Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Shrewsbury St Holden, MA 01520

    • Industrial properties
    • 20,718 SF
    • 31.73 lot acres
    OFF-MARKET
    Value Estimations
    $1,840,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1180226
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 2 Shrewsbury St

    Year built
    1962
    Construction
    FRAME
    Lot size
    31.73 lot acres
    Property size
    20,718 SF
    Zone code
    R20
    Property type
    Industrial properties
    APN
    HOLD M:176 B:13
    APU
    HOLDM176B13

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,205,000
      Market price range: $373k - $1.21M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,660,000
      Current use
      OFFICE BUILDING
      $2,815,000
      Change: +70% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,615,000
      Change: +58% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,485,000
      Change: +50% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,280,000
      Change: +38% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Holden
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.835
    Latitude
    42.3397
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $49,882
    $758,800
    $2,766,400
    $3,525,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $6,710,000
      98,741 SF

      110-112 Industrial Dr

      INDUSTRIAL (GENERAL) • 98,741 SF
      110-112 Industrial Dr, Holden, MA 01520
      View Details
    • Value Estimation
      $830,000
      10,374 SF

      450-454 Main St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 10,374 SF
      450-454 Main St, Holden, MA 01520
      View Details
    • Value Estimation by Request
      3,744 SF

      6 Holt Rd

      INDUSTRIAL (GENERAL) • 3,744 SF
      6 Holt Rd, Holden, MA 01520
      View Details
    • Value Estimation by Request
      1,670 SF

      412 Shrewsbury St

      INDUSTRIAL (GENERAL) • 1,670 SF
      412 Shrewsbury St, Holden, MA 01520
      View Details
    • Value Estimation
      $700,000
      7,080 SF

      789 Wachusett St

      INDUSTRIAL (GENERAL) • 7,080 SF
      789 Wachusett St, Holden, MA 01520-6518
      View Details
    • Value Estimation by Request
      2,052 SF

      Wachusett St

      R&D FACILITY, LABS, PHARMA • 2,052 SF
      Wachusett St, Holden, MA 01520
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,700 SF

      Holden Redevelopment Opportunity

      Versatile property with redevelopment potential in a high-income area.
      945 Main St, Holden, MA 01520
      View Details
    • $995,000
      2,196 SF

      Holden Retail Opportunity For Sale

      Retail property on 1.64 acres in Holden, Massachusetts.
      160 Shrewsbury St, Holden, MA 01520
      View Details
    • Contact for pricing
      44,834 SF

      Sunnyside Motors Portfolio in Holden

      Eight-parcel portfolio with six buildings on 8.42 acres.
      944 Main St, Holden, MA 01520
      View Details
    • Contact for pricing
      5,015 SF

      Renovated Office Building For Sale

      Recently renovated multi-tenanted office building with expansion potential in Holden.
      1161 Main St, Holden, MA 01520
      View Details
    • Contact for pricing
      4,000 SF

      Restaurant Property on Main Street

      4,000 SF restaurant with 125 seats and full bar.
      1062 Main St, Holden, MA 01520
      View Details
    • $675,000
      1,820 SF

      Established Auto Shop on Main

      Three-bay auto repair and inspection shop on heavily trafficked road.
      525 Main St, Holden, MA 01520
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,000 SF

      Holden Flex Space For Lease

      Flex space available for lease near I-190 and downtown.
      5 Shrewsbury St, Holden, MA 01520
      View Details
    • Contact for pricing
      900 SF

      Holden Office Suites For Lease

      Mixed-use property with office suites available for lease.
      697 Main St, Holden, MA 01520
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2 Shrewsbury St
    Holden, MA 01520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!