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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). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Property summary

AI-generated overview

The property provides a shared office environment offering furnished private offices and conference rooms for hourly or daily use, along with business support services. It includes a Class A office suite with high-speed internet, conference rooms, a complete kitchen, guest reception desk services, a waiting area, cable and utilities, cleaning services, and access to business equipment, as well as a private mailbox with mail forwarding options. A remote reception service is available separately,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$295k
Tax billed · 2022
Assessed value · 2023$16.95M
Assessed land$3.22M
Assessed improvement$13.73M
Effective rate1.74%

Value estimate

· Oct 2026
$14.26M
$12.83M – $15.69M
Submarket $/SF estimate$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
Restaurant29.7
Dental Office19.2
Building Supply19.2

Location

331 Newman Springs Rd Red Bank, NJ 07701
County assessor Recorded deeds · 7 transfers Qualifying 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 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
810 Frnt, Red Bank, NJ 07701 $2,200,000 Feb 2026 7,175 SF
303 Broad, Red Bank, NJ 07701-2101 $6,201,462 Jul 2025 26,288 SF
350 State Rte 35, Red Bank, NJ 07701-5916 $1,700,000 May 2025 10,182 SF
315 State Rte 35, Red Bank, NJ 07701-5913 $1,500,000 Jan 2025 10,724 SF
176 Riverside, Red Bank, NJ 07701-1063 $7,400,000 Dec 2024 20,075 SF
141 Bodman, Red Bank, NJ 07701-1014 $7,400,000 Dec 2024 15,150 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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