Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    689 Main St Shrewsbury, MA 01545-3066
    Back to Search
    Property profile & analytics

    689 Main St, Shrewsbury, MA 01545-3066

    View on Map
    • Investment properties
    • 3,050 SF
    • 0.33 lot acres
    Off-Market
    Property ID
    US38-1201529
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Liberty Tax / Accounting Firm / Tax Preparation

    Property Details for 689 Main St

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.33 lot acres
    Zone code
    RB2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SHRE M:22 B:114000
    APU
    SHREM22B114000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 7, 2017 $350,000 Lakeway Realty LLC Denise M Ducimo Quit Claim Arm's Length For Ne States $262k · Winchester Cooperative Bank
    Apr 28, 2011 $1 Denise M Ducimo Ducimo,denise M Grant Deed · related —
    Oct 27, 2008 $400,000 Denise M Schwing Janette R Comeau Ret Grant Deed —
    Nov 9, 2007 $1 Janette R Comeau Ret Comeau,janette R Grant Deed —
    Sep 30, 1993 $80,000 Janette R Comeau Fourteen School St Co Grant Deed —
    May 26, 1993 $95,000 14 School St Corp Caliri,theresa Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Shrewsbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7055
    Latitude
    42.2965
    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
    $5,156
    $244,400
    $172,100
    $416,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,421 SF

      92 Lk St

      OFFICE/RESIDENTIAL (MIXED USE)
      92 Lk St, Shrewsbury, MA 01545-5939
      View Details
    • Value Estimation by Request
      9.30 Acres

      432 Lk St, Unit 438

      OFFICE/RESIDENTIAL (MIXED USE)
      432 Lk St, Shrewsbury, MA 01545-3958
      View Details
    • Value Estimation by Request
      3,032 SF

      50 Main Cir

      OFFICE/RESIDENTIAL (MIXED USE)
      50 Main Cir, Shrewsbury, MA 01545-3347
      View Details
    • Value Estimation by Request
      1.85 Acres

      149 Memorial Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      149 Memorial Dr, Shrewsbury, MA 01545-4030
      View Details
    • Value Estimation by Request
      1,555 SF

      137 Quinsigamond Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      137 Quinsigamond Ave, Shrewsbury, MA 01545-2162
      View Details
    • Value Estimation by Request
      4,629 SF

      263 Boston Tpke

      OFFICE/RESIDENTIAL (MIXED USE)
      263 Boston Tpke, Shrewsbury, MA 01545
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Corner Land Opportunity

      Up to 2 acres available on a high-traffic corner.
      957 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • Contact for pricing
      Pending

      Shrewsbury Multi-Family Opportunity

      Rare multi-family property with bonus unit in desirable Shrewsbury neighborhood.
      6 Selina St, Shrewsbury, MA 01545
      View Details
    • Contact for pricing

      Flex/Industrial Building For Sale

      37,900 SF Class A flex/industrial building in Shrewsbury, MA.
      910 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • $999,900
      0.26 Acres

      Shrewsbury Commercial Duo - Prime Location

      Two Turnkey Properties, High Visibility, Lease Potential
      Hartford Tpke, Shrewsbury, MA 01545
      View Details
    • Contact for pricing

      Prime Development Land on Route 9

      25 acres of mixed-use land with high visibility.
      701 Boston Tpke, Shrewsbury, MA 01545
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      16,851 SF

      Worcester County Restaurant Space

      Prime Retail Location, Redevelopment Potential.
      7 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • Contact for pricing

      Prime Commercial Land For Rent

      Commercial land on Route 9, ideal for retail/office.
      630 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • Contact for pricing

      Prime Redevelopment Opportunity in Shrewsbury

      16,851 SF property on 2.67 acres with redevelopment potential.
      7 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Highly visible space suitable for cafe or office use.
      307 Grafton St, Shrewsbury, MA 01545
      View Details
    • Contact for pricing
      12,417 SF

      Shrewsbury Multi-Use Building Space

      Versatile space ideal for various businesses in Shrewsbury, MA.
      910 Boston Tpke, Shrewsbury, MA 01545
      View Details
    • $12 SF/Yr

      Industrial Distribution Facility with Drive-In Door

      Drive-in loading and 18-foot clear height support warehousing and distribution operations.
      297 Polito Dr, Shrewsbury, MA 01545
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    689 Main St
    Shrewsbury, MA 01545-3066
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    689 Main St, Shrewsbury, MA, 01545
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!