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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Industrial properties
163 Monmouth St 169 Red Bank, NJ 07701-1163
Entity Owned
4-yr Hold
Free & Clear
Property ID
US59-1552570
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
BRICK
Total area
8,195 SF
Lot
0.41 ac (18,000 SF)
Zoning code
BR-1
APN
39 00041-0000-00007
UPID
US59-1552570
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
$2.32M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$2.32M
Owner & transaction history
Denzar At Transit LLC · 4 yrs held
Denzar At Transit LLC
since 2022
Last sale
$2.2M
2 recorded transactions
Zoning & alternative use
BR-1 · Red Bank, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RD Residential District. § 490-142 NB Neighborhood Business District. § 490-143 HB Highway Business 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 WD Waterfront Development District. § 490-149…
Zone name
Business Residential 1
General category
COMMERCIAL
Zone area
77.62 ac
Top alternative use upside
Commercial (general)
$2.4M
+44.3%
Apartment house (5+ units)
$2.2M
+28.2%
Office building
$2.0M
+19.6%
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
$2,315,000
ML approach
$2,315,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,690,000
Current use
COMMERCIAL (GENERAL)
$2,440,000
Change: +44% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,165,000
Change: +28% · Conversion: Difficult
OFFICE BUILDING
$2,020,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±10% · vs last sale $2.21M (Apr 28 2022)
Last sale anchor
$2.21M
Apr 28 2022
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
$282 / 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
$25,637
Tax year 2022
Assessed value
$2,031,300
Assessed 2023
Previous assessed
$2,031,300
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,008,000
Assessed improvement
$1,023,300
Land market value
$1,008,000
Improvement market value
$1,023,300
Total market value
$2,031,300
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
NONE
Buildings
1
Total area
8,195 SF
Lot
0.41 ac (18,000 SF)
Zoning code
BR-1
APN
39 00041-0000-00007
UPID
US59-1552570
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
BR-1 · Red Bank, NJZoning BR-1 · permitted uses
BR-1 · Red Bank, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RD Residential District. § 490-142 NB Neighborhood Business District. § 490-143 HB Highway Business 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 WD Waterfront Development District. § 490-149 MS Medical Services Zone. § 490-150 I Industrial Zone; LI Light Industrial Zone. §
Zone name
Business Residential 1
General category
COMMERCIAL
Zone area
77.62 ac
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
OFFICE BUILDING
Est. value
$2.0M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2000
Construction
BRICK
Heating
NONE
Buildings
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Denzar At Transit LLC
Entity
Free & Clear · 4 yrs held
Mailing address
66 WW ST, RED BANK, NJ 07701
Ownership since
2022
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
Apr 28, 2022
$2,209,000
Denzar At Transit LLC
Auto Diagnostics LLC
Deed
—
Mar 2, 2004
$1,240,000
Auto Diaglostics LLC
Coleman,mary W
Grant Deed
$1,000,000 · Shrewsbury State Bank
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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