Broad Street
691 Broad Street, Shrewsbury, NJ 07702
For Sale
Contact for pricing
A 1,500-square-foot storefront offers space for retail or professional use, with a rear parking lot.
Property Size1,500 SF
Price / SF$2.00
Days on Market85
Property Features for 691 Broad Street
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Bottone Realty Group Inc
Listed By:
Lara Krall · License #1542302
(732) 957-9300
Source:
Defelicerealtygroup
Added: Aug 14
Changed: Nov 6
Last Checked: Nov 6 at 2:16PM
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 Bottone Realty Group Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot storefront was built in 1903 and supports retail or professional use. The property also has a parking lot behind the building, and upstairs space is available for inquiry.
Situated on Broad Street in Shrewsbury Boro, the property offers a street-facing commercial presence. Annual and long-term lease arrangements are available.
Situated on Broad Street in Shrewsbury Boro, the property offers a street-facing commercial presence. Annual and long-term lease arrangements are available.
Key Highlights
- 1,500‑square‑foot storefront
- Suitable for retail or professional use
- Rear parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,410
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$30.6K $20.39/SF
− OpEx
−$9.2K −$6.12/SF
NOI
$21.4K $14.27/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Retail
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 713.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 913.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
25k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 77%
Dining 23%
Anthropologie
Apparel
19,531 visits/mo
0.5 miles
Five Guys
Dining
5,832 visits/mo
0.3 miles
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
$735,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Monmouth County, NJ
Properties on Market for Storefront properties in Monmouth County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Wile Events — 82 Birch Ave, Little Silver, NJ 07739
Frequently Asked Questions
What type of property is this?
Storefront property - A 1,500-square-foot storefront offers space for retail or professional use, with a rear parking lot.
Where is this storefront property located?
The property is located at 691 Broad Street Shrewsbury, NJ.
What are key features of this property?
This property features: 1,500‑square‑foot storefront; Suitable for retail or professional use; Rear parking lot
