Downtown Freehold Multi-Use Commercial
75 South Street, Freehold, NJ 07728
Versatile commercial property in downtown Freehold, ideal for office or restaurant.
Type:Commercial
Property size:
5,546 SFPrice / SF:
$233/SF- Added:
- Jun 14, 2025
- Days on Market:
- 347
- Last Refresh:
- May 10 at 10:56 pm
Property Features for 75 South Street
General Information
- Standard status
- Active
- Size
- 5,546 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1863
Listing agent DONNA MANETTA
Listing office C/21 ACTION PLUS REALTY (800) 299-2129
Listing date Jun 14, 2025
Source Corcoran
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 C/21 ACTION PLUS REALTY
HighLights
- Prime downtown Freehold location with high visibility and foot traffic.
- Versatile space suitable for office, restaurant, or mixed‑use business.
- Modern second‑floor office space featuring 5 rooms, a full kitchen, dining room, and 2 full baths.
- Two balconies.
- Seven large rooms on the first floor.
- Proximity to restaurants, shops, and municipal parking.
Overview
This commercial property is located in downtown Freehold Borough. The property is suitable for a professional office, restaurant, or mixed-use business. The first floor includes two half bathrooms and seven large rooms. The second floor features a modern office space with five additional rooms, a full kitchen, a dining room, and two full bathrooms. There are also two balconies. The location benefits from foot traffic, nearby restaurants and shops, and municipal parking.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$942.8K
NOI $84,854 @ 9.00% cap · cautious / downside scenario
Moderate
$1.21M
NOI $84,854 @ 7.00% cap · market / base-case scenario
Aggressive
$1.70M
NOI $84,854 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.4k | $30.00 |
| − Vacancy | −$53.2k | −$9.60 |
| EGI | $113.1k | $20.40 |
| − OpEx | −$28.3k | −$5.10 |
| NOI | $84.9k | $15.30 |
5,546 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,854 @ 7.0% cap · market cap 6.55%
Second Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,814 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,372 @ 7.0% cap · market cap 7.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Freehold
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.2731
- Latitude
- 40.2561
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Versatile commercial property in downtown Freehold, ideal for office or restaurant.
Where is this office units located?
The property is located at 75 South Street Freehold, NJ.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Prime downtown Freehold location with high visibility and foot traffic.; Versatile space suitable for office, restaurant, or mixed‑use business.; Modern second‑floor office space featuring 5 rooms, a full kitchen, dining room, and 2 full baths.
