Renovated Second-Floor Office
630 Broad Street #G, Shrewsbury, NJ 07702
For Sale
Contact for pricing
Tenants share a furnished conference room, guest waiting area, mailroom, and paved parking.
Property Size3,788 SF
Price / SF$0.38
Days on Market374
Property Features for 630 Broad Street #G
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Property Use
Amenities
large furnished shared conference room
shared sunroom
shared mailroom
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Boutique Realty, LLC
Listed By:
Lana Falcicchio · License #0446907
(201) 433-5500
Source:
Defelicerealtygroup
Added: Oct 29, 2025
Changed: Nov 6
Last Checked: Nov 6 at 3:29PM
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 Boutique Realty, LLC
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Investment Insights
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This second-floor office suite contains 176 square feet and features polished hardwood flooring. Shared building amenities include a furnished conference room, a first-floor sunroom used as a guest waiting area, and a mailroom for incoming and outgoing correspondence. The office building was renovated; its original construction dates to 1903.
A paved lot provides 25 parking spaces for tenant and customer use. The property is directly across from The Grove At Shrewsbury, with services, retail, and dining nearby. Utilities, landscaping, and snow removal are included.
A paved lot provides 25 parking spaces for tenant and customer use. The property is directly across from The Grove At Shrewsbury, with services, retail, and dining nearby. Utilities, landscaping, and snow removal are included.
Key Highlights
- 176‑square‑foot office suite on the second floor
- Renovated office building originally built in 1903
- Furnished shared conference room and first‑floor guest waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,956
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,159,120
$1.2M
Cap Rate 7%
$827,943
$827.9K
Cap Rate 9%
$643,956
$644.0K
Market Conditions
NOI Build-Up for 3,788 SF
Gross rent
$113.6K $30.00/SF
− Vacancy
−$36.4K −$9.60/SF
EGI
$77.3K $20.40/SF
− OpEx
−$19.3K −$5.10/SF
NOI
$58.0K $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%
$1,159,120
Cap Rate 7%
$827,943
Cap Rate 9%
$643,956
Alternative Uses
Best Use
Office B
$827.9K
$724.5K – $965.9K
NOI $57,956 @ 7.0% cap · market cap 3,996.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$989.1K
$865.5K – $1.15M
NOI $69,239 @ 7.0% cap · market cap 4,775.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
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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
$735,900
Median Home Value
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Market
Average Price Trend$/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 - Tenants share a furnished conference room, guest waiting area, mailroom, and paved parking.
Where is this office unit located?
The property is located at 630 Broad Street #G Shrewsbury, NJ.
What are key features of this property?
This property features: 176‑square‑foot office suite on the second floor; Renovated office building originally built in 1903; Furnished shared conference room and first‑floor guest waiting area
