New search
Property profile & analytics
OFF-MARKET
Estimated value
$14,915,000
Commercial real estate
193-195 Boston Tpke, Shrewsbury, MA 01545
Entity Owned
29-yr Hold
Absentee Owner
Free & Clear
Property ID
US38-0910555
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
111,857 SF
Lot
11.84 ac (515,750 SF)
Zoning code
CB
APN
SHRE M:32 B:095000
UPID
US38-0910555
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
$15.52M
Comparable Approach
Comparable
$16.95M
Blend (final)
Blend
$14.92M
Owner & transaction history
Cj&s INC · 29 yrs held
Cj&s INC
since 1996
7 recorded transactions
Zoning & alternative use
CB · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$21.1M
+71.3%
Retail stores
$17.6M
+42.6%
Auto repair, garage
$17.2M
+39.4%
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%
$16,815,000
6.5%
$15,520,000
7%
$14,410,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,310,000
Current use
RESTAURANT
$21,090,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$17,550,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$17,160,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$15,210,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$14,115,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,420,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$11,225,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$14.92M
Range $13.42M – $16.41M · ±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
$133 / 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
$270,726
Tax year 2024
Assessed value
$21,868,000
Assessed 2024
Previous assessed
$21,812,100
+0.3% YoY
Effective rate
1.24%
On assessed value
Assessed land
$8,611,600
Assessed improvement
$13,256,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
6
Stories
2
Units
4
Bathrooms
2
Total area
111,857 SF
Lot
11.84 ac (515,750 SF)
Zoning code
CB
APN
SHRE M:32 B:095000
UPID
US38-0910555
Jurisdiction
SHREWSBURY
Zoning & alternative use
CB · Shrewsbury, MA
Zoning CB · permitted uses
CB · 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
COMMERCIAL (GENERAL) Current
Est. value
$12.3M
RESTAURANT
Est. value
$21.1M
RETAIL STORES
Est. value
$17.6M
AUTO REPAIR, GARAGE
Est. value
$17.2M
OFFICE BUILDING
Est. value
$15.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.4M
WAREHOUSE, STORAGE
Est. value
$11.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Units
4
Bathrooms
2
Lot
11.84 ac
Current owner
From public records · entity-resolved
Cj&s INC
Entity
Free & Clear · 29 yrs held
Mailing address
405 COCHITUATE RD STE #302, FRAMINGHAM, MA 01701-4648
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1996
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
Nov 8, 2002
—
Cj&s INC
—
Deed Of Trust
related
$2,200,000 · Sping 19 INC
Jul 31, 2002
—
Spags Supply INC
—
Deed Of Trust
related
$4,200,000 · Bayview Fin'l Trading Group
Aug 25, 2000
—
Spags Supply INC
—
Deed Of Trust
related
$43,500,000 · Flagship Bank & Trust
Dec 9, 1996
$155,000
Cj&s INC
Spaggs Supply INC
Grant Deed
—
Dec 29, 1995
$155,000
Spags Supply INC
Cj&s INC
Grant Deed
—
Aug 10, 1990
$8,785,000
Hq Of Mass INC
Shrewsbury Vlg Dev Co
Grant Deed
—
—
—
Mca Lakeway Commons Owner
—
Deed Of Trust
related
$29,400,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 193-195 Boston Tpke?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
