9-Unit Mixed-Use
For Sale
$2,300,000
41 E Main Street Unit 41, Freehold, NJ 07728
Ground-floor retail combines with offices and apartments in one commercial property.
Property Size9,652 SF
Price / SF$238.29
Days on Market248
Property Features for 41 E Main Street Unit 41
General Information
Standard status
Active
Size
9,652 SF
Property subtype
Mixed Use
Occupancy
100%
Net Operating Income
$142,000
Additional Details
Office Units
3
Amenities
Central Air, Window Air Conditioning
3
Other
Parking.
Open Parking, Off Site, On Site, Off Street, On Street.
Sidewalks.
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Summit Realty Services Inc.
(732) 918-9008
Listed By:
Salvatore Dellomo · License #8932421
(732) 918-9008
Source:
Xome
Added: Dec 26, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:20PM
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 9,652-square-foot mixed-use building contains nine units across multiple commercial and residential components. The first floor includes two retail spaces, while three office tenants occupy additional space. Four apartments complete the unit mix, consisting of two two-bedroom residences and two one-bedroom residences.
The property is located at 41 E Main Street, Unit 41, in Freehold, New Jersey. On-site, off-site, off-street, and on-street parking options are identified, with sidewalks serving the property. Cooling features include central air and window air conditioning.
The property is located at 41 E Main Street, Unit 41, in Freehold, New Jersey. On-site, off-site, off-street, and on-street parking options are identified, with sidewalks serving the property. Cooling features include central air and window air conditioning.
Key Highlights
- 9,652‑square‑foot mixed‑use building with 9 total units
- Two first‑floor retail spaces
- Three office tenants and 4 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 - Ground-floor retail combines with offices and apartments in one commercial property.
Where is this mixed-use property located?
The property is located at 41 E Main Street Unit 41 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 with 9 total units; Two first‑floor retail spaces; Three office tenants and 4 apartments
