245 Half Mile Rd Red Bank, NJ 07701-6747
Property profile & analytics
245 Half Mile Rd, Red Bank, NJ 07701-6747
- Commercial real estate
- 80,762 SF
- 5.63 lot acres
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.
Location Intelligence
Current Use by Public Records
- Isalis / (Bike/Boat/Book/etc) Store
- Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
- Skunk Funk / Big Box & Wholesale Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store
Property Details for 245 Half Mile Rd
- Year built
- 1988
- Construction
- METAL FRAME
- Lot size
- 5.63 lot acres
- Zone code
- OR-1
- Property type
- Commercial real estate
- APN
- 32 01098-0000-00109
- APU
- 3201098000000109
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 27, 2020 | — | Cbm Two Hotels LP | — | Deed · related | $684M · Dbr Invs Co Ltd |
| Apr 13, 2015 | — | Courtyard Management Corp | Cbm Two Hotels LP | Grant Deed · related | — |
| Jan 13, 2006 | $2,997,348 | C2 Land | Essex House Condominium Corp | Grant Deed · related | $120M · Lehman Brothers Bank Fsb |
| — | — | Cbm Two Hotels LP | — | Deed Of Trust · related | $684M · Dbr Invs Co Ltd |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $18,170,000
- 6.5%
- $16,775,000
- 7%
- $15,575,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $20,327,000
- AI Estimate
- $10,175,000
Market price range: $17.8M - $33.6MMarket price range: $5.58M - $18.7M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $24,025,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $21,345,000 Change: -11% Conversion: Moderate
- OFFICE BUILDING
- $19,910,000 Change: -17% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
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
Similar Nearby for Sale
Similar Nearby for Lease
Property Visit Statistics
-
Visits by month13.6k
-
Visitors by month5.0k
-
Avg Time on site346 min
