125 Half Mile RdRed Bank, NJ 07701

  • Commercial real estate
  • 96,170 SF
For Lease
$22.32/SF/YR View listing

Property Details for 125 Half Mile Rd

Year built
1989
Lot size
10.08 AC
Property size (Sq ft)
96,170 SF
Zone code
BP
Property type
Commercial real estate
APN
32 01098-0000-00107
APU
3201098000000107

Description

This Class A office building, located at 125 Half Mile Road, Suite 200, Tinton Falls, NJ 07701, in Monmouth County, offers a variety of workspace solutions. The 17,630 square foot building features 350 suites, currently boasting 5,970 square feet of vacant space. The property is ideal for businesses seeking executive office space, coworking arrangements, or creative office environments. Units range from a minimum of 10 square feet to a maximum contiguous space of 1,300 square feet, catering to diverse business needs. Renovated in 2019, the building includes elevators for convenient access. Enjoy a leafy landscaped setting with an on-site café offering hot drinks, meals, and snacks. The location provides a picturesque work environment with outdoor picnic areas, perfect for lunch breaks. This prime location in the popular commuter town of Red Bank offers easy access to major transportation routes. The building's multiple tenancy structure allows for flexible lease terms and adaptable space configurations. The property's attractive greenery and lively atmosphere contribute to a productive work environment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $20,344,018
    Hospitality
    $18,635,010
    Educational
    $15,504,110
    Medical
    $16,037,320
    Retail
    $24,117,504

Location Insight

City
Red Bank
County
Monmouth
State
New Jersey
Latitude
40.3396
Longitude
-74.0936
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$286,945
$6,545,500
$9,133,400
$15,678,900
-
$6,545,500
$9,133,400
$15,678,900

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