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    Property profile & analytics

    697 Hartford Tpke Shrewsbury, MA 01545-4103

    • Manufacturing properties
    • 34,724 SF
    • 3.29 lot acres
    OFF-MARKET
    Value Estimation
    $3,830,000
    Last Sale
    Nov 28, 2023
    $4,300,000
    Location Intelligence
    Property ID
    US38-1784054
    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

    • Harvey Remodeling LLC / General Contractor / Kitchen Remodeler
    • Thomas Rothwell Spa / Spa
    • Sound Sensation / Car Stereo Store
    • Intoxalock Ignition Interlock / Safety Equipment Supplier / Auto Electrical Service
    • Elite Academy of Dance / Gym

    Property Details for 697 Hartford Tpke

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    3.29 lot acres
    Property size
    34,724 SF
    Zone code
    LI
    Property type
    Manufacturing properties
    APN
    SHRE M:42 B:023000
    APU
    SHREM42B023000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,775,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,225,000
      6.5%
      $4,465,000
      7%
      $4,580,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,740,000
      Geo Method
      $3,730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,780,000
      Retail
      $4,310,000
      Mixed-Use
      $4,400,000
      Hospitality
      $5,025,000
      Educational
      $3,890,000
      Residential Income
      $5,010,000
      Energy
      $4,020,000
      Income-Based Land
      $4,330,000
      Food Service
      $3,680,000

    Location Insight

    • Map
    • Local Demand
    City
    Shrewsbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6906
    Latitude
    42.2673
    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
    $19,732
    $311,000
    $1,282,900
    $1,593,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      25,000 SF

      904 Boston Tpke

      MANUFACTURING (LIGHT) • 25,000 SF
      904 Boston Tpke, Shrewsbury, MA 01545-3303
      View Details
    • Value Estimation by Request
      1,758 SF

      116 Hartford Tpke

      MANUFACTURING (LIGHT) • 1,758 SF
      116 Hartford Tpke, Shrewsbury, MA 01545-4627
      View Details
    • Value Estimation by Request
      7,200 SF

      625 Lk St

      MANUFACTURING (LIGHT) • 7,200 SF
      625 Lk St, Shrewsbury, MA 01545
      View Details
    • Value Estimation by Request
      20,961 SF

      5 Industrial Dr

      MANUFACTURING (LIGHT) • 20,961 SF
      5 Industrial Dr, Shrewsbury, MA 01545-5835
      View Details
    • Value Estimation by Request
      682,000 SF

      333 South St

      Manufacturing properties • 682,000 SF
      333 South St, Shrewsbury, MA 01545
      View Details
    • Value Estimation by Request
      26,400 SF

      820 Boston Tpke

      MANUFACTURING (LIGHT) • 26,400 SF
      820 Boston Tpke, Shrewsbury, MA 01545-3301
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail space available in a prominent shopping center.
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      Retail space available in Shrewsbury with high traffic count.
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    • $28 SF/Yr
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    • Contact for pricing
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      Prime Retail Location, Redevelopment Potential.
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    • $3,200 /Mo
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      Commercial Space in Shrewsbury, MA

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      View Details
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    697 Hartford Tpke
    Shrewsbury, MA 01545-4103
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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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