Dental Office with Examining
For Sale
$475,000
Pending
82 W Main Street, Freehold, NJ 07728
Dental office featuring five private examining rooms for sale.
Property Size1,561 SF
Lot Size0.26 Acres
Days on Market1140
Property Features for 82 W Main Street
General Information
Standard status
Pending
Size
1,561 SF
Lot size
0.26 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,054
Amenities
Central air
Baseboard Heating
Central Air Cooling
Linoleum Flooring
Off Street
On Site
On Street
Paver Block
Sidewalks
Building Details
Year Built
1950
Listing Agency:
RE/MAX INNOVATION
(732) 298-6006
Listed By:
ALZIRA FARINHAS · License #9913826
(732) 259-3522
Source:
Corcoran
Added: Jul 27, 2023
Changed: Aug 8
Last Checked: Jul 23 at 9:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX INNOVATION
Investment Insights
Based on property information with market context.
This commercial property is available for sale or for rent and is currently configured as a dental office. The layout includes a reception room, a waiting room, and five private examining rooms, each equipped with its own sink. Additionally, the property features two kitchens, an X-ray room, an oxygen room, and a private office with a private half bath. There are also three half baths located outside of the private office. A trap door provides access to the basement. Parking is available for 10 or more vehicles. The property is subject to a Triple Net Lease, with a monthly rent of $2900 plus all utilities and taxes. Egress and ingress to the parking lot are shared with 84 W Main. The property size is 1561 square feet. The seller is willing to hold a Note.
Key Highlights
- Equipped Dental Office: Includes reception, waiting room, 5 examining rooms with sinks, X‑Ray room, and oxygen room.
- Ample Parking: Parking available for 10+ vehicles.
- Multiple Kitchens: Features 2 kitchens.
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
$23,883
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
5.03%
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%
$477,660
$477.7K
Cap Rate 7%
$341,186
$341.2K
Cap Rate 9%
$265,367
$265.4K
Market Conditions
NOI Build-Up for 1,561 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
$46.8K $30.00/SF
− Vacancy
−$15.0K −$9.60/SF
EGI
$31.8K $20.40/SF
− OpEx
−$8.0K −$5.10/SF
NOI
$23.9K $15.30/SF
Area
Monmouth County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$477,660
Cap Rate 7%
$341,186
Cap Rate 9%
$265,367
Alternative Uses
Best Use
Office B
$341.2K
$298.5K – $398.1K
NOI $23,883 @ 7.0% cap · market cap 5.03%
Second Best
Healthcare Medical
$332.0K
$290.5K – $387.4K
NOI $23,243 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$407.6K
$356.7K – $475.6K
NOI $28,533 @ 7.0% cap · market cap 6.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,309
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - Dental office featuring five private examining rooms for sale.
Where is this medical office space located?
The property is located at 82 W Main Street Freehold, NJ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Equipped Dental Office: Includes reception, waiting room, **5 examining rooms with sinks, X‑Ray room, and oxygen room.**; Ample Parking: Parking available for 10+ vehicles.; Multiple Kitchens: Features 2 kitchens.
