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Property profile & analytics
OFF-MARKET
Estimated value
$8,260,000
Hospitals
151-155 Main St Shrewsbury, MA 01545
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-0916855
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2018
Construction
STEEL FRAME
Total area
40,733 SF
Lot
4.93 ac (214,751 SF)
Zoning code
RUB
APN
SHRE M:19 B:144000
UPID
US38-0916855
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
$8.77M
Comparable Approach
Comparable
$7.75M
Blend (final)
Blend
$8.26M
Owner & transaction history
Surabian Realty Co INC · 18 yrs held
Surabian Realty Co INC
since 2007
7 recorded transactions
Zoning & alternative use
RUB · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.0M
+19.5%
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 Shrewsbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shrewsbury 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%
$9,495,000
6.5%
$8,765,000
7%
$8,140,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,015,000
Current use
OFFICE BUILDING
$5,995,000
Change: +20% · Conversion: Easy
RESTAURANT
$4,970,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$8.26M
Range $7.43M – $9.09M · ±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
$203 / 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
Tax billed
$238,865
Tax year 2024
Assessed value
$19,294,400
Assessed 2024
Previous assessed
$19,328,800
-0.2% YoY
Effective rate
1.24%
On assessed value
Assessed land
$1,365,200
Assessed improvement
$17,929,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
22
Bathrooms
26
Total area
40,733 SF
Lot
4.93 ac (214,751 SF)
Zoning code
RUB
APN
SHRE M:19 B:144000
UPID
US38-0916855
Jurisdiction
SHREWSBURY
Zoning & alternative use
RUB · Shrewsbury, MA
Zoning RUB · permitted uses
RUB · Shrewsbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shrewsbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.0M
OFFICE BUILDING
Est. value
$6.0M
RESTAURANT
Est. value
$5.0M
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
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
2018
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
22
Bathrooms
26
Lot
4.93 ac
Current owner
From public records · entity-resolved
Surabian Realty Co INC
Entity
Mailing address
281 LINCOLN ST, WORCESTER, MA 01605-2138
Ownership since
2007
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
Aug 15, 2017
—
Quinsigamond Realty LLC
—
Deed
related
$19,000,000 · Santander Bk NA
Jul 31, 2007
$1,440,000
Surabian Realty Co INC
Jonaitis Lt
Grant Deed
—
Jul 31, 2007
—
Surabian Realty Co INC
—
Deed Of Trust
related
$1,390,000 · Hudson Savings Bank
Mar 3, 2006
$1
Jonaitis,bette C Tr
Jonaitis,bette C
Grant Deed
related
—
Aug 18, 1995
—
George Jonaitis JR.
—
Deed Of Trust
related
$100,000 · Shawmut Bank Of Boston
Aug 30, 1989
—
George Jonaitis JR.
—
Deed Of Trust
related
$100,000 · Peoples Bk Worcester
—
—
Quinsigamond Realty LLC
—
Deed Of Trust
related
$19,000,000 · Santander Bk NA
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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