Flex Space with Drive-In
For Sale
$849,000
6 Spring Street, Freehold, NJ 07728
Commercial Sale, Freehold, NJ
Property Size3,400 SF
Price / SF$249.71
Days on Market95
Property Features for 6 Spring Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Off Street, On Street
Directions
East Main Street to Spring Street
Standard status
Active
APN
1
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
roll up drive in bay
Building Details
Floors in Building
2
Listing Agency:
Resources Real Estate
Listed By:
Jo Ann Davenport
(732) 212-0440
Added: Jul 17
Changed: Oct 17
Last Checked: Oct 19 at 12:06PM
MLS# 22621960
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.
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Investment Insights
Based on property information with market context.
This approximately 3,400-square-foot flex property occupies a former firehouse that has been converted for office use. The building retains its original character while providing a practical commercial layout, including a roll-up drive-in bay that can support contractor-oriented operations. Central air is installed, and the property is served by public water and public sewer.
The property is located on Spring Street in Freehold, near the downtown business district, with access to local dining, amenities, and transportation routes. Parking is available both on site and along the street. The building may accommodate professional, office, creative, or other permitted uses, and it can also be purchased together with 9 Spring Street.
The property is located on Spring Street in Freehold, near the downtown business district, with access to local dining, amenities, and transportation routes. Parking is available both on site and along the street. The building may accommodate professional, office, creative, or other permitted uses, and it can also be purchased together with 9 Spring Street.
Key Highlights
- Approximately 3,400 square feet of flex space
- Former firehouse converted for office use
- Roll‑up drive‑in bay suited to contractor operations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,770
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,400
$1.1M
Cap Rate 7%
$796,714
$796.7K
Cap Rate 9%
$619,667
$619.7K
Market Conditions
NOI Build-Up for 3,400 SF
Gross rent
$110.6K $32.52/SF
− Vacancy
−$24.8K −$7.28/SF
EGI
$85.8K $25.24/SF
− OpEx
−$30.0K −$8.83/SF
NOI
$55.8K $16.40/SF
Area
Monmouth County, NJ
Vacancy
22.40%
Lease Rate
$32.52 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,115,400
Cap Rate 7%
$796,714
Cap Rate 9%
$619,667
Alternative Uses
Best Use
Flex RnD
$796.7K
$697.1K – $929.5K
NOI $55,770 @ 7.0% cap · market cap 6.57%
Second Best
Office B
$743.1K
$650.3K – $867.0K
NOI $52,020 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$887.8K
$776.8K – $1.04M
NOI $62,147 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,368
Businesses Nearby
Under-served
Demand for This Use
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
Similar Off Market Nearby
- Aurum Events — 17 South St, Freehold, NJ 07728
Frequently Asked Questions
What type of property is this?
Flex space - Former firehouse configured for office use with central air and public utilities.
Where is this flex space located?
The property is located at 6 Spring Street Freehold, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Approximately 3,400 square feet of flex space; Former firehouse converted for office use; Roll‑up drive‑in bay suited to contractor operations
