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    Property profile & analytics

    490 Shrewsbury St Worcester, MA 01604

    • Commercial real estate
    • 2.12 lot acres
    For Lease
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US38-1719835
    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

    • Corinthia Harris Oil Store / Oil Store
    • Cassie Rey Baby Store / Baby Store
    • Maria’s Beauty / Beautician
    • Worcester Divorce Mediation (formerly Parker Mediation) / Attorney

    Property Details for 490 Shrewsbury St

    Lot size
    2.12 lot acres
    Zone code
    ML10
    Property type
    Commercial real estate
    APN
    WORC M:16 B:026 L:0000A
    APU
    WORCM16B026L0000A

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Worcester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7725
    Latitude
    42.2732
    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
    2020
    $82,777
    $878,200
    $2,626,000
    $3,504,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      24,768 SF

      225 Shrewsbury St

      Restaurants • 24,768 SF
      225 Shrewsbury St, Worcester, MA 01604
      View Details
    • Value Estimation by Request
      18.28 Acres

      50 Cutoff

      COMMERCIAL (GENERAL) • 18.28 Acres
      50 Cutoff, Worcester, MA 01604-1534
      View Details
    • Value Estimation by Request
      0.92 Acres

      177 Cutoff

      COMMERCIAL (GENERAL) • 0.92 Acres
      177 Cutoff, Worcester, MA 01604-2709
      View Details
    • Value Estimation by Request
      3.24 Acres

      21 Eskow Rd

      COMMERCIAL (GENERAL) • 3.24 Acres
      21 Eskow Rd, Worcester, MA 01604-2746
      View Details
    • Value Estimation by Request
      0.64 Acres

      1000 Grafton St

      COMMERCIAL (GENERAL) • 0.64 Acres
      1000 Grafton St, Worcester, MA 01604-2034
      View Details
    • Value Estimation by Request
      0.64 Acres

      305 Shrewsbury St

      COMMERCIAL (GENERAL) • 0.64 Acres
      305 Shrewsbury St, Worcester, MA 01604-4645
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $3,500 /Mo
      871 SF

      Worcester Public Market Retail Space

      Retail space with full kitchen and bar in Worcester Market.
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    • $3,500 /Mo

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      Rare opportunity in high-traffic Worcester Public Market.
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      Worcester Executive Office Space

      Prime Worcester location, 25,533 sq ft available
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    • $1,500 /Mo
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      Versatile retail space in high-traffic Worcester location, ready for customization.
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    • Contact for pricing
      10,825 SF

      Medical Facility Near UMass Chan

      Medical office space available near UMass Chan Medical School.
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    • $25 SF/Yr

      Turn-Key Gym Space Available

      Fully built-out gym space in a fast-growing neighborhood.
      121 Water St, Worcester, MA 01604
      View Details

    Property Visit Statistics

    • Visits by month
      3.7k
    • Visitors by month
      3.4k
    • Avg Time on site
      16 min
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    Worcester, MA 01604
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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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