Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1030-1040 Broad Street Shrewsbury, NJ 07702

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent, walking distance to amenities.

    Type:Office
    Added:
    Nov 22, 2025
    Days on Market:
    158
    Last Refresh:
    Apr 5 at 8:34 pm

    Property Features for 1030-1040 Broad Street

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 1030-1040 Broad Street Contact us

    We can help!

    Listing Contact
    Suzanne Macnow
    Suzanne Macnow

    Listing agent Suzanne Macnow

    Listing office CBRE | East Brunswick

    Listing date Nov 22, 2025

    Source Cbre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE | East Brunswick

    Overview

    Office Space Near Amenities

    This office space is available for rent and is located within walking distance of various amenities.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Shrewsbury
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0595
    Latitude
    40.3253

    Nearby Similar for Lease

    • $1,650/Mo

      Renovated Office Space For Rent

      Recently renovated office space with shared amenities in Shrewsbury Boro.
      630 Broad Street, Shrewsbury Boro, NJ 07702
      View Details
    • $1,500/Mo

      Shrewsbury Boro Office Space

      Second-floor office space in Shrewsbury Boro's business district.
      691 Broad Street, Shrewsbury Boro, NJ 07702
      View Details
    • $1,450/Mo

      Renovated Office Space For Rent

      Recently renovated office space with shared amenities in Shrewsbury Boro.
      630 Broad Street unit: G, Shrewsbury Boro, NJ 07702
      View Details
    • $1,600/Mo

      Renovated Office Space For Rent

      Recently renovated office space with shared amenities in Shrewsbury Boro.
      630 Broad Street, Shrewsbury Boro, NJ 07702
      View Details
    • $22 SF/Yr

      Shrewsbury Boro Commercial Space Available

      Prime commercial space near upcoming Netflix studio in Fort Monmouth.
      507 Broad Street, Shrewsbury Boro, NJ 07702
      View Details
    • Contact for pricing

      Shrewsbury Boro Medical/Professional Office

      1600 sq ft office space in Shrewsbury Boro, NJ.
      59 Avenue At The Common, Shrewsbury Boro, NJ 07702
      View Details
    • $1,500/Mo

      Renovated Office Building Space

      Second floor office space in renovated building near local amenities.
      630 Broad Street #G, Shrewsbury Boro, NJ 07702
      View Details
    • $2,000/Mo

      Renovated Office Space For Rent

      First-floor office space with shared amenities in renovated building.
      630 Broad Street #C, Shrewsbury Boro, NJ 07702
      View Details
    • $1,800/Mo

      Renovated Office Building with Amenities

      Recently renovated office building with shared amenities and convenient location.
      630 Broad Street #D, Shrewsbury Boro, NJ 07702
      View Details
    • $3,500/Mo

      Renovated Office Space in Shrewsbury

      Professional office space in high-traffic Shrewsbury location, shared amenities.
      630 Broad Street #C/D, Shrewsbury Boro, NJ 07702
      View Details
    • Contact for pricing

      Shrewsbury Boro Loft Office Suites

      Loft office suites available for lease in Shrewsbury Boro, NJ.
      35 Haddon Avenue, Shrewsbury Boro, NJ 07702
      View Details
    • Contact for pricing

      Shrewsbury Office Space For Rent

      Office space available in Shrewsbury, New Jersey.
      1030 Broad St, Shrewsbury, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent, walking distance to amenities.
    Where is this office units located?
    The property is located at 1030-1040 Broad Street Shrewsbury, NJ.
    What are key features of this property?
    This property features: Walking distance to all amenities
    (732) 509-8927
    We can help!
    Listing Contact
    Suzanne Macnow
    Suzanne Macnow
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!