Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$6,370,000
Commercial real estate
1021 Broad St 1103 Shrewsbury, NJ 07702-4303
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1535804
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1982
Total area
59,560 SF
Lot
10.1 ac (439,956 SF)
Zoning code
B-2
APN
44 00070- 01-00002
UPID
US59-1535804
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
Current use
Occupant on record · Public records
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.70M
Blend (final)
Blend
$6.37M
Owner & transaction history
Celia Cohen · 3 yrs held
Celia Cohen
since 2023
4 recorded transactions
Zoning & alternative use
B-2 · Shrewsbury, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
e District. § 94-10.6 R-1B Single-Family/Senior Citizen Residential Zone District. § 94-10.7 Business Zones § 94-10.7.1 B-1 Business Zone District. § 94-10.7.2 (Reserved) § 94-10.7.3 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 Prof…
Zone name
Business Shopping Office Center
General category
COMMERCIAL
Zone area
78.66 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
Method
Estimation
Statistic approach
$6,595,000
ML approach
$6,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.37M
Range $5.73M – $7.01M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$107 / SF
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
$256,387
Tax year 2022
Assessed value
$13,141,300
Assessed 2023
Previous assessed
$13,141,300
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$6,663,300
Assessed improvement
$6,478,000
Land market value
$6,663,300
Improvement market value
$6,478,000
Total market value
$13,141,300
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 Sale
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
Year built
1982
Heating
NONE
Buildings
1
Total area
59,560 SF
Lot
10.1 ac (439,956 SF)
Zoning code
B-2
APN
44 00070- 01-00002
UPID
US59-1535804
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Shrewsbury, NJZoning B-2 · permitted uses
B-2 · Shrewsbury, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
e District. § 94-10.6 R-1B Single-Family/Senior Citizen Residential Zone District. § 94-10.7 Business Zones § 94-10.7.1 B-1 Business Zone District. § 94-10.7.2 (Reserved) § 94-10.7.3 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 LI
Zone name
Business Shopping Office Center
General category
COMMERCIAL
Zone area
78.66 ac
Building & site characteristics
From public records
Year built
1982
Heating
NONE
Buildings
1
Lot
10.1 ac
Current owner
From public records · entity-resolved
Celia Cohen
Individual
Free & Clear · 3 yrs held
Mailing address
404 HOLLYWOOD AVE, LONG BRANCH, NJ 07740-5208
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2023
—
Celia Cohen
Celia Cohen
Intrafamily Transfer
related
—
Feb 2, 2001
$7,000,000
Treasure Island Plaza LLC
Market Place I Ltd
Grant Deed
$5,300,000 · Provident Bk/cincinnati
—
—
Treasure Island Plaza Sleepys
—
Deed Of Trust
related
$5,300,000 · Provident Bk/cincinnati
—
—
Treasure Island Plaza INC Etal
—
Deed Of Trust
related
$5,300,000 · Provident Bk/cincinnati
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1021 Broad St, Unit 1103?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
