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Property profile & analytics
OFF-MARKET
Commercial real estate
15 Newman Spgs E Rd Shrewsbury, NJ 07702-4009
Entity Owned
7-yr Hold
Free & Clear
Property ID
US59-2310148
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Total area
1,832 SF
Lot
0.32 ac (13,936 SF)
Zoning code
B-1
APN
44 00012-0000-00001
UPID
US59-2310148
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
Docsdd LLC · 7 yrs held
Docsdd LLC
since 2019
2 recorded transactions
Zoning & alternative use
B-1 · Shrewsbury, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
.5 R-1A Single-Family Residential (Cluster Option and Planned Senior Citizen Development Option) Zone 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…
Zone name
Business General
General category
COMMERCIAL
Zone area
87.80 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
$17,140
Tax year 2022
Assessed value
$878,500
Assessed 2023
Previous assessed
$878,500
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$512,500
Assessed improvement
$366,000
Land market value
$512,500
Improvement market value
$366,000
Total market value
$878,500
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 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
1970
Heating
NONE
Buildings
1
Total area
1,832 SF
Lot
0.32 ac (13,936 SF)
Zoning code
B-1
APN
44 00012-0000-00001
UPID
US59-2310148
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Shrewsbury, NJZoning B-1 · permitted uses
B-1 · Shrewsbury, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
.5 R-1A Single-Family Residential (Cluster Option and Planned Senior Citizen Development Option) Zone 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. §
Zone name
Business General
General category
COMMERCIAL
Zone area
87.80 ac
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Buildings
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Docsdd LLC
Entity
Free & Clear · 7 yrs held
Mailing address
15 NEWMAN SPGS RD E, SHREWSBURY, NJ 07702-4009
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2019
—
Docsdd LLC
Warrick,patricia A
Grant Deed
related
—
Jun 25, 2018
—
Patricia A Warrick
Trufolo Anthony F
Quit Claim Deed
related
—
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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