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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Maple Ave Red Bank, NJ 07701-1716

    • Office buildings
    • 3,908 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $370,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-3172454
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 120 Maple Ave

    Year built
    1901
    Lot size
    0.46 lot acres
    Property size
    3,908 SF
    Property type
    Office buildings
    APN
    39 00075- 02-00146
    APU
    39000750200146

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $370,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Red Bank
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0692
    Latitude
    40.3466
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $18,456
    $369,600
    $653,400
    $1,023,000
    -
    $369,600
    $653,400
    $1,023,000

    Comparable in this City

    • Value Estimation
      $505,000
      12,000 SF

      68 Monmouth St

      OFFICE BUILDING • 12,000 SF
      68 Monmouth St, Red Bank, NJ 07701
      View Details
    • Value Estimation
      $575,000
      17,235 SF

      628 Shrewsbury Ave

      OFFICE BUILDING • 17,235 SF
      628 Shrewsbury Ave, Tinton Falls, NJ 07701-4932
      View Details
    • Value Estimation
      $595,000
      14,235 SF

      1 Executive Dr

      OFFICE BUILDING • 14,235 SF
      1 Executive Dr, Tinton Falls, NJ 07701-4933
      View Details
    • Value Estimation
      $485,000
      16,650 SF

      73 Broad St

      OFFICE BUILDING • 16,650 SF
      73 Broad St, Red Bank, NJ 07701-1950
      View Details
    • Value Estimation
      $7,530,000
      29,178 SF

      151 Bodman Pl

      OFFICE BUILDING • 29,178 SF
      151 Bodman Pl, Red Bank, NJ 07701-1070
      View Details
    • Value Estimation
      $1,080,000
      54,356 SF

      55 Gilbert St

      OFFICE BUILDING • 54,356 SF
      55 Gilbert St, Tinton Falls, NJ 07701-4955
      View Details

    Similar Nearby for Sale

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      $110,000
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      Red Bank Office Space Available

      Modern office space for various business needs in Red Bank.
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      View Details
    • $4,950,000
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      Red Bank Mixed-Use Investment

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    • $2,525,000

      Tinton Falls Investment Opportunity

      Four-suite condo in a fully occupied professional complex.
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    • New
      $2,525,000
      Pending

      Tinton Falls Commercial Condo Suites

      Four-suite condo in Tinton Falls, fully occupied with long-term tenant.
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    • $949,000
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      Red Bank Retail Space - $949K

      Prime 1890 SF Retail, Vacant, NNN Lease.
      177 Broad St, Red Bank, NJ 07701
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    • $385,000

      Updated Condo in Gated Community

      Updated first-level condo in a premier 55+ gated community.
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    Similar Nearby for Lease

    • Contact for pricing

      Renovated Victorian Office Building

      Stand-alone renovated Victorian office building for lease in Red Bank.
      286 Broad St, Red Bank, NJ 07701
      View Details
    • $30 SF/Yr
      10,052 SF

      Downtown Red Bank Boutique Office

      Boutique office building in downtown Red Bank near transit.
      116-118 Chestnut St, Red Bank, NJ 07701
      View Details
    • Contact for pricing
      12,876 SF

      Adaptable Office Building in Red Bank

      Multi-unit commercial office building for lease in central Red Bank.
      188 E Bergen Pl, Tinton Falls, NJ 07701
      View Details
    • $22 SF/Yr
      17,630 SF

      Regus Red Bank Office Suites

      Premium Red Bank workspace, flexible options.
      125 Half Mile Rd, Red Bank, NJ 07701
      View Details
    • Contact for pricing
      29,178 SF

      Red Bank Executive Office Space

      Prestigious Office Suites in Red Bank, NJ
      151 Bodman Pl, Red Bank, NJ 07701
      View Details
    • $625 /Mo

      Renovated Office Space Available

      Renovated office suite in Red Bank, utilities included.
      333 Broad St Unit Office 3 /, Red Bank, NJ 07701
      View Details
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    120 Maple Ave
    Red Bank, NJ 07701-1716
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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