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    Property profile & analytics

    284 Boston Tpke Shrewsbury, MA 01545-2646

    • Investment properties
    • 3,320 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US38-1707382
    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

    • Matt's Shoes Inc / Shoe Store
    • Ike's Den / Bridal Shop
    • Duke's Collectibles / Collectibles Store

    Property Details for 284 Boston Tpke

    Year built
    1978
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    3,320 SF
    Zone code
    LB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SHRE M:32 B:505000
    APU
    SHREM32B505000

    Description

    This exceptional Shrewsbury business opportunity presents a newly renovated 1,000 square foot basement space available for lease at $1000 per month. Located on the highly visible Route 9 east, directly across from Hooters, this space benefits from exceptional foot and vehicle traffic. The unit, situated in a mixed-use building, offers convenient access via a first-floor lobby entrance or a rear building staircase. Recent renovations include new flooring and walls, as well as a completely updated bathroom, making it ideal for a variety of professional services. Previously occupied by Matt's Shoes for over two decades, this space boasts a proven track record of successful retail operations. The 0.11-acre lot provides ample visibility and accessibility. The property is perfect for a resale shop, beauty services (facials, waxing, or body services), or a service industry headquarters. A one-year lease is required. Don't miss this chance to establish your business in a prime Shrewsbury location with high traffic volume and excellent visibility.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Shrewsbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7386
    Latitude
    42.2753
    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
    $4,899
    $189,400
    $206,300
    $395,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      295 Grafton St

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      9 Gleason Rd

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      538 Hartford Tpke

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      538 Hartford Tpke, Shrewsbury, MA 01545-4048
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    • Value Estimation
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      2,645 SF

      524 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,645 SF
      524 Main St, Shrewsbury, MA 01545-2253
      View Details

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    Shrewsbury, MA 01545-2646
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    Realmo Value Estimation

    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.

    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.

    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
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