Two-Building Office
New
For Sale
$1,250,000
78 Court Street, Freehold, NJ 07728
Commercial Sale, Freehold Boro, NJ
Property Size5,945 SF
Lot Size0.59 Acres
Price / SF$210.26
Days on Market2
Property Features for 78 Court Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SF-05
Parking
19
Parking features
Garage
Lot features
Level
Standard status
Active
APN
1600037000000003
Size
5,945 SF
Lot size
0.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
19262
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Steam
Water source
Public
Amenities
courtyard
generator
hardwood floors
fireplaces
natural light
multiple entrances
Building Details
Year built
1900
Floors in Building
3
Flooring type
Tile, Wood
Building materials
Composition
Roof type
Asphalt
Listing Agency:
MID-STATE REALTY
(732) 251-8900
Listed By:
John Profaci · License #9231545
(908) 692-5419
Added: Oct 14
Last Checked: Oct 15 at 7:06AM
MLS# 2770709M
Copyright © 2026 All Jersey 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.
Two office buildings totaling 5,945 square feet provide a range of work and support areas. The three-story building includes private offices, a conference room, kitchen, bathrooms, finished third-floor space, and a finished basement. The separate single-story building has private offices, reception and conference areas, a bathroom, and its own finished basement. Wood and tile flooring, fireplaces, multiple entrances, and a generator are among the property’s features.
The property is directly across from the Monmouth County Courthouse and near downtown Freehold restaurants, shops, and services. Parking includes approximately 19 spaces, with one accessible space.
The property is directly across from the Monmouth County Courthouse and near downtown Freehold restaurants, shops, and services. Parking includes approximately 19 spaces, with one accessible space.
Key Highlights
- Two buildings with 5,945 square feet of combined office space
- Three‑story main building and separate single‑story office building
- Approximately 19 parking spaces, including an accessible space
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.
How Realmo checks its estimates
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
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?
Office building - Separate office buildings offer private offices, meeting space, finished basements, and a courtyard.
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 buildings with 5,945 square feet of combined office space; Three‑story main building and separate single‑story office building; Approximately 19 parking spaces, including an accessible space
