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    Property profile & analytics

    557 Main St Shrewsbury, MA 01545-2917

    • Retail space
    • 3,636 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $1,035,000
    Last Sale
    Sep 23, 2022
    $970,000
    Location Intelligence
    Property ID
    US38-1613588
    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

    • Western Union / Money Order Service / Money Transfer Service
    • Jennifer Biernacki / Pharmacy
    • Neil Shailer / Pharmacy
    • Coinhub Bitcoin ATM Teller / Atm
    • Walgreens Pharmacy / Pharmacy

    Property Details for 557 Main St

    Year built
    1972
    Construction
    FRAME
    Lot size
    0.36 lot acres
    Property size
    3,636 SF
    Zone code
    LB
    Property type
    Retail space
    APN
    SHRE M:22 B:021000
    APU
    SHREM22B021000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,030,000
      6.5%
      $1,075,000
      7%
      $1,070,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $995,000
      Geo Method
      $995,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $990,000
      Retail
      $1,085,000
      Mixed-Use
      $1,020,000
      Hospitality
      $985,000
      Educational
      $970,000
      Residential Income
      $810,000
      Energy
      $1,005,000
      Income-Based Land
      $825,000
      Food Service
      $935,000

    Location Insight

    • Map
    • Local Demand
    City
    Shrewsbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7152
    Latitude
    42.2967
    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
    $6,847
    $226,300
    $326,800
    $553,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8,654 SF

      84 Boston Tpke

      RETAIL STORES (PERSONAL SERVICES) • 8,654 SF
      84 Boston Tpke, Shrewsbury, MA 01545-3601
      View Details
    • Value Estimation
      $785,000
      2,280 SF

      288 Boston Tpke

      RETAIL STORES (PERSONAL SERVICES) • 2,280 SF
      288 Boston Tpke, Shrewsbury, MA 01545-2641
      View Details
    • Value Estimation by Request
      15,520 SF

      900 Boston Tpke

      RETAIL STORES (PERSONAL SERVICES) • 15,520 SF
      900 Boston Tpke, Shrewsbury, MA 01545-3303
      View Details
    • Value Estimation by Request
      10,800 SF

      507 Boston Tpke

      RETAIL STORES (PERSONAL SERVICES) • 10,800 SF
      507 Boston Tpke, Shrewsbury, MA 01545-5976
      View Details
    • Value Estimation
      $260,000
      2,784 SF

      117 Clinton St

      RETAIL STORES (PERSONAL SERVICES) • 2,784 SF
      117 Clinton St, Shrewsbury, MA 01545-1231
      View Details
    • Value Estimation
      $405,000
      1,536 SF

      874 Hartford Tpke

      RETAIL STORES (PERSONAL SERVICES) • 1,536 SF
      874 Hartford Tpke, Shrewsbury, MA 01545-4107
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      New commercial space for lease in Shrewsbury, Massachusetts.
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    • Contact for pricing
      17,645 SF

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    • $15 SF/Yr
      7,500 SF

      Prime Commercial Space on Route 9

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    • Contact for pricing
      4,682 SF

      Grocery Anchored Shopping Center Space

      Retail space in a prominent, high-traffic shopping center.
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      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
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    557 Main St
    Shrewsbury, MA 01545-2917
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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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