1008 Shrewsbury Ave Tinton Falls, NJ 07724-3086
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$1.11M
Range $999k – $1.22M (±10%)
Property ID
US59-1216405
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1951
Total area
5,610 SF
Lot
1.32 ac (57,499 SF)
Zoning code
HCC
APN
49 00025-0000-00015
UPID
US59-1216405
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Veterinary Clinic
-
Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.17M
Comparable Approach
Comparable
$764k
Blend (final)
Blend
$1.11M
Owner & transaction history
since 2026
3 recorded transactions
Zoning & alternative use
HCC · Tinton Falls, NJ
Zoning description
Signs in Nonresidential Districts Except the HCC Highway/Community Commercial District. a. Any sign authorized for permitted uses in the Residential Districts as specified above is permitted in a commercial district. b.…
General category
COMMERCIAL
Top alternative use upside
Apartment house (5+ units)
$1.5M
+25.4%
Office building
$1.4M
+17.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 8 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.11M
Value range
$999k – $1.22M
±10% around blend
Estimated value / SF
$198 / SF
Confidence
High
8 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
80
$999k
blend $1.11M
$1.22M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,610 SF
Lot area
1.32 ac
Year built
1951
APN
49 00025-0000-00015
Assessed value
$1,948,100
Annual tax
$31,895
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.17M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.26M
@ 6.5% CAP return
$1.17M
@ 7% CAP return
$1.08M
4
Sales comparison
Partial preview
Sales approach indication
$1.17M
Weighted, 8 comps · high confidence
Evidence
8 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
5.4 mi away · 6,700 SF
6.0 mi away · 6,438 SF
6.2 mi away · 7,068 SF
6.6 mi away · 3,962 SF
7.3 mi away · 4,176 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.11M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 28 sales
$211
-6%
Submarket 252 sales
$293
-33%
County 1093 sales
$259
-24%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $198/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+25%
vs current-use indication
Office Building
Commercial (general) · current use
Industrial (general)
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 8 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.95M
Move the market yield to see immediate price impact.
Value / SF
$347
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$123k
$2.45M
$1.75M
$1.36M
$136k
$2.73M
$1.95M
$1.52M
$150k
$3.00M
$2.14M
$1.67M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
8 found
High confidence · county-verified
Closest comparable
$2.20M
2.9 mi · Feb 2026 · $307/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$31,895
Tax year 2022
Assessed value
$1,948,100
Assessed 2023
Previous assessed
$1,948,100
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$1,366,200
Assessed improvement
$581,900
Land market value
$1,366,200
Improvement market value
$581,900
Total market value
$1,948,100
Applied tax rate
49.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1951
Heating
NONE
Buildings
1
Total area
5,610 SF
Lot
1.32 ac (57,499 SF)
Zoning code
HCC
APN
49 00025-0000-00015
UPID
US59-1216405
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HCC · Tinton Falls, NJZoning HCC · permitted uses
HCC · Tinton Falls, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Signs in Nonresidential Districts Except the HCC Highway/Community Commercial District. a. Any sign authorized for permitted uses in the Residential Districts as specified above is permitted in a commercial district. b.…
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1951
Heating
NONE
Buildings
1
Lot
1.32 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
HCC
COMMERCIAL
Jurisdiction
Tinton Falls, NJ
Recorded code
HCC
Official district
HCC
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for HCC in Tinton Falls, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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