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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Individual retail properties
228 Drs James Parker Blvd Red Bank, NJ 07701-1311
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US59-1518610
Property profile
Verified
Property type
Individual retail properties
Use group
LIQUOR STORE
Year built
1917
Construction
CONCRETE BLOCKS
Total area
2,136 SF
Lot
0.07 ac (3,220 SF)
APN
39 00080-0000-00012
UPID
US59-1518610
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
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Sspf LLC · 10 yrs held
Sspf LLC
since 2016
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$131 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$8,452
Tax year 2023
Assessed value
$457,200
Assessed 2024
Previous assessed
$457,200
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$132,400
Assessed improvement
$324,800
Land market value
$132,400
Improvement market value
$324,800
Total market value
$457,200
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
Individual retail properties
Use group
LIQUOR STORE
Status
Off-Market
Year built
1917
Construction
CONCRETE BLOCKS
Heating
NONE
Buildings
1
Stories
2
Total area
2,136 SF
Lot
0.07 ac (3,220 SF)
APN
39 00080-0000-00012
UPID
US59-1518610
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
Building & site characteristics
From public records
Year built
1917
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Buildings
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Sspf LLC
Entity
Free & Clear · 10 yrs held
Mailing address
15 CHRISTIE LN, FREEHOLD, NJ 07728-3188
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2021
—
Sspf LLC
—
Deed
related
$484,000 · Brunswick Bank & Trust Co
Nov 10, 2016
—
Sspf LLC
—
Deed
related
$297,000 · Magyar Bk
May 6, 2016
$200,000
Sspf LLC
Parekh Mohanial
Grant Deed
—
Jan 26, 2007
—
Mohanlal N Parekh
Parekh,mohanlal N
Quit Claim Deed
related
—
—
—
Sspf LLC
—
Deed Of Trust
related
$297,000 · Magyar 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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