Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,830,000
Commercial real estate
741 Shrewsbury Ave Shrewsbury, NJ 07702-4306
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-2938720
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1956
Total area
1,272 SF
Lot
0.86 ac (37,346 SF)
Zoning code
P-1
APN
44 00029-0000-00007
UPID
US59-2938720
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
$1.93M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.83M
Owner & transaction history
Jgs Shrewsbury LLC · 5 yrs held
Jgs Shrewsbury LLC
since 2021
Last sale
$1.7M
5 recorded transactions
Zoning & alternative use
P-1 · Shrewsbury, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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. § 94-10.10 P-1 Professional Zone District. § 94-10.11 LI Light Industrial Zone District. § 94-10.12 LIR-60 and LIR-88 Limited Industrial and Research Zo…
Zone name
Professional Office
General category
RESIDENTIAL
Zone area
22.63 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
Method
Estimation
Statistic approach
$1,985,000
ML approach
$1,925,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10% · vs last sale $1.70M (Jun 16 2021)
Last sale anchor
$1.70M
Jun 16 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
$1,439 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$32,746
Tax year 2023
Assessed value
$1,913,100
Assessed 2024
Previous assessed
$1,913,100
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$480,100
Assessed improvement
$1,433,000
Land market value
$480,100
Improvement market value
$1,433,000
Total market value
$1,913,100
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
1956
Heating
NONE
Buildings
1
Total area
1,272 SF
Lot
0.86 ac (37,346 SF)
Zoning code
P-1
APN
44 00029-0000-00007
UPID
US59-2938720
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
P-1 · Shrewsbury, NJZoning P-1 · permitted uses
P-1 · Shrewsbury, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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. § 94-10.10 P-1 Professional Zone District. § 94-10.11 LI Light Industrial Zone District. § 94-10.12 LIR-60 and LIR-88 Limited Industrial and Research Zone Districts. § 94-10.13 Areas of special flood hazard. § 94-10.14 Planned develop
Zone name
Professional Office
General category
RESIDENTIAL
Zone area
22.63 ac
Building & site characteristics
From public records
Year built
1956
Heating
NONE
Buildings
1
Lot
0.86 ac
Current owner
From public records · entity-resolved
Jgs Shrewsbury LLC
Entity
Mailing address
91 BROAD ST, EATONTOWN, NJ 07724-1528
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
—
Jgs Shrewsbury LLC
—
Deed
related
$2,150,000 · Mid Penn Bank
Jun 16, 2021
$1,700,350
Jgs Shrewsbury LLC
Monmouth Truck Holdings LLC
Deed
$2,150,000 · Monmouth Truck Holdings LLC
Mar 15, 2018
—
Shrewsbury Boro
Monmouth Truck Holdings LLC
Grant Deed
related
—
Sep 12, 2008
$3,250,000
Mounmouth Truck Holdings LLC
Monmouth Truck Equipment INC
Grant Deed
related
—
—
—
Monmouth Truck Holdings LLC
—
Deed Of Trust
related
$300,000 · Valley National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 741 Shrewsbury Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
