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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Office buildings
39 Ave At The Cmn Shrewsbury, NJ 07702-4807
Entity Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1319600
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Total area
26,006 SF
Lot
2.4 ac (104,544 SF)
Zoning code
LIR8
APN
44 00070- 01-00003
UPID
US59-1319600
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
$4.52M
Blend (final)
Blend
$3.48M
Owner & transaction history
Boulders Office Bldg LLC · 25 yrs held
Boulders Office Bldg LLC
since 2001
7 recorded transactions
Zoning & alternative use
LIR8 · Shrewsbury, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,360,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±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
$134 / 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
$60,739
Tax year 2022
Assessed value
$3,113,200
Assessed 2023
Previous assessed
$3,113,200
+0.0% YoY
Effective rate
1.95%
On assessed value
Assessed land
$976,100
Assessed improvement
$2,137,100
Land market value
$976,100
Improvement market value
$2,137,100
Total market value
$3,113,200
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
1986
Heating
NONE
Buildings
1
Total area
26,006 SF
Lot
2.4 ac (104,544 SF)
Zoning code
LIR8
APN
44 00070- 01-00003
UPID
US59-1319600
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
INDUSTRIAL (GENERAL)
Est. value
$5.4M
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
1986
Heating
NONE
Buildings
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Boulders Office Bldg LLC
Entity
Free & Clear · 25 yrs held
Mailing address
26 BAYSIDE DR, ATLANTIC HIGHLANDS, NJ 07716-1735
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2003
—
Boulders Office Building LLC
—
Trustees Deed
related
$1,630,000 · Two River Cmnty Bk
Feb 20, 2001
$1
Boulders Office Bldg LLC
Chevalier,elaine M
Grant Deed
related
—
—
—
Scott M Frueh
—
Deed Of Trust
related
$102,483 · First Interstate Fin'l Mtg
—
—
Mark Adelhoch
—
Deed Of Trust
related
$184,620 · First Interstate Fin'l Mtg
—
—
Aspen Building Corp INC
—
Deed Of Trust
related
$200,000 · Amboy Nat'l Bk
—
—
Dina G Sabin
—
Deed Of Trust
related
$126,023 · First Interstate Fin'l Mtg
—
—
Brandywine Management Co INC
—
Deed Of Trust
related
$75,000 · Amboy Nat'l Bk
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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