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    116-118 Chestnut St Red Bank, NJ 07701

    For Lease
    $30 SF/Yr

    Boutique office building in downtown Red Bank near transit.

    Property size:
    10,052 SF
    Lot size:
    0.67 Acres

    Property Features for 116-118 Chestnut St

    General Information

    Size
    10,052 SF
    Lot size
    0.67 Acres

    Source: Denholtz Properties Agent Kristine B. Hurlbut

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Red Bank Boutique Office

    The property at 116 Chestnut Street is a 29,404-square-foot boutique office building located in downtown Red Bank, adjacent to the New Jersey Transit train station. The building features a modernized exterior façade renovation and a revitalized tenant lobby. The location has a walk score of 90. The available office space is 10,052 square feet.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Red Bank
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0470219
    Latitude
    40.3557821

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    FAQs

    What type of property is this?
    Office building - Boutique office building in downtown Red Bank near transit.
    Where is this office building located?
    The property is located at 116-118 Chestnut St Red Bank, NJ.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: - Prime downtown Red Bank location adjacent to the New Jersey Transit train station.; - Boutique office building with 29,404 square feet of space.; - High walk score of 90.
    (732) 713-4748
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    116-118 Chestnut St Red Bank, NJ 07701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116-118 Chestnut St Red Bank, NJ 07701
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