Technical
Financial
Distress signals
Property profile

151 Bodman Pl Red Bank, NJ 07701

OFF-MARKET
Office buildings
Property ID
US59-1133854
29,178 SF 1.15 ac lot Built 1982
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The Coastal Building, located at 151 Bodman Place in Red Bank, New Jersey (zip code 07701), offers exceptional executive and traditional office spaces. This Monmouth County property boasts a total of 29,178 square feet, currently 100% occupied with multiple tenants. The building provides a range of suite sizes, accommodating businesses seeking spaces from 512 square feet to 3,900 square feet. The address is conveniently situated in Red Bank, offering easy access to local amenities and transportation. The building's classification as both executive and traditional office space caters to a diverse range of professional needs, providing a flexible and adaptable environment for various business models. This prime location in Monmouth County, New Jersey, presents a unique opportunity for businesses seeking a well-established and highly sought-after office space. The building's current occupancy reflects its desirability and the high quality of its offerings. Interested parties are encouraged to inquire about leasing opportunities. The building's precise layout and specific amenities are available upon request. This is a fully occupied building, presenting a strong investment opportunity for those seeking a stable and well-located commercial property. Further details regarding lease terms and conditions can be provided upon request.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1982
Total area 29,178 SF
Lot 1.15 ac (50,232 SF)
Zoning code WD
APN 39 00003-0000-00001- 01
UPID US59-1133854

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor
  • Law Firm
  • Law Firm
  • Business Management Consultant
  • Postal Service Courier Service

Location

151 Bodman Pl Red Bank, NJ 07701-1070
Red Bank metro Census 803601 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.56M
CAP Approach CAP
$7.33M
Comparable Approach Comparable
$7.40M
Blend (final) Blend
$7.69M

Owner & transaction history

since 2020
Last sale
$6.2M
4 recorded transactions
2020
$6.2M
2000
$1
1969
Price N/A
1969
Price N/A

Zoning & alternative use

WD · Red Bank, NJ
Zoning description

ness Zone District. § 490-144 CCD-1 Central Commercial District-1. § 490-145 CCD-2 Central Commercial District-2. § 490-146 BR-1 Business/Residential-1 District. § 490-147 PO Professional Office Zone District. § 490-148…

General category UNKNOWN
Top alternative use upside
Commercial (general) $8.7M +20.7%
Apartment house (5+ units) $7.7M +7.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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