Mixed-Use Building with Retail
For Sale
$2,300,000
41 E Main St, Freehold, NJ 07728
Mixed-use building featuring retail spaces and residential apartments.
Property Size9,652 SF
Price / SF$238.29
Days on Market201
Property Features for 41 E Main St
General Information
Standard status
Active
Size
9,652 SF
Listing Agency:
Summit Realty Services Inc.
Listed By:
Salvatore Dellomo · License #8932421
(732) 918-9008
Source:
Thebansalteam
Added: Mar 27
Changed: Oct 3
Last Checked: Oct 7 at 4:26PM
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 Summit Realty Services Inc.
Investment Insights
Based on property information with market context.
This mixed-use building features two 1,200-square-foot retail spaces on the first floor. The second and third floors contain two 2-bedroom apartments and two 1-bedroom apartments. The property is described as an income-producing property. The building has a total size of 9,652 square feet.
Key Highlights
- Great income‑producing property
- Mixed‑use building with retail and residential units
- Two first‑floor retail spaces, each boasting 1,200 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,302
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,606,040
$2.6M
Cap Rate 7%
$1,861,457
$1.9M
Cap Rate 9%
$1,447,800
$1.4M
Market Conditions
NOI Build-Up for 9,652 SF
Gross rent
$231.6K $24.00/SF
− Vacancy
−$23.2K −$2.40/SF
EGI
$208.5K $21.60/SF
− OpEx
−$78.2K −$8.10/SF
NOI
$130.3K $13.50/SF
Area
Monmouth County, NJ
Vacancy
10.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,606,040
Cap Rate 7%
$1,861,457
Cap Rate 9%
$1,447,800
Alternative Uses
Best Use
Mixed Use
$1.86M
$1.63M – $2.17M
NOI $130,302 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Property Analytics
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Current Use
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building featuring retail spaces and residential apartments.
Where is this mixed-use property located?
The property is located at 41 E Main St 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: Great income‑producing property; Mixed‑use building with retail and residential units; Two first‑floor retail spaces, each boasting 1,200 SF
