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Property profile & analytics
FOR LEASE
Office buildings
595 Shrewsbury Ave Shrewsbury, NJ 07702
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-0556059
For Lease
$5,085,000
595 Shrewsbury Ave, Shrewsbury, NJ 07702
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Total area
44,846 SF
Lot
3.9 ac (169,884 SF)
APN
44 00003-0000-00007
UPID
US59-0556059
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
$5.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.09M
Owner & transaction history
Ironbound Financial III LLC · 5 yrs held
Ironbound Financial III LLC
since 2021
Last sale
$4.6M
6 recorded transactions
Zoning & alternative use
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
$5,640,000
ML approach
$5,505,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.09M
Range $4.58M – $5.59M · ±10% · vs last sale $4.60M (Jul 12 2021)
Last sale anchor
$4.60M
Jul 12 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
$113 / 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
$86,316
Tax year 2022
Assessed value
$4,724,200
Assessed 2023
Previous assessed
$4,724,200
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$1,809,200
Assessed improvement
$2,915,000
Land market value
$1,809,200
Improvement market value
$2,915,000
Total market value
$4,724,200
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
For Lease
Year built
2001
Heating
NONE
Buildings
1
Total area
44,846 SF
Lot
3.9 ac (169,884 SF)
APN
44 00003-0000-00007
UPID
US59-0556059
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2001
Heating
NONE
Buildings
1
Lot
3.9 ac
Current owner
From public records · entity-resolved
Ironbound Financial III LLC
Entity
Mailing address
36 CHRISTOPHER COLUMBUS BLVD, JACKSON, NJ 08527-2215
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
Jun 20, 2025
—
Ironbound Financial III LLC
—
Deed
related
$8,300,000 · Unity Bank
Jan 31, 2022
—
Ironbound Financial III LLC
—
Deed
related
$307,923 · Oceanfirst Bank
Jul 12, 2021
$4,600,000
Ironbound Financial III LLC
Cap 1 LLC
Foreclosure
related
$3,450,000 · Oceanfirst Bank
Dec 29, 2016
—
Cap-1 LLC
—
Deed
related
$3,000,000 · Patock Construction Co INC
—
—
Cap-1 LLC
—
Deed Of Trust
related
$3,000,000 · Patock Construction Co INC
—
—
Cap I LLC
—
Deed Of Trust
related
$3,600,000 · Two River Community 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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