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    Property profile & analytics

    245 Half Mile Rd Red Bank, NJ 07701-6747

    • Commercial real estate
    • 80,762 SF
    • 5.63 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US59-1323736
    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

    • Courtyard Lincroft Red Bank / Hotel / Meeting Planning Service
    • The Bistro – Eat. Drink. Connect.® / American Restaurant / Bistro

    Property Details for 245 Half Mile Rd

    Year built
    1988
    Construction
    METAL FRAME
    Lot size
    5.63 lot acres
    Property size
    80,762 SF
    Zone code
    OR-1
    Property type
    Commercial real estate
    APN
    32 01098-0000-00109
    APU
    3201098000000109

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Red Bank
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0954
    Latitude
    40.3385
    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
    $309,622
    $6,474,500
    $10,516,000
    $16,990,500
    -
    $6,474,500
    $10,516,000
    $16,990,500

    Comparable in this City

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      0.08 Acres

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      0.19 Acres

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      COMMERCIAL (GENERAL) • 0.19 Acres
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      3,687 SF

      33 Allen Pl

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      33 Allen Pl, Red Bank, NJ 07701-1001
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      21 Gilbert St

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      21 Gilbert St, Tinton Falls, NJ 07701-4950
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      12,989 SF

      500 Shrewsbury Ave

      COMMERCIAL (GENERAL) • 12,989 SF
      500 Shrewsbury Ave, Tinton Falls, NJ 07701-4906
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      59,968 SF

      134 Pearl St

      COMMERCIAL (GENERAL) • 59,968 SF
      134 Pearl St, Red Bank, NJ 07701-1525
      View Details

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    Property Visit Statistics

    • Visits by month
      13.6k
    • Visitors by month
      5.0k
    • Avg Time on site
      346 min
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    245 Half Mile Rd
    Red Bank, NJ 07701-6747
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    Realmo Value Estimation

    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.

    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.

    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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