Renovated Office Unit with
298 Boston Turnpike # 6, Shrewsbury, MA 01545
For Sale
Contact for pricing
Second-floor office suite with elevator access, handicapped accessibility, and two available parking spaces.
Property Size470 SF
Price / SF$1.70
Days on Market283
Property Features for 298 Boston Turnpike # 6
General Information
Standard status
Size
Total Parking Spaces
Elevators
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Abandoned
Listing Agency:
Maria Smith Real Estate
(508) 845-9974
Listed By:
Maria M. Smith · License MA #453000258
(508) 847-9310
Source:
Churchillprop
Added: Feb 5
Changed: Oct 31
Last Checked: Nov 12 at 5:17AM
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 Maria Smith Real Estate
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Investment Insights
Based on property information with market context.
Office Suite 6 at 298 Boston Turnpike provides 470 square feet of renovated office space on the second floor. The suite is configured for professional office use and includes handicapped accessibility, with elevator service providing access to the upper level. The property dates to 1919 and sits on a level lot within the Lakeway Business District.
The location offers visibility along Route 9 East and places the office suite at 298 Boston Turnpike in Shrewsbury. Two parking spaces are available for the suite. Zoning is identified as com/bu.
The location offers visibility along Route 9 East and places the office suite at 298 Boston Turnpike in Shrewsbury. Two parking spaces are available for the suite. Zoning is identified as com/bu.
Key Highlights
- 470 SF office suite
- Renovated second‑floor office space
- Elevator access to the second floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,566
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,320
$171.3K
Cap Rate 7%
$122,371
$122.4K
Cap Rate 9%
$95,178
$95.2K
Market Conditions
NOI Build-Up for 470 SF
Gross rent
$14.1K $30.00/SF
− Vacancy
−$2.7K −$5.70/SF
EGI
$11.4K $24.30/SF
− OpEx
−$2.9K −$6.08/SF
NOI
$8.6K $18.23/SF
Area
Worcester County, MA
Vacancy
19.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,320
Cap Rate 7%
$122,371
Cap Rate 9%
$95,178
Alternative Uses
Best Use
Office B
$122.4K
$107.1K – $142.8K
NOI $8,566 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$160.5K
$140.4K – $187.3K
NOI $11,235 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
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Business Placement
Demographics for 01545, MA
38,316
Population
15,318
Households
2.5
Avg Household Size
41
Median Age
66%
College-Educated
96%
High-School Grad
20.8 sq mi
ZIP Area
1,842
Density / Sq Mi
$136,225
Median Household Income
$74,718
Median Earnings
$2,046
Median Rent
$555,500
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Worcester County, MA
Properties on Market for Office Units in Worcester County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suite with elevator access, handicapped accessibility, and two available parking spaces.
Where is this office unit located?
The property is located at 298 Boston Turnpike # 6 Shrewsbury, MA.
What are key features of this property?
This property features: 470 SF office suite; Renovated second‑floor office space; Elevator access to the second floor
