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Property profile & analytics
OFF-MARKET
Estimated value
$1,415,000
Retail space
507 Boston Tpke Shrewsbury, MA 01545-5976
Individually Owned
31-yr Hold
~
Est. High Equity
Property ID
US38-1004984
Property summary
AI-generated overview
This exceptional retail property, located at 507 Boston Turnpike Road, offers 1,440 to 2,880 square feet of versatile space ideal for automotive-related businesses. The single-story building features three convenient drive-in doors, ensuring easy access for vehicles and equipment. The property includes town sewer and boasts a functional spray booth, perfect for various automotive applications. Electrical service is provided by a robust 3-phase 120/208V, 225-amp system. Adding to its practicality, 1,000 square feet of basement storage is available, providing ample room for inventory or tools. The property's prime location on Route 9, at a well-lit intersection, guarantees high visibility and accessibility for customers. This space is particularly well-suited for businesses such as auto glass repair, detailing services, window tinting, or spray-on bedliner installations. The flexible floor plan and ample amenities make this an attractive opportunity for entrepreneurs seeking a well-equipped and strategically located commercial space. The property is available for immediate occupancy. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,800 SF
Lot
1.56 ac (67,954 SF)
Zoning code
CB
APN
SHRE M:33 B:308000
UPID
US38-1004984
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Meineke Car Care Center Auto Repair Shop
-
Dent'n Scratch Auto Repair Shop
-
Protection Plus LLC Car Wash
-
ScrubaDub Car Wash Car Wash
-
Valvoline Instant Oil Change Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.55M
Blend (final)
Blend
$1.42M
Owner & transaction history
Kris RT · 31 yrs held
Kris RT
since 1994
4 recorded transactions
Zoning & alternative use
CB · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+20.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shrewsbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shrewsbury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,695,000
Current use
RESTAURANT
$2,035,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,655,000
Change: -2% · Conversion: Difficult
OFFICE BUILDING
$1,470,000
Change: -13% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,365,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$1.42M
Range $1.27M – $1.56M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$131 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$19,387
Tax year 2024
Assessed value
$1,566,000
Assessed 2024
Previous assessed
$1,592,600
-1.7% YoY
Effective rate
1.24%
On assessed value
Assessed land
$462,300
Assessed improvement
$1,103,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Bathrooms
2
Total area
10,800 SF
Lot
1.56 ac (67,954 SF)
Zoning code
CB
APN
SHRE M:33 B:308000
UPID
US38-1004984
Jurisdiction
SHREWSBURY
Zoning & alternative use
CB · Shrewsbury, MA
Zoning CB · permitted uses
CB · Shrewsbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Shrewsbury. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
RESTAURANT
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Bathrooms
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
Kris RT
Individual
Mailing address
507 BOSTON TPKE, SHREWSBURY, MA 01545-5976
Ownership since
1994
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 1996
—
Lake Street RT
—
Deed Of Trust
related
$3,262,500 · Fleet National Bank
Jan 19, 1995
—
Kris RT
—
Deed Of Trust
related
$433,000 · Worc Business Devcorp
Dec 20, 1994
$1,000,000
Kris RT
Lake Street RT
Grant Deed
$525,000 · Commerce Bank & Trust
Dec 20, 1994
—
Kris RT
—
Deed Of Trust
related
$420,000 · Commerce Bank & Trust
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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