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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Commercial real estate
103 Drs James Parker Blvd Red Bank, NJ 07701-1475
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0708684
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1930
Total area
4,756 SF
Lot
0.18 ac (7,750 SF)
Zoning code
BR-2
APN
39 00096-0000-00005- 02
UPID
US59-0708684
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
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$716k
Blend (final)
Blend
$875k
Owner & transaction history
W Mang LLC · 26 yrs held
W Mang LLC
since 1999
2 recorded transactions
Zoning & alternative use
BR-2 · Red Bank, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
/Residential-1 District. § 490-147 PO Professional Office Zone District. § 490-148 WD Waterfront Development District. § 490-149 MS Medical Services Zone. § 490-150 I Industrial Zone; LI Light Industrial Zone. § 490-151 BR-2 Business/Residential-2 District. § 490-152 AH Affordable Housing Overlay District. § 490-153 (Reserved) § 490-154 Train Station Redevel…
Zone name
Business Residential 2
General category
COMMERCIAL
Zone area
47.07 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 Red Bank submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Red Bank 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,070,000
6.5%
$990,000
7%
$915,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,415,000
Current use
OFFICE BUILDING
$1,170,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$875k
Range $788k – $963k · ±10%
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
$184 / 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
$22,292
Tax year 2023
Assessed value
$1,195,700
Assessed 2024
Previous assessed
$1,195,700
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$199,700
Assessed improvement
$996,000
Land market value
$199,700
Improvement market value
$996,000
Total market value
$1,195,700
Applied tax rate
39.0000
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
1930
Heating
NONE
Buildings
1
Total area
4,756 SF
Lot
0.18 ac (7,750 SF)
Zoning code
BR-2
APN
39 00096-0000-00005- 02
UPID
US59-0708684
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BR-2 · Red Bank, NJZoning BR-2 · permitted uses
BR-2 · Red Bank, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
/Residential-1 District. § 490-147 PO Professional Office Zone District. § 490-148 WD Waterfront Development District. § 490-149 MS Medical Services Zone. § 490-150 I Industrial Zone; LI Light Industrial Zone. § 490-151 BR-2 Business/Residential-2 District. § 490-152 AH Affordable Housing Overlay District. § 490-153 (Reserved) § 490-154 Train Station Redevelopment Plan. By using eCode360 you agree to be legally bound by the Terms of Use and
Zone name
Business Residential 2
General category
COMMERCIAL
Zone area
47.07 ac
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
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
1930
Heating
NONE
Buildings
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
W Mang LLC
Entity
Free & Clear · 26 yrs held
Mailing address
12 CHEYENNE ST, TINTON FALLS, NJ 07712-7750
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 1999
$115,000
W Mang LLC
Shannon,jacy
Grant Deed
—
—
—
W Mang LLC
—
Deed Of Trust
related
$225,000 · Soveriegn Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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