLC
—
Deed
related
$2,745,000 · Winchester Savings Bank
Feb 14, 2017
—
776 Washington Street LLC
—
Deed
related
$1,750,000 · Community Dev Commission
Oct 20, 2016
$297,500
776 Washington Street LLC
Pappalardo Thomas J
Quit Claim Deed
—
Oct 20, 2016
—
776 Washington Street LLC
Collins,john M
Quit Claim Deed
related
—
—
—
776 Washington Street LLC
—
Deed Of Trust
related
$1,750,000 · Community Dev Commission
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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