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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Investment properties
647 Main St Shrewsbury, MA 01545-5661
Individually Owned
10-yr Hold
Property ID
US38-1404245
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1777
Total area
5,892 SF
Lot
0.81 ac (35,284 SF)
Zoning code
RB2
APN
SHRE M:22 B:064000
UPID
US38-1404245
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$820k
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$715k
Owner & transaction history
Anne T Keegan · 10 yrs held
Anne T Keegan
since 2016
7 recorded transactions
Zoning & alternative use
RB2 · Shrewsbury, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.1M
+71.3%
Retail stores
$925,000
+42.6%
Auto repair, garage
$905,000
+39.4%
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%
$885,000
6.5%
$820,000
7%
$760,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
RESTAURANT
$1,110,000
Change: +71% · Conversion: Difficult
RETAIL STORES
$925,000
Change: +43% · Conversion: Easy
AUTO REPAIR, GARAGE
$905,000
Change: +39% · Conversion: Difficult
OFFICE BUILDING
$800,000
Change: +24% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$745,000
Change: +15% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$705,000
Change: +9% · Conversion: Moderate
WAREHOUSE, STORAGE
$590,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±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
$121 / 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
$12,249
Tax year 2024
Assessed value
$989,400
Assessed 2024
Previous assessed
$866,600
+14.2% YoY
Effective rate
1.24%
On assessed value
Assessed land
$281,500
Assessed improvement
$707,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1777
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
8
Bathrooms
3
Total area
5,892 SF
Lot
0.81 ac (35,284 SF)
Zoning code
RB2
APN
SHRE M:22 B:064000
UPID
US38-1404245
Jurisdiction
SHREWSBURY
Zoning & alternative use
RB2 · Shrewsbury, MA
Zoning RB2 · permitted uses
RB2 · 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
COMMERCIAL (GENERAL) Current
Est. value
$650,000
RESTAURANT
Est. value
$1.1M
RETAIL STORES
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$905,000
OFFICE BUILDING
Est. value
$800,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$745,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$705,000
WAREHOUSE, STORAGE
Est. value
$590,000
COMMERCIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
WAREHOUSE, STORAGE
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
1777
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
8
Bathrooms
3
Lot
0.81 ac
Current owner
From public records · entity-resolved
Anne T Keegan
Individual
Mailing address
647 MAIN ST, SHREWSBURY, MA 01545-5661
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2016
—
Anne T Keegan
—
Deed
related
$143,000 · Central One FCU
Jul 10, 2013
—
Thomas F Keegan
—
Deed Of Trust
related
$225,500 · Bank Of America
Mar 25, 2009
—
Thomas F Keegan
—
Deed Of Trust
related
$238,000 · Countrywide Home Loans INC
Mar 28, 2006
—
Anne T Keegan
—
Deed Of Trust
related
$204,500 · Countrywide Home Loans INC
Mar 16, 2005
—
Anne T Keegan
—
Deed Of Trust
related
$165,850 · Northside Mortgage Group
Aug 30, 1988
—
Thomas F Keegan
—
Deed Of Trust
related
$70,000 · Bankboston Development Co LLC
Feb 25, 1988
—
Thomas F Keegan
—
Deed Of Trust
related
$30,000 · Bank Of Boston Norfolk
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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