151 Bodman PlRed Bank, NJ 07701

Property Details for 151 Bodman Pl

Year built

1982

Lot size

1.15 AC

Property size (Sq ft)

29,178 SF

Zone code

WD

Property type

Office properties

Property subtype

Office buildings

APN

39 00003-0000-00001- 01

APU

390000300000000101

Description

The Coastal Building, located at 151 Bodman Place in Red Bank, New Jersey (zip code 07701), offers exceptional executive and traditional office spaces. This Monmouth County property boasts a total of 29,178 square feet, currently 100% occupied with multiple tenants. The building provides a range of suite sizes, accommodating businesses seeking spaces from 512 square feet to 3,900 square feet. The address is conveniently situated in Red Bank, offering easy access to local amenities and transportation. The building's classification as both executive and traditional office space caters to a diverse range of professional needs, providing a flexible and adaptable environment for various business models. This prime location in Monmouth County, New Jersey, presents a unique opportunity for businesses seeking a well-established and highly sought-after office space. The building's current occupancy reflects its desirability and the high quality of its offerings. Interested parties are encouraged to inquire about leasing opportunities. The building's precise layout and specific amenities are available upon request. This is a fully occupied building, presenting a strong investment opportunity for those seeking a stable and well-located commercial property. Further details regarding lease terms and conditions can be provided upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $5,392,536

  6.5%

  $4,977,726

  7%

  $4,622,174

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,812,398

  Geo Method

  $3,812,398

• Alternative Use

  Use

  Valuation

  Residential

  $6,172,380

  Hospitality

  $5,653,867

  Educational

  $4,703,951

  Medical

  $4,865,727

  Retail

  $7,317,257

Location Insight

City

Red Bank

County

Monmouth

State

New Jersey

Latitude

40.355

Longitude

-74.0755

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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