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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Office buildings
2 Maple Ave, Shrewsbury, MA 01545-2906
Entity Owned
~
Est. High Equity
Property ID
US38-0923167
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1956
Construction
FRAME
Total area
2,565 SF
Lot
0.14 ac (6,098 SF)
Zoning code
LB
APN
SHRE M:22 B:138000
UPID
US38-0923167
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
Current use
Occupant on record · Public records
-
Coldwell Banker Realty - Shrewsbury Real Estate Agency
-
Jackie Cohen - Coldwell Banker Residential Brokerage Real Estate Agency
-
Mary Roughan - Senior Loan Officer Loan Service Bank
-
Coldwell Banker Residential Brokerage - Shrewsbury Real Estate Agency
-
Homes with Heather Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
$765k
Comparable Approach
Comparable
$442k
Blend (final)
Blend
$600k
Owner & transaction history
Castinetti Properties LLC
Castinetti Properties LLC
since 2025
Last sale
$575,000
3 recorded transactions
Zoning & alternative use
LB · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$400,000
+15.4%
Auto repair, garage
$395,000
+12.8%
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
$750,000
CAP Approach
CAP Return
Estimation
6%
$830,000
6.5%
$765,000
7%
$710,000
Alternative Use
Use
Estimation
RETAIL STORES
$400,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$395,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $575k (Oct 21 2020)
Last sale anchor
$575k
Oct 21 2020
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
$234 / 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
$6,579
Tax year 2024
Assessed value
$531,400
Assessed 2024
Previous assessed
$536,200
-0.9% YoY
Effective rate
1.24%
On assessed value
Assessed land
$153,400
Assessed improvement
$378,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1956
Construction
FRAME
Heating
STEAM
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
4
Bathrooms
2
Total area
2,565 SF
Lot
0.14 ac (6,098 SF)
Zoning code
LB
APN
SHRE M:22 B:138000
UPID
US38-0923167
Jurisdiction
SHREWSBURY
Zoning & alternative use
LB · Shrewsbury, MA
Zoning LB · permitted uses
LB · 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
RETAIL STORES
Est. value
$400,000
AUTO REPAIR, GARAGE
Est. value
$395,000
RETAIL STORES
AUTO REPAIR, GARAGE
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
1956
Construction
FRAME
Heating
STEAM
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
4
Bathrooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Castinetti Properties LLC
Entity
Mailing address
7 HOLMAN HTS CIR, SHREWSBURY, MA 01545-2366
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2025
$750,000
Castinetti Properties LLC
Slay Realty LLC
Deed
$500,000 · Cranberry Lighthouse
Oct 21, 2020
$575,000
Slay Realty LLC
2 Maple Avenue LLC
Quit Claim Arm's Length For Ne States
$287,500 · Leader Bank NA
Nov 25, 2014
—
2 Maple Ave LLC
Mathieu,paula L
Quit Claim Deed
related
—
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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