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Property profile & analytics
OFF-MARKET
Estimated value
$5,915,000
Medical Office Space
604 Main St, Shrewsbury, MA 01545-5663
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-1836206
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
18,826 SF
Lot
1.9 ac (82,764 SF)
Zoning code
LB
APN
SHRE M:22 B:250000
UPID
US38-1836206
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
-
AAA Sealcoating General Contractor Construction Company
-
Chrystina Manero Physician
-
Umass Memorial Medical Group Medical Group
-
Dr. Richard N. Orino, MD Physician
-
Dr. Danuta F. Antkowiak, MD - Deceased Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.87M
CAP Approach
CAP
$4.05M
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$5.92M
Owner & transaction history
604 Mian Street Prop LLC · 3 yrs held
604 Mian Street Prop LLC
since 2022
Last sale
$6.0M
5 recorded transactions
Zoning & alternative use
LB · 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
Method
Estimation
Statistic approach
$5,790,000
ML approach
$5,865,000
CAP Approach
CAP Return
Estimation
6%
$4,390,000
6.5%
$4,050,000
7%
$3,760,000
Blend value · Realmo final
$5.92M
Range $5.32M – $6.51M · ±10% · vs last sale $6.00M (Jul 29 2022)
Last sale anchor
$6.00M
Jul 29 2022
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
$314 / 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
$70,618
Tax year 2024
Assessed value
$5,704,200
Assessed 2024
Previous assessed
$4,867,400
+17.2% YoY
Effective rate
1.24%
On assessed value
Assessed land
$555,900
Assessed improvement
$5,148,300
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
18,826 SF
Lot
1.9 ac (82,764 SF)
Zoning code
LB
APN
SHRE M:22 B:250000
UPID
US38-1836206
Jurisdiction
SHREWSBURY
Zoning & alternative use
LB · Shrewsbury, MA
Zoning LB · permitted uses
LB · 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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
1.9 ac
Current owner
From public records · entity-resolved
604 Mian Street Prop LLC
Entity
Mailing address
87 ELM ST #302, HOPKINTON, MA 01748-1638
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2022
$6,000,000
604 Mian Street Prop LLC
Dsn RT
Deed
$4,500,000 · Institution For Savings Newburyport
May 30, 2012
$4,500,000
Dsn RT
Rpi Shrewsbury Main Rl
Quit Claim Arm's Length For Ne States
$1,041,000 · Central One FCU
May 11, 2007
$3,200,000
Rpi Shre Main Realty LLC
Shrewsbury Main LLC
Grant Deed
$1,000,000 · Cambridge Savings Bank
Nov 5, 2004
—
Shrewsbury Main LLC
—
Deed Of Trust
related
$1,575,000 · Citizens Bank Of Ma
Oct 9, 1997
—
Shrewsbury Main LLC
—
Deed Of Trust
related
$1,120,000 · Nationsbank
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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