Sign Up Successful!
You now have access to more from Realmo!
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

    376 Boston Tpke Shrewsbury, MA 01545-3850

    • Auto shops
    • 8,196 SF
    • 0.95 lot acres
    OFF-MARKET
    Last Sale
    Mar 20, 2025
    $5,500,000
    Value Estimations
    $5,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0552092
    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

    • Town Fair Tire / Tire Shop / Used Tire Shop

    Property Details for 376 Boston Tpke

    Year built
    1999
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.95 lot acres
    Property size
    8,196 SF
    Zone code
    CB
    Property type
    Auto shops
    APN
    SHRE M:33 B:061000
    APU
    SHREM33B061000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,690,000
      ML approach
      $4,740,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Shrewsbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7304
    Latitude
    42.2757
    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
    $11,880
    $367,600
    $592,000
    $959,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      144 Hartford Tpke

      AUTO REPAIR, GARAGE • 6,000 SF
      144 Hartford Tpke, Shrewsbury, MA 01545
      View Details
    • Value Estimation by Request
      7,360 SF

      542 Boston Tpke

      AUTO REPAIR, GARAGE • 7,360 SF
      542 Boston Tpke, Shrewsbury, MA 01545-5970
      View Details
    • Value Estimation by Request
      10,112 SF

      287 Grafton St

      AUTO REPAIR, GARAGE • 10,112 SF
      287 Grafton St, Shrewsbury, MA 01545-5405
      View Details
    • Value Estimation by Request
      6,628 SF

      753 Grafton St

      AUTO REPAIR, GARAGE • 6,628 SF
      753 Grafton St, Shrewsbury, MA 01545-4021
      View Details
    • Value Estimation
      $1,210,000
      22,234 SF

      315 Ss St

      AUTO REPAIR, GARAGE • 22,234 SF
      315 Ss St, Shrewsbury, MA 01545
      View Details
    • Value Estimation
      $900,000
      3,077 SF

      67 Boston Tpke

      AUTO REPAIR, GARAGE • 3,077 SF
      67 Boston Tpke, Shrewsbury, MA 01545-3602
      View Details

    Similar Nearby for Sale

    • $700,000

      Retail Property and Business Included

      Turnkey retail property and business for sale in Shrewsbury.
      117 Clinton St, Shrewsbury, MA 01545
      View Details
    • $12,500,000

      Shrewsbury Route 9 Development Opportunity

      25 acres of land with commercial and residential zoning.
      701 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • $525,000
      1,520 SF

      Shrewsbury Multifamily Property For Sale

      Multifamily property in Shrewsbury, MA, with 1520 square feet.
      45-45A Kinglet Dr, Shrewsbury, MA 01545
      View Details
    • $6,950,000
      36,900 SF

      Shrewsbury Flex Space - Route 9

      Class A industrial building, 36,900 SF, excellent location.
      910 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • $999,999

      Shrewsbury Multi-Family Opportunity

      Rare multi-family property with bonus unit in desirable Shrewsbury neighborhood.
      6 Selina St, Shrewsbury, MA 01545
      View Details
    • $729,900
      2,421 SF

      Shrewsbury Waterfront Office Building

      Lakefront Office, 8 Units, Great Location
      105 Hartford Tpke, Shrewsbury, MA 01545
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      80,000 SF

      Retail Space on Boston Turnpike

      Retail space available in Shrewsbury with high traffic count.
      539 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • Contact for pricing
      16,851 SF

      Worcester County Restaurant Space

      Prime Retail Location, Redevelopment Potential.
      7 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • $3,200 /Mo
      36,590 SF

      Commercial Space in Shrewsbury, MA

      New commercial space for lease in Shrewsbury, Massachusetts.
      34-36 Harrington Ave, Shrewsbury, MA 01545
      View Details
    • $15 SF/Yr
      720 SF

      Prime Commercial Space on Route 9

      High-visibility commercial spaces ideal for retail or office use.
      624 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • $25 SF/Yr
      3,600 SF

      Prime Cafe/Office Space Available

      Highly visible cafe or office space in Shrewsbury, MA.
      307 Grafton St, Shrewsbury, MA 01545
      View Details
    • Contact for pricing
      16,851 SF

      Shrewsbury Restaurant Space Available

      Prime location, 16,851 sq ft, fully vacant.
      7 Boston Tpke, Shrewsbury, MA 01545
      View Details

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      3.5k
    • Avg Time on site
      31 min
    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.
    376 Boston Tpke
    Shrewsbury, MA 01545-3850
    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.