Property profile

151 Memorial Dr Shrewsbury, MA 01545

OFF-MARKET
Warehouses
Property ID
US38-0540337
12,000 SF 4.03 ac lot Built 1999
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1999
Construction STEEL FRAME
Total area 12,000 SF
Lot 4.03 ac (175,547 SF)
Zoning code LI
APN SHRE M:47 B:003033
UPID US38-0540337

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Supply Store
  • Laboratory
  • Industrial Manufacturer Production Facility
  • Gym & Fitness Center
  • (Bike/Boat/Book/etc) Store Printing Service

Location

151 Memorial Dr Shrewsbury, MA 01545-6204
Shrewsbury metro Census 739102 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.24M
Blend (final) Blend
$1.05M

Owner & transaction history

since 2020
4 recorded transactions
2020
Price N/A
2007
Price N/A
2000
Price N/A
1999
Price N/A

Zoning & alternative use

LI · Shrewsbury, MA
Top alternative use upside
Office building $1.6M +35.5%
Neighborhood: shopping center $1.5M +25.8%
Apartment house (5+ units) $1.4M +19.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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