Nine-Unit Mixed-Use
For Sale
$2,300,000
41 E Main Street, Freehold, NJ 07728
Commercial Sale, Freehold, NJ
Property Size9,652 SF
Lot Size0.27 Acres
Price / SF$238.29
Days on Market47
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
Offsite, Off Street, On Street, Parking Lot, Open
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, Window Unit(s), Electric
Water source
Public
Building Details
Floors in Building
2
Building materials
Brick, Stucco
Roof type
Shingle, Asphalt, Flat
Listing Agency:
Summit Realty Services Inc.
Listed By:
Salvatore Dellomo · License #8932421
(732) 918-9008
Added: Aug 3
Changed: Sep 13
Last Checked: Sep 18 at 3:06AM
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.
This 9,652-square-foot mixed-use building contains nine units arranged across multiple commercial and residential components. The property includes two first-floor retail spaces, three office units, and four apartments consisting of two 2-bedroom residences and two 1-bedroom residences. Brick and stucco construction, forced-air heating, central air, window units, electric cooling, and asphalt, shingle, and flat roof components are present. A basement is also included.
The 0.27-acre property is served by public water and public sewer. Parking options include off-street, offsite, on-street, open, and parking-lot spaces. Exterior lighting and a fireplace are additional physical features.
The 0.27-acre property is served by public water and public sewer. Parking options include off-street, offsite, on-street, open, and parking-lot spaces. Exterior lighting and a fireplace are additional physical features.
Key Highlights
- 9,652‑square‑foot mixed‑use building on 0.27 acres
- 9 units: 2 retail spaces, 3 office units, and 4 apartments
- Apartment mix includes two 2‑bedroom and two 1‑bedroom residences
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
$147,676
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
6.42%
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%
$2,953,520
$3.0M
Cap Rate 7%
$2,109,657
$2.1M
Cap Rate 9%
$1,640,844
$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
−$92.7K −$9.60/SF
EGI
$196.9K $20.40/SF
− OpEx
−$49.2K −$5.10/SF
NOI
$147.7K $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%
$2,953,520
Cap Rate 7%
$2,109,657
Cap Rate 9%
$1,640,844
Alternative Uses
Best Use
Office B
$2.11M
$1.85M – $2.46M
NOI $147,676 @ 7.0% cap · market cap 6.42%
Second Best
Retail
$1.97M
$1.72M – $2.30M
NOI $137,766 @ 7.0% cap · market cap 5.99%
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
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick and stucco property combines retail, office, and residential occupancy with public water and sewer service.
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; 9 units: 2 retail spaces, 3 office units, and 4 apartments; Apartment mix includes two 2‑bedroom and two 1‑bedroom residences
