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Property profile & analytics
OFF-MARKET
Estimated value
$1,645,000
Office buildings
709 Sycamore Ave Red Bank, NJ 07701-4946
Entity Owned
Free & Clear
Property ID
US59-1200025
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1906
Total area
7,812 SF
Lot
1.14 ac (49,662 SF)
Zoning code
HCC
APN
49 00019-0000-00001
UPID
US59-1200025
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
by Request
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$1.65M
Owner & transaction history
Red Bank Holdings LLC
Red Bank Holdings LLC
since 2026
3 recorded transactions
Zoning & alternative use
HCC · Red Bank, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+20.7%
Apartment house (5+ units)
$2.1M
+7.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,125,000
6.5%
$1,960,000
7%
$1,820,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,925,000
Current use
COMMERCIAL (GENERAL)
$2,325,000
Change: +21% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,065,000
Change: +7% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,610,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$1.65M
Range $1.48M – $1.81M · ±10%
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
$211 / 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
$25,722
Tax year 2022
Assessed value
$1,649,100
Assessed 2023
Previous assessed
$1,649,100
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$773,800
Assessed improvement
$875,300
Land market value
$773,800
Improvement market value
$875,300
Total market value
$1,649,100
Applied tax rate
49.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1906
Heating
NONE
Buildings
1
Total area
7,812 SF
Lot
1.14 ac (49,662 SF)
Zoning code
HCC
APN
49 00019-0000-00001
UPID
US59-1200025
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
HCC · Red Bank, NJ
Zoning HCC · permitted uses
HCC · Red Bank, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Red Bank. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
INDUSTRIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1906
Heating
NONE
Buildings
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Red Bank Holdings LLC
Entity
Free & Clear · 0 yrs held
Mailing address
641 OCEANVIEW RD, BRIELLE, NJ 08730-1220
Ownership since
2026
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
Feb 17, 2026
—
Red Bank Holdings LLC
Red Bank Holdings LLC
Deed
related
—
Aug 8, 2025
—
Red Bank Holdings LLC
Wall Company INC
Deed
—
Mar 16, 2018
$1,450,000
Wall
Picone,frank J & Stephanie
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.
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