Two-Building Office
New
For Sale
$1,250,000
78 Court Street, Freehold, NJ 07728
Commercial Sale, Freehold, 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
Office
Zoning description
Residential, Professional
Rooms
Basement
Parking
19
Parking features
Off Street
Security features
Security System
Exterior features
Lighting
Basement
Full, Finished
Directions
use gps to court street across from courthouse
Standard status
Active
APN
16-00037-0000-00003
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
Steam
Cooling system
Central Air
Water source
Public
Amenities
Hardwood floors
fireplaces
abundant natural light
courtyard
multiple entrances
generator
Building Details
Year built
1900
Floors in Building
2
Flooring type
Wood
Building materials
Clapboard
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# 22632429
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.
Investment Insights
Based on property information with market context.
This office property includes two buildings with 5,945 square feet of combined space. The three-story structure has private offices, a conference room, kitchen, and bathrooms, along with finished third-floor and basement areas. Its companion building is single story, with offices, reception and conference areas, a bathroom, and a finished basement. Wood flooring, fireplaces, a courtyard, multiple entrances, and a generator are among the property’s features. The recorded year built is 1900.
The property is across from the Monmouth County Courthouse in Freehold Borough and near downtown shops, restaurants, and services. Off-street parking includes approximately 19 spaces, one of them accessible.
The property is across from the Monmouth County Courthouse in Freehold Borough and near downtown shops, restaurants, and services. Off-street parking includes approximately 19 spaces, one of them accessible.
Key Highlights
- Two buildings with 5,945 square feet of combined office space
- Three‑story building includes a finished third floor and basement
- Separate single‑story building has a 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.
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 - Two distinct office buildings provide private offices, shared work areas, and finished lower-level space.
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 building includes a finished third floor and basement; Separate single‑story building has a finished basement
