Retail Space with Hardwood
703 Broad Street #A101, Shrewsbury, NJ 07702
For Sale
Contact for pricing
Large display windows and parking support a customer-facing business at this Broad Street storefront.
Property Size1,500 SF
Price / SF$2.27
Days on Market85
Property Features for 703 Broad Street #A101
General Information
Standard status
Size
Property subtype
Amenities
Large windows
hardwood floors
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 3:49PM
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 retail space at 703 Broad Street, Suite A101, features hardwood flooring and large windows. The property is in Shrewsbury’s business district, with ample parking available.
Franklin Commons Complex is identified as a source of customer traffic for the location.
Franklin Commons Complex is identified as a source of customer traffic for the location.
Key Highlights
- 1,500 square feet of retail space
- Large windows and hardwood flooring
- Ample parking
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 629.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 806.41%
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
Location Intelligence
Trade Area within ½ mile
675
Businesses Nearby
25k
Monthly Visits Nearby
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 Retail space in Monmouth County, NJ
Properties on Market for Retail space in Monmouth County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Large display windows and parking support a customer-facing business at this Broad Street storefront.
Where is this retail space located?
The property is located at 703 Broad Street #A101 Shrewsbury, NJ.
What are key features of this property?
This property features: 1,500 square feet of retail space; Large windows and hardwood flooring; Ample parking
