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    274 Walnut St Shrewsbury, MA 01545

    Sponsored
    For Lease
    $28 SF/Yr ($14,933 /Mo)

    Modern, single-tenant office suite.

    Lot size:
    6,400 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,700-square-foot medical office space is situated in a brand-new, single-story building (6,400 total square feet) constructed in 2022 at 274 Walnut Street, Shrewsbury, MA 01545. The property is ideally located in the heart of Shrewsbury and offers a modern, efficient workspace perfect for healthcare professionals. The building features ample parking, and the suite is adaptable for both medical and non-medical office uses. The space is currently vacant and ready for immediate occupancy. The property's APN is 36-015000. Estimated annual operating expenses are $31.77 per square foot in the first year, increasing to $32.47 per square foot in the second year, reflecting a 2.5% annual base year escalation. This includes estimated taxes of $2.22 per square foot and CAM charges of $1.55 per square foot. These figures are estimates for 2024 and may be subject to change. The property offers a single-tenant occupancy opportunity in a prime Shrewsbury location. The building's design and location make it an attractive option for businesses seeking a modern and functional workspace.

    Property Features for 274 Walnut St

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,400 SF
    Total Rate
    14933.33

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,700 SF
    Rate per SF
    $28

    HighLights

    • 2,700 SF medical office space available for lease in a brand‑new, 6,400 SF single‑story building at 274 Walnut Street, Shrewsbury, MA 01545 (APN 36‑015000).
    • Landlord will build‑to‑suit with a 7- or 10‑year lease, including sub‑floor plumbing and electrical.
    • Prime Shrewsbury location with high visibility and easy access to Routes 9 and 20.
    • Modern design with flexible floor plan suitable for various medical practices.
    • Bright, airy interiors designed for optimal workflow and patient comfort.
    • Space can be built out to include exam rooms, treatment areas, and private offices.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dulong Nicholas DVM Veterinarian Putnam Veterinary Clinic Veterinarian V Care Dental ... Dental Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Shrewsbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.677324014611
    Latitude
    42.280421417965

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    FAQs

    What type of property is this?
    Medical office - Modern, single-tenant office suite.
    Where is this medical office located?
    The property is located at 274 Walnut St Shrewsbury, MA.
    What is the lease rate?
    The lease rate is $28 SF/Yr.
    What are key features of this property?
    This property features: 2,700 SF medical office space available for lease in a brand-new, 6,400 SF single-story building at 274 Walnut Street, Shrewsbury, MA 01545 (APN 36-015000).; Landlord will build-to-suit with a 7- or 10-year lease, including sub-floor plumbing and electrical.; Prime Shrewsbury location with high visibility and easy access to Routes 9 and 20.
    Request Owner's contact information
    274 Walnut St Shrewsbury, MA 01545
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    Shrewsbury, MA 01545
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    274 Walnut St Shrewsbury, MA 01545
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