New search
Property profile & analytics
OFF-MARKET
Estimated value
$935,000
Office Spaces
274 Walnut St 1, Shrewsbury, MA 01545-3318
Entity Owned
Absentee Owner
Free & Clear
Property ID
US38-0299002
Property summary
AI-generated overview
This exceptional 2,700-square-foot medical office space is situated in a brand-new, single-story building (6,400 total square feet) constructed in 2022 at 274 Walnut Street, Shrewsbury, MA 01545. The property is ideally located in the heart of Shrewsbury and offers a modern, efficient workspace perfect for healthcare professionals. The building features ample parking, and the suite is adaptable for both medical and non-medical office uses. The space is currently vacant and ready for immediate occupancy. The property's APN is 36-015000. Estimated annual operating expenses are $31.77 per square foot in the first year, increasing to $32.47 per square foot in the second year, reflecting a 2.5% annual base year escalation. This includes estimated taxes of $2.22 per square foot and CAM charges of $1.55 per square foot. These figures are estimates for 2024 and may be subject to change. The property offers a single-tenant occupancy opportunity in a prime Shrewsbury location. The building's design and location make it an attractive option for businesses seeking a modern and functional workspace.
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
2022
Construction
STEEL FRAME
Total area
6,400 SF
Zoning code
CB
APN
SHRE M:36 B:015000 L:1A
UPID
US38-0299002
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
-
Dulong Nicholas DVM Veterinary Clinic
-
Putnam Veterinary Clinic Veterinary Clinic
-
V Care Dental Wellness Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$935k
Owner & transaction history
SUNSHINES DIVIHASRI LLC
SUNSHINES DIVIHASRI LLC
Zoning & alternative use
CB · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+38.7%
Retail stores
$1.0M
+15.4%
Auto repair, garage
$980,000
+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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$870,000
Current use
RESTAURANT
$1,205,000
Change: +39% · Conversion: Moderate
RETAIL STORES
$1,005,000
Change: +15% · Conversion: Moderate
AUTO REPAIR, GARAGE
$980,000
Change: +13% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$810,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$770,000
Change: -12% · Conversion: Easy
COMMERCIAL (GENERAL)
$705,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$935k
Range $842k – $1.03M · ±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
$146 / 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
$11,554
Tax year 2024
Assessed value
$933,300
Assessed 2024
Previous assessed
$933,300
+0.0% YoY
Effective rate
1.24%
On assessed value
Assessed improvement
$933,300
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 Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
17
Total area
6,400 SF
Zoning code
CB
APN
SHRE M:36 B:015000 L:1A
UPID
US38-0299002
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
OFFICE BUILDING Current
Est. value
$870,000
RESTAURANT
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
AUTO REPAIR, GARAGE
Est. value
$980,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$810,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$705,000
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
17
Current owner
From public records · entity-resolved
SUNSHINES DIVIHASRI LLC
Entity
Free & Clear · 0 yrs held
Mailing address
14 SETON DR, SHREWSBURY, MA 01545-5467
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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 274 Walnut St, Unit 1?
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.
