Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    34+ Acres with ARE6 Zoning Title is generated by Realmo AI

    138 Howell Road, Freehold, NJ 07728

    View on Map
    Claim this Listing
    For Sale
    $2,300,000

    UnimprovedLand - Freehold, NJ

    Lot size:
    28.55 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    34
    Last Refresh:
    May 26 at 5:06 pm

    Property Features for 138 Howell Road

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brian Smith

    Listing agent Brian Smith

    Listing office BHHS Fox & Roach Robbinsville Sales Office 17 Main Street, Suite 402, NJ

    Listing date Apr 23, 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.

    HighLights

    • 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.
    • Desirable Location: Situated in an area considered to be highly sought after.
    • Potential for Private Estate or Agricultural Use: Suited for building a large residence or farming.
    • Development Possibilities: Presents opportunities for land development (buyer to verify).

    Overview

    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 / Farmland

    Suggested Use

    Law Firm Dental Office Building Supply Gym & Fitness Center Pharmacy Big Box & Wholesale Store Accounting Firm Kitchen & Bath Showroom 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
    -74.241174
    Latitude
    40.2203781

    Nearby Similar for Sale

    • $575,000
      1,137 SF

      Commercial Building on Route 33

      Commercial building on 0.87 acres, prime location on Route 33.
      954 State Route 33, Freehold, NJ 07728
      View Details
    • $829,900
      1,813 SF

      Freehold Township Estate Opportunity

      Rare 4-acre estate with lake views and park access.
      94 Topanemus Lane, Freehold, NJ 07728
      View Details
    • $1,000,000
      3,410 SF

      Freehold Retail Opportunity

      Freestanding building in downtown Freehold with high visibility.
      61 W Main St, Freehold, NJ 07728
      View Details
    • $535,000
      1,625 SF

      Freehold Two-Family Investment Opportunity

      Two-family property near downtown Freehold with investment potential.
      11 Hull Avenue, Freehold, NJ 07728
      View Details
    • $2,300,000
      9,652 SF

      Mixed-Use Property in Freehold, NJ

      Income-producing mixed-use property with retail, office, and residential units.
      41 E Main Street, Freehold, NJ 07728
      View Details
    • $375,000
      1,302 SF

      Medical/Professional Office Condo For Sale

      Medical/professional office condo in Iron Bridge Park, near CentraState.
      515 Iron Bridge Road, Freehold, NJ 07728
      View Details
    • $999,000
      2,680 SF

      Victorian Triplex Investment Opportunity

      Turn-key, income-producing property near downtown Freehold.
      27 Spring Street, Freehold, NJ 07728
      View Details
    • $689,000
      2,440 SF

      Downtown Freehold Brick Colonial Office

      Stately brick colonial office building in downtown Freehold.
      80 Court Street, Freehold, NJ 07728
      View Details
    • $250,000
      1,550 SF

      Turnkey Dental Practice on Route 9

      Turnkey dental practice for sale in Monmouth County, NJ.
      4255 Route 9, Freehold, NJ 07728
      View Details
    • $550,000

      Freehold Township Land Parcel

      Approximately 4.5-acre parcel in a desirable and private setting.
      205 Siloam Road, Freehold, NJ 07728
      View Details
    • $340,000
      2,600 SF

      Monmouth County Childcare Business Opportunity

      Licensed childcare center in central Monmouth County. Business only for sale.
      18 Thoreau Drive, Freehold, NJ 07728
      View Details
    • $117,000

      Wooded Lot in Freehold Township

      Private, wooded lot near Route 9 with utilities available.
      280 Schanck Road, 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 Road 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
    We can help!
    Listing Contact
    Brian Smith
    Real Estate License ID: 1008517
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    138 Howell Road, Freehold, NJ 07728
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!