Vanilla-Box Retail
For Sale
Contact for pricing
31 E Main Street, Freehold, NJ 07728
B-2 zoning permits retail and a range of service-oriented businesses.
Property Size2,550 SF
Price / SF$2.70
Days on Market218
Property Features for 31 E Main Street
General Information
Standard status
Active
Size
2,550 SF
Property subtype
Retail
Zoning
B-2
Listing Agency:
C21 Thomson & Co.
Listed By:
Michael Fabozzi · License #1648315
(732) 945-7035
Source:
Defelicerealtygroup
Added: Mar 30
Changed: Oct 31
Last Checked: Oct 31 at 3:29AM
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 C21 Thomson & Co.
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Investment Insights
Based on property information with market context.
This retail space is described as a vanilla box, offering a basic interior for a tenant’s custom fit-out. The property is in the B-2 General Commercial District, where permitted uses include retail shops, restaurants, beauty salons, professional offices, and art studios.
Located at 31 E Main Street in downtown Freehold Borough, the property is near municipal parking. The address places it on E Main Street within the borough’s downtown area.
Located at 31 E Main Street in downtown Freehold Borough, the property is near municipal parking. The address places it on E Main Street within the borough’s downtown area.
Key Highlights
- Vanilla‑box retail interior ready for tenant fit‑out
- B‑2 General Commercial District permits retail, restaurants, salons, offices, and art studios
- 31 E Main Street address in downtown Freehold Borough, near municipal parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,397
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,940
$727.9K
Cap Rate 7%
$519,957
$520.0K
Cap Rate 9%
$404,411
$404.4K
Market Conditions
NOI Build-Up for 2,550 SF
Gross rent
$55.1K $21.60/SF
− Vacancy
−$3.1K −$1.21/SF
EGI
$52.0K $20.39/SF
− OpEx
−$15.6K −$6.12/SF
NOI
$36.4K $14.27/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$727,940
Cap Rate 7%
$519,957
Cap Rate 9%
$404,411
Alternative Uses
Best Use
Retail
$520.0K
$455.0K – $606.6K
NOI $36,397 @ 7.0% cap · market cap 528.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$665.9K
$582.6K – $776.8K
NOI $46,610 @ 7.0% cap · market cap 676.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,408
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
9,209 visits/mo
0.1 miles
Wells Fargo
Shops & Services
6,928 visits/mo
0.1 miles
7-Eleven
Shops & Services
4,834 visits/mo
0.1 miles
Carstar
Shops & Services
211 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - B-2 zoning permits retail and a range of service-oriented businesses.
Where is this retail space located?
The property is located at 31 E Main Street Freehold, NJ.
What are key features of this property?
This property features: Vanilla‑box retail interior ready for tenant fit‑out; B‑2 General Commercial District permits retail, restaurants, salons, offices, and art studios; 31 E Main Street address in downtown Freehold Borough, near municipal parking
