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Property profile & analytics
OFF-MARKET
Estimated value
$5,655,000
Office buildings
12 Broad St Red Bank, NJ 07701-1938
Entity Owned
31-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-0600298
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
26,600 SF
Lot
0.12 ac (5,320 SF)
APN
39 00030- 01-00024
UPID
US59-0600298
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
$6.68M
Comparable Approach
Comparable
$6.03M
Blend (final)
Blend
$5.66M
Owner & transaction history
St Georges Dragons LP · 31 yrs held
St Georges Dragons LP
since 1995
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$7.9M
+20.7%
Apartment house (5+ units)
$7.0M
+7.2%
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%
$7,235,000
6.5%
$6,680,000
7%
$6,200,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,560,000
Current use
COMMERCIAL (GENERAL)
$7,915,000
Change: +21% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$7,030,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,480,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$5.66M
Range $5.09M – $6.22M · ±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
$213 / 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
$120,664
Tax year 2022
Assessed value
$5,715,000
Assessed 2023
Previous assessed
$5,715,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$1,047,400
Assessed improvement
$4,667,600
Land market value
$1,047,400
Improvement market value
$4,667,600
Total market value
$5,715,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
NONE
Buildings
1
Total area
26,600 SF
Lot
0.12 ac (5,320 SF)
APN
39 00030- 01-00024
UPID
US59-0600298
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.0M
INDUSTRIAL (GENERAL)
Est. value
$5.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
2000
Construction
BRICK
Heating
NONE
Buildings
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
St Georges Dragons LP
Entity
Free & Clear · 31 yrs held
Mailing address
615 JERSEY AVE, JERSEY CITY, NJ 07302-2416
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1995
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 30, 1995
$275,000
St Georges Dragons LP
Sovereign Bank
Grant Deed
—
—
—
St Georges Dragon
—
Deed Of Trust
related
$189,280 · Amboy Nat'l Bk
—
—
12 Broad LLC
—
Loan Modification
related
$3,600,000 · Valley Nat'l Bk
—
—
12 Broad LLC
—
Loan Modification
related
$4,000,000 · Valley Nat'l 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.
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