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    Industrial Distribution Facility with Drive-In Door Title is generated by Realmo AI

    297 Polito Drive, Shrewsbury, MA 01545

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    For Lease
    $12 SF/Yr $10,208/Mo (calc)

    Drive-in loading and 18-foot clear height support warehousing and distribution operations.

    Type:Industrial
    Property size:
    9,800 SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 2:25 am

    Property Features for 297 Polito Drive

    General Information

    Standard status
    Active
    Size
    9,800 SF
    Property subtype
    Industrial

    Spaces For Lease

    at 297 Polito Drive Contact us

    We can help!

    Listing Contact
    Jay Umphrey

    Listing agent Jay Umphrey License #MA #9577875

    Listing office

    Listing date Jun 4, 2026

    Source Kelleher-sadowsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Jay Umphrey

    HighLights

    • ±9,800 SF industrial facility for lease along Route 20 in Shrewsbury, MA
    • Access to I‑90 (Mass Pike), Route 9, I‑290, and I‑495 for transportation convenience
    • Approx. 18‑foot clear ceiling height for warehousing and distribution operations
    • 14‑foot clear drive‑in door plus two loading docks for efficient loading and workflow
    • Functional layout designed to support warehouse and operational uses for industrial tenants
    • Ample on‑site parking and outdoor circulation areas for fleet vehicles, equipment, and employee parking

    Overview

    297 Hartford Turnpike is a 9,800-square-foot industrial facility built for practical loading and operational flexibility. The building includes approximately 18-foot clear ceiling heights, a 14-foot clear drive-in door, and two loading docks to support day-to-day movement of freight and equipment. Its functional warehouse-and-operations layout is well suited to a range of industrial users seeking dependable space for warehousing, distribution, and related activities.

    Located in Shrewsbury, Massachusetts along Route 20, the property offers strong regional connectivity. Access to Interstate 90 (Mass Pike), Route 9, I-290, and I-495 supports efficient travel for employees, deliveries, and service operations across MetroWest and Central Massachusetts. The site also provides ample on-site parking and outdoor circulation areas, which can be helpful for businesses that handle fleet vehicles or outdoor staging.

    For tenants, this is a straightforward option when you need an industrial building with multiple loading points and meaningful clear height for storage and handling. The combination of drive-in capability, dock service, and sufficient exterior space supports a variety of industrial and contractor-related uses, including warehousing and distribution, light manufacturing, and service operations that benefit from efficient in-and-out workflow.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Building Supply Gym & Fitness Center Pharmacy Auto Repair Shop Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shrewsbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7174534
    Latitude
    42.2509919

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    FAQs

    What type of property is this?
    Warehouse - Drive-in loading and 18-foot clear height support warehousing and distribution operations.
    Where is this warehouse located?
    The property is located at 297 Polito Drive Shrewsbury, MA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: ±9,800 SF industrial facility for lease along Route 20 in Shrewsbury, MA; Access to I‑90 (Mass Pike), Route 9, I‑290, and I‑495 for transportation convenience; Approx. 18‑foot clear ceiling height for warehousing and distribution operations
    We can help!
    Listing Contact
    Jay Umphrey
    Real Estate License ID: MA #9577875
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    297 Polito Drive, Shrewsbury, MA 01545
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