Two-Building Office
New
For Sale
$1,250,000
78 Court Street, Freehold, NJ 07728
Separate office buildings offer a mix of private offices, meeting areas, reception space, and finished support areas.
Property Size5,945 SF
Lot Size0.55 Acres
Price / SF$210.26
Days on Market7
Property Features for 78 Court Street
General Information
Standard status
Active
Size
5,945 SF
Total Parking Spaces
19
Lot size
0.55 Acres
Property subtype
Commercial
Amenities
courtyard
generator
fireplaces
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Mid-State Realty
Listed By:
John Profaci · License #9231545
(732) 251-8900
Source:
Actionplusrealty
Added: Oct 12
Changed: Oct 16
Last Checked: Oct 16 at 8:27AM
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 Mid-State Realty
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Investment Insights
Based on property information with market context.
This office property comprises two buildings with approximately 5,945 square feet of combined space on approximately 0.55 acre. The larger building spans three stories and includes private offices, a conference room, kitchen, bathrooms, finished upper-level space, and a finished basement. A separate single-story building has offices, reception and meeting areas, a bathroom, and its own finished basement. Hardwood floors, fireplaces, a courtyard, multiple entrances, and a generator are also among the property features.
The property is across from the Monmouth County Courthouse in Freehold Borough and near downtown restaurants, shops, and services. On-site parking accommodates approximately 19 vehicles, including an accessible space.
The property is across from the Monmouth County Courthouse in Freehold Borough and near downtown restaurants, shops, and services. On-site parking accommodates approximately 19 vehicles, including an accessible space.
Key Highlights
- Two office buildings with approximately 5,945 square feet combined on approximately 0.55 acre
- Three‑story building with private offices, conference room, kitchen, and finished basement
- Separate single‑story building with offices, reception area, and finished basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,959
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,819,180
$1.8M
Cap Rate 7%
$1,299,414
$1.3M
Cap Rate 9%
$1,010,656
$1.0M
Market Conditions
NOI Build-Up for 5,945 SF
Gross rent
$178.4K $30.00/SF
− Vacancy
−$57.1K −$9.60/SF
EGI
$121.3K $20.40/SF
− OpEx
−$30.3K −$5.10/SF
NOI
$91.0K $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 Rate 5%
$1,819,180
Cap Rate 7%
$1,299,414
Cap Rate 9%
$1,010,656
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.52M
NOI $90,959 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,665 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,292
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Separate office buildings offer a mix of private offices, meeting areas, reception space, and finished support areas.
Where is this office building located?
The property is located at 78 Court Street Freehold, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two office buildings with approximately 5,945 square feet combined on approximately 0.55 acre; Three‑story building with private offices, conference room, kitchen, and finished basement; Separate single‑story building with offices, reception area, and finished basement
