Financial
Distress signals
Property profile

331 Newman Springs Rd Red Bank, NJ 07701

FOR LEASE
Other commercial real estate
Property ID
US59-2173894
107,553 SF 8.7 ac lot Built 1984
Last sale Jun 2021 · $58,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An office property totaling 66,253 square feet is located at the Garden State Parkway exit 109 (GSP exit 109). The property was fully renovated in 2019 and includes a newly constructed amenity building. It is positioned for visibility from the Garden State Parkway and is accessed via a four-way interchange, with proximity to major roadways including County Route 520, Route 18, Route 35, and Route 195. On-site amenities and common areas are supported by a fitness center, cafe, conference center,

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$295k
Tax billed · 2022
Assessed value$16.95M
Assessed land$3.22M
Assessed improvement$13.73M
Effective rate1.74%

Value estimate

· Sep 2026
$14.26M
$12.83M – $15.69M
Sales comparison$10.15M
NOI build-up
Gross scheduled income$3.23M
Vacancy & credit loss−$1.03M
Operating expenses−$549k
NOI · 1,828,401.11% cap applied$1.65M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$297/SF
ZIP average, outlier-cleaned · 121 recorded sales of this use type
Observed band · Q1–Q3$221 – $416

Cap rate analysis

How does the asset earn?
1,828,401.11%
$1.65M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BP
JurisdictionMONMOUTH

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant10.2
Wholesale Shop10.0
Clothing Store8.1

Location

331 Newman Springs Rd Red Bank, NJ 07701
County assessor Recorded deeds · 6 transfers Comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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