Ground rubber powder (GRP) and devulcanized rubber waste obtained using the process of continuous shear flow reaction were used as both fillers and a part of rubber in virgin natural rubber (NR). The cure characteristics, swelling behavior, cross-link density, mechanical properties, and morphology were studied in our laboratory. The GRP and devulcanized rubber, which were generated from passenger car and light truck tires, showed applicable mechanical properties in new rubber compounds, and the compounds that contained devulcanized rubber showed better properties than those with GRP. In particular, devulcanized rubber as a part of rubber obtained through a cross-link reaction exhibited excellent mechanical properties, with a strong potential for future applications.