Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    391 Shrewsbury St Worcester, MA 01604-1632

    • Investment properties
    • 0.12 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Last Sale
    Oct 05, 2021
    $410,000
    Location Intelligence
    Property ID
    US38-0829430
    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

    • Elhouri mobile Cell Phone & Computer Repair Shop / Mobile Phone Repair Shop / Cell Phone Accessory Store

    Property Details for 391 Shrewsbury St

    Lot size
    0.12 lot acres
    Zone code
    MG-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WORC M:16 B:022 L:00019
    APU
    WORCM16B022L00019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $380,000

    • CAP approach

      CAP return
      Estimation
      6%
      $415,000
      6.5%
      $390,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $430,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $380,000
      Retail
      $375,000
      Mixed-Use
      $365,000
      Hospitality
      $380,000
      Educational
      $370,000
      Residential Income
      $415,000
      Energy
      $480,000
      Income-Based Land
      $450,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7751
    Latitude
    42.2709
    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
    $0.00
    $133,000
    $361,200
    $494,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,703 SF

      50 Hamilton St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,703 SF
      50 Hamilton St, Worcester, MA 01604-2204
      View Details
    • Value Estimation by Request
      9,141 SF

      3 Hamilton St

      OFFICE/RESIDENTIAL (MIXED USE) • 9,141 SF
      3 Hamilton St, Worcester, MA 01604-2235
      View Details
    • Value Estimation by Request
      12,268 SF

      50 Lk Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 12,268 SF
      50 Lk Ave, Worcester, MA 01604-1168
      View Details
    • Value Estimation by Request
      3,196 SF

      18 Waite St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,196 SF
      18 Waite St, Worcester, MA 01604-2808
      View Details
    • Value Estimation by Request
      1.99 Acres

      200 Massasoit Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1.99 Acres
      200 Massasoit Rd, Worcester, MA 01604-3447
      View Details
    • Value Estimation
      $1,255,000
      7,049 SF

      81 Hamilton St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,049 SF
      81 Hamilton St, Worcester, MA 01604-2213
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Four-Unit Mixed-Use Property

      Well-maintained mixed-use property with retail space and apartments.
      340 Hamilton St, Worcester, MA 01604
      View Details
    • $2,490,000

      Mixed-Use Investment Opportunity

      Three-unit mixed-use property in a high-visibility location.
      162 Harding St, Worcester, MA 01604
      View Details
    • $900,000

      Leased Mixed-Use Building For Sale

      Two-unit mixed-use building in desirable location, fully leased.
      399 Shrewsbury St, Worcester, MA 01604
      View Details
    • $1,999,999

      Turn-Key Mixed-Use Investment Property

      Nine-unit mixed-use property with residential and commercial spaces for sale.
      312 Grafton St, Worcester, MA 01604
      View Details
    • $2,490,000

      Turnkey Mixed-Use Investment Opportunity

      Fully renovated, leased mixed-use property with restaurant and apartments.
      50 Water St, Worcester, MA 01604
      View Details
    • $1,600,000

      Shrewsbury Street Multifamily Development Opportunity

      Permitted 24-unit multifamily with commercial space in prime location.
      393-397 Shrewsbury St, Worcester, MA 01604
      View Details

    Similar Nearby for Lease

    • $1.20 SF/Yr
      2,075 SF

      Worcester Retail Space Available

      High-traffic location, 2075 sq ft.
      5 Massasoit Rd Worcester, MA 01604, Worcester, MA 01604
      View Details
    • $3,500 /Mo
      871 SF

      Worcester Public Market Retail Space

      Retail space with full kitchen and bar in Worcester Market.
      152 Green St, Worcester, MA 01604
      View Details
    • $3,500 /Mo

      Worcester Public Market Kitchen & Bar

      Rare opportunity in high-traffic Worcester Public Market.
      160 Green St, Worcester, MA 01604
      View Details
    • $35 SF/Yr
      113,926 SF

      Worcester Retail Space: Cove Development

      Prime 2,000 sq ft retail space in vibrant Canal District.
      89 Green St, Worcester, MA 01604
      View Details
    • $18 SF/Yr
      3,348 SF

      Worcester Eastside Commercial Space Available

      Two-story commercial space for lease in Worcester's eastside.
      130 Hamilton St, Worcester, MA 01604
      View Details
    • Contact for pricing
      4,000 SF

      Retail/Office Space For Rent

      Retail and office spaces available in Worcester, Massachusetts.
      490 Shrewsbury St, Worcester, MA 01604
      View Details
    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.
    391 Shrewsbury St
    Worcester, MA 01604-1632
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.