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Property profile & analytics
OFF-MARKET
Estimated value
$2,180,000
Office buildings
20 Ave At The Cmn Shrewsbury, NJ 07702-4801
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0928824
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Total area
11,842 SF
Lot
2.86 ac (124,582 SF)
Zoning code
LIR8
APN
44 00073-0000-00001
UPID
US59-0928824
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
$2.40M
CAP Approach
CAP
$2.98M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$2.18M
Owner & transaction history
Njsa INC · 5 yrs held
Njsa INC
since 2021
Last sale
$2.0M
6 recorded transactions
Zoning & alternative use
LIR8 · Shrewsbury, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.1M
+7.2%
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
$2,430,000
ML approach
$2,400,000
CAP Approach
CAP Return
Estimation
6%
$3,220,000
6.5%
$2,975,000
7%
$2,760,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,920,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,130,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,440,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±10% · vs last sale $1.98M (May 11 2021)
Last sale anchor
$1.98M
May 11 2021
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
$184 / 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
$37,980
Tax year 2022
Assessed value
$1,946,700
Assessed 2023
Previous assessed
$1,946,700
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$778,700
Assessed improvement
$1,168,000
Land market value
$778,700
Improvement market value
$1,168,000
Total market value
$1,946,700
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1980
Heating
NONE
Buildings
1
Total area
11,842 SF
Lot
2.86 ac (124,582 SF)
Zoning code
LIR8
APN
44 00073-0000-00001
UPID
US59-0928824
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
LIR8 · Shrewsbury, NJZoning LIR8 · permitted uses
LIR8 · Shrewsbury, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.4M
OFFICE BUILDING Current
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
NONE
Buildings
1
Lot
2.86 ac
Current owner
From public records · entity-resolved
Njsa INC
Entity
Mailing address
14 NEW ST, MORRISTOWN, NJ 07960-4049
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2021
$1,981,250
Njsa INC
Navcor LLC
Deed
$1,500,000 · Manasquan Bank
Nov 9, 2011
—
Navcor LLC
—
Deed Of Trust
related
$4,000,000 · Td Bank NA
Nov 2, 2011
—
Navcor LLC
—
Deed Of Trust
related
$1,432,500 · Td Bank NA
May 30, 2005
$2,100,000
Navcor LLC
Ltr Properties
Grant Deed
$1,680,000 · Sovereign Bank
—
—
Navcor LLC
—
Deed Of Trust
related
$1,680,000 · Sovereign Bank
—
—
Navcor LLC
—
Deed Of Trust
related
$192,000 · Sovereign Bank
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.
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