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Financial
Distress signals
Property profile

297 Hartford Tpke Shrewsbury, MA 01545

FOR LEASE
Showrooms
Property ID
US38-1626130
8,796 SF 4.06 ac lot Built 1978
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

297 Hartford Turnpike (3 Polito Drive) is an approximately 19,800-square-foot industrial facility configured for warehouse and logistics uses. The building provides approximately 18-foot clear ceiling height, includes two drive-in doors and two loading docks for loading and operational flexibility. The property is located off Route 20 in Shrewsbury, Massachusetts, with access to Interstate 90 (Mass Pike), Route 9, Route 140, I-290, and I-495, and it is situated along a commercial corridor.…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$718k
Assessed land$326k
Assessed improvement$392k
Effective rate1.24%

Value estimate

· Oct 2026
$425k
$383k – $468k
AI approach$320k
NOI build-up
Gross scheduled income$152k
Vacancy & credit loss−$8k
Operating expenses−$43k
NOI · 803,328.00% cap applied$100k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?
$110/SF
County average, outlier-cleaned · 740 recorded sales of this use type
Observed band · Q1–Q3$63 – $171
Qualifying comparables9

Cap rate analysis

How does the asset earn?
803,328.00%
$100k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI
JurisdictionSHREWSBURY

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.5
Dental Office13.1
Law Firm11.9

Location

297 Hartford Tpke Shrewsbury, MA 01545
County assessor Recorded deeds · not on file 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
40 Grafton, Shrewsbury, MA 01545-5433 $530,000 Oct 2024 3,960 SF
288 Boston, Shrewsbury, MA 01545-2641 $750,000 Mar 2024 2,280 SF
557 Main, Shrewsbury, MA 01545-2917 $970,000 Sep 2022 3,636 SF
246 Boston, Shrewsbury, MA 01545-5266 $1,530,000 Jan 2021 9,744 SF
256 Boston, Shrewsbury, MA 01545-2638 $950,000 Jan 2021 2,639 SF
117 Clinton, Shrewsbury, MA 01545-1231 $145,000 Mar 2019 2,784 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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