Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Commercial real estate
31 Central Ave Red Bank, NJ 07701-1509
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-0998416
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1992
Total area
500 SF
Lot
0.14 ac (6,200 SF)
Zoning code
R-B2
APN
39 00075-0000-00097
UPID
US59-0998416
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
$570k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
31 Central Ave LLC · 2 yrs held
31 Central Ave LLC
since 2024
Last sale
$570,000
3 recorded transactions
Zoning & alternative use
R-B2 · Red Bank, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
of district boundaries. § 490-135 Description of districts. § 490-136 Use regulations. § 490-137 RA Residential Zone District. § 490-138 RB Residential Zone District. § 490-139 R-B1 Residential Zone District. § 490-140 R-B2 Residential Zone District. § 490-141 RD Residential District. § 490-142 NB Neighborhood Business District. § 490-143 HB Highway Business…
Zone name
Residential B 2
General category
RESIDENTIAL
Zone area
39.15 ac
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
$570,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±10% · vs last sale $570k (Mar 21 2024)
Last sale anchor
$570k
Mar 21 2024
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
$1,140 / 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
$4,415
Tax year 2022
Assessed value
$237,600
Assessed 2023
Previous assessed
$237,600
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$172,300
Assessed improvement
$65,300
Land market value
$172,300
Improvement market value
$65,300
Total market value
$237,600
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
2
Total area
500 SF
Lot
0.14 ac (6,200 SF)
Zoning code
R-B2
APN
39 00075-0000-00097
UPID
US59-0998416
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
R-B2 · Red Bank, NJZoning R-B2 · permitted uses
R-B2 · Red Bank, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
of district boundaries. § 490-135 Description of districts. § 490-136 Use regulations. § 490-137 RA Residential Zone District. § 490-138 RB Residential Zone District. § 490-139 R-B1 Residential Zone District. § 490-140 R-B2 Residential Zone District. § 490-141 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 Cent
Zone name
Residential B 2
General category
RESIDENTIAL
Zone area
39.15 ac
Building & site characteristics
From public records
Year built
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
31 Central Ave LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 2517, FARMINGDALE, NJ 07727-2517
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2024
$570,000
31 Central Ave LLC
Robert William Duckworth
Deed
—
Jul 29, 2021
$200,000
Robert William Duckworth
Central Avenue Property LLC
Deed
—
Jan 18, 2018
$160,927
Central Avenue Property LLC
A & L Properties
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 31 Central Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
