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Property profile & analytics
OFF-MARKET
Office buildings
578 Boston Tpke, Shrewsbury, MA 01545-5421
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0147175
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1930
Construction
FRAME
Total area
2,386 SF
Lot
0.27 ac (11,761 SF)
Zoning code
LI
APN
SHRE M:34 B:039000
UPID
US38-0147175
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
-
Sumathi Narayanan Realty Real Estate Agency
-
Vivek Flowers (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sumathi Narayanan Real · 10 yrs held
Sumathi Narayanan Real
since 2015
7 recorded transactions
Zoning & alternative use
LI · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$5,559
Tax year 2024
Assessed value
$449,000
Assessed 2024
Previous assessed
$453,700
-1.0% YoY
Effective rate
1.24%
On assessed value
Assessed land
$211,800
Assessed improvement
$237,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
8
Bathrooms
2
Total area
2,386 SF
Lot
0.27 ac (11,761 SF)
Zoning code
LI
APN
SHRE M:34 B:039000
UPID
US38-0147175
Jurisdiction
SHREWSBURY
Zoning & alternative use
LI · Shrewsbury, MA
Zoning LI · permitted uses
LI · 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.
Building & site characteristics
From public records
Year built
1930
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
8
Bathrooms
2
Lot
0.27 ac
Current owner
From public records · entity-resolved
Sumathi Narayanan Real
Individual
Mailing address
578 BOSTON TPKE, SHREWSBURY, MA 01545-5421
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2015
$420,000
Sumathi Narayanan Real
Parent&parent INC
Quit Claim Arm's Length For Ne States
$336,000 · Leader Bank NA
May 21, 2010
$1
Parent & Parent INC
Parent,david G
Grant Deed
—
Feb 2, 2005
$450,000
David G Parent
Npr RT
Grant Deed
$350,000 · Nicholas Rioux
Sep 4, 1992
$121,500
N P R RT
Pace,john J
Grant Deed
$97,500 · Hudson National Bank
Mar 21, 1991
$164,061
Fdic
T&n RT
Grant Deed
—
Aug 10, 1990
$300,000
Cousinage INC
Town Of Shrewsbury
Grant Deed
—
Sep 22, 1989
—
T RT
—
Deed Of Trust
related
$400,000 · Heritage/nis Bkforsvg
Aug 15, 1989
—
T Shrew
—
Deed Of Trust
related
$100,000 · Zwi Kohorn
Nov 20, 1987
—
T & N Realty Trust
—
Deed Of Trust
related
$200,000 · Heritage/nis Bkforsvg
Mar 4, 1987
—
T & N Rlty Tr Of Shrew
—
Deed Of Trust
related
$200,000 · Home Natl Bk Of Milfd
Feb 9, 1987
—
Louis J Marcello
—
Deed Of Trust
related
$45,000 · Home Natl Bk Of Milfd
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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