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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Specialty properties
8 Silsbee St 18, Lynn, MA 01901-1404
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US38-0610107
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1890
Construction
STEEL FRAME
Total area
37,062 SF
Lot
0.55 ac (24,084 SF)
Zoning code
CBD
APN
LYNN M:082 B:613 L:010
UPID
US38-0610107
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
-
Conversations for Caring Training Center
-
Meals On Wheels Charitable Organization Social Service Agency
-
Greater Lynn Senior Services, Inc. (GLSS) Charitable Organization Social Service Agency
-
north region ltss partnership Community Health Centre
-
Catholic Charities Lynn Food Pantry Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$880k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.44M
Owner & transaction history
Lynn Senior Sv Greater · 25 yrs held
Lynn Senior Sv Greater
since 2000
7 recorded transactions
Zoning & alternative use
CBD · Lynn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$880,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±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
$39 / 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
Assessed value
$3,263,600
Assessed 2024
Previous assessed
$3,263,600
+0.0% YoY
Assessed land
$362,900
Assessed improvement
$2,900,700
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1890
Construction
STEEL FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
37,062 SF
Lot
0.55 ac (24,084 SF)
Zoning code
CBD
APN
LYNN M:082 B:613 L:010
UPID
US38-0610107
Jurisdiction
LYNN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CBD · Lynn, MA
Zoning CBD · permitted uses
CBD · 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.
Building & site characteristics
From public records
Year built
1890
Construction
STEEL FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Lynn Senior Sv Greater
Individual
Mailing address
8 SILSBEE ST, LYNN, MA 01901-1404
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2024
—
Greater Lynn Senior Svcs
—
Deed
related
$1,500,000 · Rockland Trust Co
Mar 9, 2017
—
Greater Lynn Senior Sv
—
Deed
related
$4,500,000 · East Boston Savings Bank
Oct 22, 2010
—
Grtr Lynn SR Svcs INC
—
Deed Of Trust
related
$4,000,000 · Century Bank & Trust Co
Dec 21, 2007
—
Grtr Lynn Senior Svcs INC
—
Deed Of Trust
related
$650,000 · Salem Five Cents Savings Bank
Nov 29, 2006
—
Greater Lynn SR Svcs INC
—
Deed Of Trust
related
$2,000,000 · Salem Five Cents Savings Bank
Dec 15, 2000
$400,000
Lynn Senior Sv Greater
Angelo Scangas Fam Nt
Grant Deed
$450,000 · Gary Needham
—
—
Greater Lynn Senior Svcs
—
Deed Of Trust
related
$1,600,000 · Private Individual
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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