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Property profile & analytics
OFF-MARKET
Commercial real estate
1001 Shrewsbury Ave Shrewsbury, NJ 07702-4367
Individually Owned
27-yr Hold
Free & Clear
Property ID
US59-0942355
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Total area
2,125 SF
Lot
2.1 ac (91,476 SF)
Zoning code
LI
APN
44 00029-0000-00017
UPID
US59-0942355
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
PETRUZZELLI BROTHERS EXCAVATIO
PETRUZZELLI BROTHERS EXCAVATIO
Zoning & alternative use
LI · Shrewsbury, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
-10.7.3 B-3 Business Service Zone. § 94-10.8 B-2 Business Shopping/Office Center Zone District. § 94-10.9 HC/PO Highway Commercial/Professional Office Zone District. § 94-10.10 P-1 Professional Zone District. § 94-10.11 LI Light Industrial Zone District. § 94-10.12 LIR-60 and LIR-88 Limited Industrial and Research Zone Districts. § 94-10.13 Areas of special…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
46.02 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Shrewsbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shrewsbury submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$15,852
Tax year 2022
Assessed value
$812,500
Assessed 2023
Previous assessed
$812,500
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$493,500
Assessed improvement
$319,000
Land market value
$493,500
Improvement market value
$319,000
Total market value
$812,500
Applied tax rate
44.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Buildings
1
Total area
2,125 SF
Lot
2.1 ac (91,476 SF)
Zoning code
LI
APN
44 00029-0000-00017
UPID
US59-0942355
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LI · Shrewsbury, NJZoning LI · permitted uses
LI · Shrewsbury, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
-10.7.3 B-3 Business Service Zone. § 94-10.8 B-2 Business Shopping/Office Center Zone District. § 94-10.9 HC/PO Highway Commercial/Professional Office Zone District. § 94-10.10 P-1 Professional Zone District. § 94-10.11 LI Light Industrial Zone District. § 94-10.12 LIR-60 and LIR-88 Limited Industrial and Research Zone Districts. § 94-10.13 Areas of special flood hazard. § 94-10.14 Planned development. § 94-10.15 PSC-3 Planned Senior Citi
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
46.02 ac
Building & site characteristics
From public records
Heating
NONE
Buildings
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
PETRUZZELLI BROTHERS EXCAVATIO
Individual
Free & Clear · 0 yrs held
Mailing address
1001 SHREWSBURY AVE, SHREWSBURY, NJ 07702-4367
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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