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Property profile & analytics
OFF-MARKET Estimated value $7,495,000
Office buildings

151 Bodman Pl Red Bank, NJ 07701-1070

29,178 SF 1.15 ac lot Built 1982
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US59-1133854
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.56M
CAP Approach CAP
$7.33M
Comparable Approach Comparable
$7.40M
Blend (final) Blend
$7.50M
Owner & transaction history
Coastal Building LLC · 6 yrs held
Coastal Building LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $8.7M +20.7%
Apartment house (5+ units) $7.7M +7.2%
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