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    Property profile & analytics
    OFF-MARKET Estimated value $4,855,000
    Manufacturing properties

    910 Boston Tpke, Shrewsbury, MA 01545-3396

    37,800 SF 3.79 ac lot Built 1985
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US38-1848444
    Property summary
    AI-generated overview

    This exceptional Class A flex/industrial property, located at 910 Boston Turnpike in Shrewsbury, Massachusetts, offers 36,900 square feet of versatile space on a 3.79-acre lot. The single-story building boasts 15-foot ceilings and 10 loading docks, providing ample functionality for a variety of industrial and flex uses. Currently, 16,900 square feet are leased to three tenants, generating stable cash flow. A significant 20,000 square feet of contiguous, high-quality space is immediately available for an owner-occupant or expansion. Strategically situated on Route 9's eastbound lane, this property enjoys exceptional visibility and accessibility. Its proximity to major roadways, including Routes 495, 290, 20, and the Mass Pike, ensures convenient transportation throughout the region. The property also benefits from abundant parking both in front and behind the building. The surrounding area demonstrates strong demographics, with a population of 453,999 within a 10-mile radius and an average household income of $154,699 within a 3-mile radius. Daily traffic counts exceed 50,000 vehicles. The property is conveniently located near major retailers such as Wegman's and Price Chopper. Furthermore, a substantial portion of the roof has recently been replaced with a 20-year warranty, while the remaining roof is in excellent condition with a 5-year warranty. This presents a compelling investment opportunity with significant upside potential. The asking price is $6,950,000. This property is ideal for businesses seeking a high-quality, well-located industrial or flex space in a thriving market.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1985
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 37,800 SF
    Lot 3.79 ac (165,092 SF)
    Zoning code LI
    APN SHRE M:36 B:031006
    UPID US38-1848444
    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
    • Up Up and Play Academy Daycare Center
    • Tangenx Technology Corporation Industrial Manufacturer Production Facility
    • Measurement Specialties Inc Medical Supply Store
    • Bay State Physical Therapy Medical Clinic
    • Pamela Powell Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $5.31M
    Comparable Approach Comparable
    $3.31M
    Blend (final) Blend
    $4.86M
    Owner & transaction history
    Hecht Shrewsbury LLC · 13 yrs held
    Hecht Shrewsbury LLC
    since 2013
    Last sale
    $5.4M
    7 recorded transactions
    2013
    $2.5M
    2012
    1992
    $1.1M
    1991
    1990
    $1.7M
    1988
    1969
    Zoning & alternative use
    LI · Shrewsbury, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $7.1M +135.6%
    Retail stores $5.9M +96.0%
    Auto repair, garage $5.8M +91.7%
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