Nine-Unit Mixed-Use
For Sale
$2,300,000
41 E Main Street, Freehold, NJ 07728
COMMERCIAL - Freehold, NJ
Property Size9,652 SF
Lot Size0.27 Acres
Price / SF$238.29
Days on Market29
Property Features for 41 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Office, Multi-Family, Retail, Residential, Professional, Mixed, Commercial
Rooms
Basement
Parking features
Off Street, Parking Lot, Open, Offsite, On Street
Exterior features
Lighting
Fireplace
1
Basement
Full
Lot features
Level, Sidewalks
Directions
GPS
Standard status
Active
APN
16-00040-0000-00007-01
Size
9,652 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
29963
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air, Electric, Window Unit(s)
Water source
Public
Building Details
Floors in Building
2
Building materials
Brick, Stucco
Roof type
Flat, Shingle, Asphalt
Listing Agency:
Summit Realty Services Inc.
(732) 918-9008
Listed By:
Salvatore Dellomo · License #8932421
(732) 918-9008
Added: Aug 3
Changed: Aug 7
Last Checked: Aug 31 at 5:06PM
MLS# 22623784
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 41 E Main Street in Freehold, New Jersey, this 9,652-square-foot mixed-use building sits on a 0.27-acre parcel. The property contains nine units, including two first-floor retail spaces, three office suites, and four residential apartments. The residential component includes two two-bedroom units and two one-bedroom units, creating a varied occupancy profile within one asset.
The building is reported as 100% occupied and includes open, off-street, offsite, parking-lot, and on-street parking options. Exterior construction features brick and stucco, with a flat asphalt and shingle roof. Building systems include forced-air heating, central air, window units, and electric cooling. Public water and public sewer serve the property, while a basement and exterior lighting add functional support.
The building is reported as 100% occupied and includes open, off-street, offsite, parking-lot, and on-street parking options. Exterior construction features brick and stucco, with a flat asphalt and shingle roof. Building systems include forced-air heating, central air, window units, and electric cooling. Public water and public sewer serve the property, while a basement and exterior lighting add functional support.
Key Highlights
- 9,652‑square‑foot mixed‑use building on 0.27 acres
- Nine units: two retail, three office, and four apartments
- Residential mix includes two 2‑bedroom and two 1‑bedroom apartments
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$148,428
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,968,560
$3.0M
Cap Rate 7%
$2,120,400
$2.1M
Cap Rate 9%
$1,649,200
$1.6M
Market Conditions
NOI Build-Up for 9,652 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$289.6K $30.00/SF
− Vacancy
−$19.7K −$2.04/SF
EGI
$269.9K $27.96/SF
− OpEx
−$121.4K −$12.58/SF
NOI
$148.4K $15.38/SF
Area
Monmouth County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,968,560
Cap Rate 7%
$2,120,400
Cap Rate 9%
$1,649,200
Alternative Uses
Best Use
Apartment 5plus
$2.12M
$1.86M – $2.47M
NOI $148,428 @ 7.0% cap · market cap 6.45%
Second Best
Office B
$2.11M
$1.85M – $2.46M
NOI $147,676 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,423 @ 7.0% cap · market cap 7.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
Explore this area
Business Placement
Demographics for 07728, NJ
56,444
Population
21,150
Households
2.7
Avg Household Size
43
Median Age
46%
College-Educated
92%
High-School Grad
49.6 sq mi
ZIP Area
1,138
Density / Sq Mi
$107,042
Median Household Income
$56,824
Median Earnings
$1,941
Median Rent
$490,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully occupied commercial property combining retail, office, and residential components in a single building.
Where is this mixed-use property located?
The property is located at 41 E Main Street 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: 9,652‑square‑foot mixed‑use building on 0.27 acres; Nine units: two retail, three office, and four apartments; Residential mix includes two 2‑bedroom and two 1‑bedroom apartments
