Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    138 Howell Rd Freehold, NJ 07728

    Sponsored
    For Sale
    Pending
    $2,300,000

    UnimprovedLand - Freehold, NJ

    Lot size:
    28.55 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 26 at 6:06 pm

    Property Features for 138 Howell Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    Lot size
    28.55 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Smith

    Berkshire Hathaway HomeServices Fox & Roach, Realtors

    Listing agent Brian Smith (609) 890-3300

    Listing date Jan 7, 2026

    MLS# 22529080 Listing URL

    Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    34+ Acres with ARE6 Zoning

    This property features two contiguous parcels totaling 34.6 acres, with one lot just over 6 acres and the other 28.55 acres. Zoned ARE6, the land offers potential for various uses, including a possible subdivision. Buyers should perform their own due diligence regarding zoning and approvals. This expansive tract provides flexibility and privacy for a private estate, agricultural use, or development possibilities. The property includes a home and structures being sold AS IS. It is located in Freehold, NJ.
    Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Law Firm Dental Office Building Supply Gym & Fitness Pharmacy Wholesale Shop Accounting Firm Kitchen & Bath Department Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freehold
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.241518
    Latitude
    40.221084

    Nearby Similar for Sale

    • $426,000

      Medical/Professional Office Condo For Sale

      Medical/professional office condo near CentraState Medical Center.
      515 Iron Bridge Rd, Freehold, NJ 07728
      View Details
    • $549,000
      Pending

      Freehold Two-Family Investment Opportunity

      Legal two-family home in desirable Freehold neighborhood, excellent rental potential.
      11 Hull Ave, Freehold, NJ 07728
      View Details
    • $465,000
      Pending

      Route 9 Commercial Property

      Highly visible commercial property on Route 9 South in Freehold.
      620 Rte 9 S, Freehold, NJ 07728
      View Details
    • $475,000
      Pending

      Dental Office with Examining Rooms

      Dental office featuring five private examining rooms for sale or rent.
      82 W Main St, Freehold, NJ 07728
      View Details
    • $600,000
      1,276 SF

      Freehold Medical/Professional Office Building

      Four newly renovated suites zoned for medical or professional offices.
      190 South St, Freehold, NJ 07728
      View Details
    • $585,000
      1,551 SF

      Updated Townhouse in All-Age Community

      Updated 3-bedroom townhouse with modern amenities in a vibrant community.
      13 Perri Rd, Freehold, NJ 07728
      View Details
    • $600,000
      1,600 SF

      Turnkey Dental Condo For Sale

      Fully equipped dental condo in prime Freehold location.
      4255 Us Highway 9, Freehold, NJ 07728
      View Details
    • $600,000
      1,600 SF

      Built-Out Dental Office For Sale

      Fully equipped dental office with premium equipment and dedicated lab.
      4255 Rte 9, Freehold, NJ 07728
      View Details
    • $1,295,000
      5,546 SF

      Downtown Freehold Multi-Use Commercial Property

      Versatile commercial property in downtown Freehold, ideal for office or restaurant.
      75 South St, Freehold, NJ 07728
      View Details
    • $7,600,000
      15,224 SF

      Freehold Commercial Property For Sale

      15,000 SF commercial property in Freehold, NJ with income.
      32 Broad St, Freehold, NJ 07728
      View Details
    • $465,000

      Poets Corner Home with Backyard

      Two-bedroom home in Poets Corner with private backyard and patio.
      10 Whittier Ct, Freehold, NJ 07728
      View Details
    • $319,500

      Charming Detached Ranch Home

      Desirable 55+ community with updated amenities and farm views.
      35 Ivy Ridge Close, Freehold, NJ 07728
      View Details

    FAQs

    What type of property is this?
    Land - Two combined lots totaling 34+ acres with ARE6 zoning.
    Where is this land located?
    The property is located at 138 Howell Rd Freehold, NJ.
    What is the asking price?
    The asking price for this property is $2,300,000.
    What are key features of this property?
    This property features: - 34+ Acres of Land: Offers significant space and privacy.; - ARE6 Zoning: Provides potential for various uses, including possible subdivision (buyer to verify).; - Two Contiguous Parcels: Consists of two combined lots for added flexibility.
    (732) 710-2535
    Request Owner's contact information
    138 Howell Rd Freehold, NJ 07728
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    138 Howell Rd
    Freehold, NJ 07728
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    138 Howell Rd Freehold, NJ 07728
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brian Smith
    Real Estate License ID: 1008517
    (732) 710-2535
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.