Financial
Distress signals
Property profile

340 Shrewsbury St Worcester, MA 01604

FOR LEASE
Manufacturing properties
Property ID
US38-1337006
3,648 SF 0.27 ac lot Built 1920
Last sale Apr 2020 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is located on Shrewsbury Street in Worcester, Massachusetts, in a retail-oriented neighborhood. It provides approximately 30 on-site parking spaces and is positioned with convenient access to Route 9 and I-290 as well as proximity to Worcester’s Central Business District. The building has historically been used as a retail printing shop and is configured for retail use. Nearby landmarks include the Worcester Art Museum, EcoTarium, and Institute Park.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$316k
Assessed land$93k
Assessed improvement$223k
Effective rate3.00%

Value estimate

· Sep 2026
$300k
$270k – $330k
AI approach$300k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$92/SF
Submarket average, outlier-cleaned · 28 recorded sales of this use type
Observed band · Q1–Q3$39 – $128
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BG-2
JurisdictionWORCESTER

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath11.1
Laundry Service10.3
Electrical Service10.0

Location

340 Shrewsbury St Worcester, MA 01604
County assessor Recorded deeds · 2 transfers 3 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

5 recorded sales · 14 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
290 Franklin, Worcester, MA 01604-4914 $13,500,000 Jan 2025 8,500 SF
50 Suffolk, Worcester, MA 01604-4091 $600,000 Jul 2024 21,803 SF
167 Cutoff, Worcester, MA 01604-2728 $1,250,000 Feb 2023 12,426 SF
1451 Grafton, Worcester, MA 01604-2718 $235,000 Jul 2022 29,254 SF
26 Plum, Worcester, MA 01604 $120,000 Jun 2019 6,010 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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