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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Grocery and convenience stores
530 Shrewsbury Ave Tinton Falls, NJ 07701-4906
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1047702
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1945
Construction
BRICK
Total area
4,394 SF
Lot
0.33 ac (14,400 SF)
Zoning code
NC
APN
49 00012- 03-00081- 02
UPID
US59-1047702
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
-
Dom's Cherry Street Deli Food Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$885k
CAP Approach
CAP
$965k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Pro1 Realty Solutions LLC · 5 yrs held
Pro1 Realty Solutions LLC
since 2021
Last sale
$700,000
1 recorded transaction
Zoning & alternative use
NC · Tinton Falls, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
dustrial Office Park Zone. Ord. No. 2016-1404: The Zoning Map of the Borough of Tinton Falls is hereby supplemented and amended to reflect the rezoning of Block 120, Lot 21.01 from the IOP- Industrial Office Park to the NC- Neighborhood Commercial Zone. Ord. No. 2020-1464: The Zoning Map of the Borough of Tinton Falls is hereby supplemented and amended to re…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
109.34 ac
Source
Tinton Falls, NJ - Zoning
Top alternative use upside
Office building
$765,000
+73.1%
Auto repair, garage
$655,000
+48.5%
Commercial (general)
$655,000
+47.8%
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 Tinton Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tinton Falls 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
$860,000
ML approach
$885,000
CAP Approach
CAP Return
Estimation
6%
$1,045,000
6.5%
$965,000
7%
$895,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$765,000
Change: +73% · Conversion: Easy
AUTO REPAIR, GARAGE
$655,000
Change: +48% · Conversion: Difficult
COMMERCIAL (GENERAL)
$655,000
Change: +48% · Conversion: Easy
Blend value · Realmo final
$860k
Range $774k – $946k · ±10% · vs last sale $700k (Aug 5 2021)
Last sale anchor
$700k
Aug 5 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
$196 / 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
$11,918
Tax year 2022
Assessed value
$758,100
Assessed 2023
Previous assessed
$758,100
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$423,300
Assessed improvement
$334,800
Land market value
$423,300
Improvement market value
$334,800
Total market value
$758,100
Applied tax rate
49.0000
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1945
Construction
BRICK
Heating
NONE
Buildings
1
Stories
2
Total area
4,394 SF
Lot
0.33 ac (14,400 SF)
Zoning code
NC
APN
49 00012- 03-00081- 02
UPID
US59-1047702
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
NC · Tinton Falls, NJZoning NC · permitted uses
NC · Tinton Falls, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
dustrial Office Park Zone. Ord. No. 2016-1404: The Zoning Map of the Borough of Tinton Falls is hereby supplemented and amended to reflect the rezoning of Block 120, Lot 21.01 from the IOP- Industrial Office Park to the NC- Neighborhood Commercial Zone. Ord. No. 2020-1464: The Zoning Map of the Borough of Tinton Falls is hereby supplemented and amended to reflect the rezoning of the following properties from the Neighborhood Commercial (N
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
109.34 ac
Source
Tinton Falls, NJ - Zoning
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$765,000
AUTO REPAIR, GARAGE
Est. value
$655,000
COMMERCIAL (GENERAL)
Est. value
$655,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (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
1945
Construction
BRICK
Heating
NONE
Stories
2
Buildings
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Pro1 Realty Solutions LLC
Entity
Mailing address
530 SHREWSBURY AVE, TINTON FALLS, NJ 07701-4906
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2021
$700,000
Pro1 Realty Solutions LLC
Carol A Chanowich
Deed
$420,000 · Manasquan 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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