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    507 Broad St Unit, Unit 2ND Shrewsbury, NJ 07702

    New
    For Lease
    $22 SF/Yr ($12,763 /Mo)

    COMMERCIAL - Shrewsbury Boro, NJ

    Property size:
    6,962 SF
    Lot size:
    0.40 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 507 Broad St Unit

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    44-00037-0000-00002
    Parking
    8
    Parking features
    Assigned, On Street, Off Street
    Basement
    Full
    Size
    6,962 SF
    Lot size
    0.40 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1952
    Floors in Building
    2
    Building materials
    Stucco
    Roof type
    Asphalt

    Resources Real Estate (732) 212-0440 [email protected]

    Listing agent Sahar I Karykous (732) 212-0440

    Listing date Dec 1, 2025

    Copyright © 2025 Monmouth Ocean Regional Realtors and Monmouth Ocean Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Shrewsbury Boro Commercial Space For Lease

    Located on Broad Street (Highway 35) in Shrewsbury Boro, this 2,500+/- square foot 2nd-floor commercial space offers high visibility and accessibility, adjacent to The Grove Shopping Center. The property is situated minutes from Red Bank, with convenient access to the Red Bank NJ Transit station (1.5 miles) and Newark Liberty International Airport (41.4 miles). The surrounding area has a 2024 population of 11,738 within a 1-mile radius and a median household income of $109,959. Zoned B-1, the space is suitable for professional offices, medical practices, med spas, or general business operations. The space features large windows for natural light, two new bathrooms, and a kitchen. The property provides a parking ratio of 3.73/1,000 SF, which is 8 parking spots, with on-site and on-street parking available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Shrewsbury
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.06264
    Latitude
    40.334377

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    FAQs

    What type of property is this?
    Office space - High-visibility 2nd-floor space ideal for offices, medical practices, or general business.
    Where is this office space located?
    The property is located at 507 Broad St Unit, Unit 2ND Shrewsbury, NJ.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Prime location on Broad Street (Highway 35) next to The Grove Shopping Center, offering high visibility and traffic.; - Flexible B-1 zoning allows for a wide range of uses.; - Ample parking with a ratio of 3.73/1,000 SF (8 spots) plus on-street parking.
    (732) 212-0440
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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
    507 Broad St Unit, Unit 2ND Shrewsbury, NJ 07702
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