Second-Floor Retail
For Sale
Contact for pricing
5 W Main St, Freehold, NJ 07728
Flexible commercial suite suited to retail, professional, wellness, beauty, and specialty service uses.
Property Size1,500 SF
Price / SF$2.67
Days on Market89
Property Features for 5 W Main St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Multi-Family
Additional Details
Floor
Second Floor
Listing Agency:
Marquee Real Estate
Listed By:
Gary R Rosenzweig
(732) 333-0911
Source:
Soldbypattie
Added: Jul 20
Changed: Oct 5
Last Checked: Oct 16 at 1:07PM
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 Marquee Real Estate
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Investment Insights
Based on property information with market context.
This 1,500-square-foot second-floor commercial suite at 5 W Main St offers a layout suited to retail, professional, creative, wellness, beauty, and specialty service operations. The space was previously used by a bridal boutique, providing a documented retail-use history.
The property sits on Main Street in downtown Freehold, with access to local shops, restaurants, municipal parking, and major roadways. Its location is also described as supporting pedestrian activity and storefront exposure. Potential applications identified for the suite include boutique retail, formalwear, salon or spa services, medspa or wellness, professional offices, fitness, and specialty apparel.
The property sits on Main Street in downtown Freehold, with access to local shops, restaurants, municipal parking, and major roadways. Its location is also described as supporting pedestrian activity and storefront exposure. Potential applications identified for the suite include boutique retail, formalwear, salon or spa services, medspa or wellness, professional offices, fitness, and specialty apparel.
Key Highlights
- 1,500‑square‑foot second‑floor commercial suite
- Previous bridal boutique use
- Main Street location in downtown Freehold
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,410
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$30.6K $20.39/SF
− OpEx
−$9.2K −$6.12/SF
NOI
$21.4K $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%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Office B
$327.9K
$286.9K – $382.5K
NOI $22,950 @ 7.0% cap · market cap 573.75%
Second Best
Retail
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 535.25%
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 685.45%
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
1,408
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
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial suite suited to retail, professional, wellness, beauty, and specialty service uses.
Where is this retail space located?
The property is located at 5 W Main St Freehold, NJ.
What are key features of this property?
This property features: 1,500‑square‑foot second‑floor commercial suite; Previous bridal boutique use; Main Street location in downtown Freehold
