Second-Floor Office
507 Broad Street 2ND FLOOR, Shrewsbury, NJ 07702
For Sale
Contact for pricing
B-1 zoning permits a range of professional and commercial uses.
Property Size6,962 SF
Price / SF$0.00
Days on Market428
Property Features for 507 Broad Street 2ND FLOOR
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Floor
Road Access
Amenities
two newer bathrooms
kitchen
central air
Building Details
Year Built
Listing Agency:
Resources Real Estate
Listed By:
Sahar I Karykous · License #1866222
(732) 212-0440
Source:
Defelicerealtygroup
Added: Sep 5, 2025
Changed: Nov 6
Last Checked: Nov 6 at 4:02PM
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 Resources Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 2,500-square-foot office suite occupies the second floor and features a flexible layout with natural light. The space includes two newer bathrooms, a kitchen and central air conditioning. B-1 zoning allows professional and commercial uses.
The property is on Route 35 beside The Grove, with Red Bank minutes away. Fort Monmouth’s redevelopment and the Netflix Studios campus are nearby.
The property is on Route 35 beside The Grove, with Red Bank minutes away. Fort Monmouth’s redevelopment and the Netflix Studios campus are nearby.
Key Highlights
- Approximately 2,500 SF on the second floor
- B‑1 zoning allows professional and commercial uses
- Two newer bathrooms, a kitchen and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,519
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,130,380
$2.1M
Cap Rate 7%
$1,521,700
$1.5M
Cap Rate 9%
$1,183,544
$1.2M
Market Conditions
NOI Build-Up for 6,962 SF
Gross rent
$208.9K $30.00/SF
− Vacancy
−$66.8K −$9.60/SF
EGI
$142.0K $20.40/SF
− OpEx
−$35.5K −$5.10/SF
NOI
$106.5K $15.30/SF
Area
Monmouth County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,130,380
Cap Rate 7%
$1,521,700
Cap Rate 9%
$1,183,544
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.78M
NOI $106,519 @ 7.0% cap · market cap 484,177.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,254 @ 7.0% cap · market cap 578,427.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
Explore this area
Business Placement
Demographics for 07702, NJ
4,184
Population
1,526
Households
2.7
Avg Household Size
47
Median Age
65%
College-Educated
96%
High-School Grad
2.2 sq mi
ZIP Area
1,902
Density / Sq Mi
$144,500
Median Household Income
$80,694
Median Earnings
$3,300
Median Rent
$735,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Monmouth County, NJ
Properties on Market for Office Units in Monmouth County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - B-1 zoning permits a range of professional and commercial uses.
Where is this office unit located?
The property is located at 507 Broad Street 2ND FLOOR Shrewsbury, NJ.
What are key features of this property?
This property features: Approximately 2,500 SF on the second floor; B‑1 zoning allows professional and commercial uses; Two newer bathrooms, a kitchen and central air
