Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    94 W Main St Freehold, NJ 07728

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $499,000

    Charming Victorian converted office with parking in downtown Freehold.

    Property size:
    1,804 SF
    Lot size:
    0.16 Acres

    Property Features for 94 W Main St

    General Information

    Standard status
    Active
    Size
    1,804 SF
    Lot size
    0.16 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Christopher Quinn
    Source: Corcoran

    Listing Agency: C21/ ACTION PLUS REALTY Listing Agent: Christopher Quinn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Victorian Office Building in Freehold

    This is a charming Victorian home that has been converted into office space. The property is located in the heart of downtown Freehold. The building offers a total of 5 offices and 2 shared bathrooms, along with a common waiting room. The first floor features 2 offices, 1 bathroom, and the waiting room. The second floor includes 3 offices and a bathroom. Parking is available in the rear of the building for 6 cars, with on-street parking also available. The offices are suitable for professionals such as accountants, attorneys, and mental health professionals. Additional features include a walk-up attic for storage and a full basement. There is also a detached 1-car garage. The property size is 1804 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Freehold
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2677856
    Latitude
    40.2633425

    Nearby Similar for Sale

    • $375,000
      1,302 SF

      Medical/Professional Office Condo For Sale

      Medical/professional office condo in Iron Bridge Park, near CentraState.
      515 Iron Bridge Rd, Freehold, NJ 07728
      View Details
    • New
      $549,900
      Pending

      Freehold Office with Oversized Garage

      Work/professional office with detached oversized garage in convenient location.
      26 Jackson Mills Rd, Freehold, NJ 07728
      View Details
    • $999,000
      2,680 SF

      Victorian Triplex Investment Opportunity

      Turn-key, income-producing property near downtown Freehold.
      27 Spring St, Freehold, NJ 07728
      View Details
    • New
      $465,000
      Pending

      Route 9 Commercial Property

      Highly visible commercial property on Route 9 South in Freehold.
      620 Rte 9 S, Freehold, NJ 07728
      View Details
    • $535,000
      1,625 SF

      Freehold Two-Family Investment Opportunity

      Two-family property near downtown Freehold with investment potential.
      11 Hull Ave, Freehold, NJ 07728
      View Details
    • $475,000
      Pending

      Dental Office with Examining Rooms

      Dental office featuring five private examining rooms for sale or rent.
      82 W Main St, Freehold, NJ 07728
      View Details
    • $689,000
      2,440 SF

      Downtown Freehold Brick Colonial Office

      Stately brick colonial office building in downtown Freehold.
      80 Court St, Freehold, NJ 07728
      View Details
    • $1,000,000

      Freehold Retail Opportunity

      Freestanding building in downtown Freehold with high visibility.
      61 W Main St, Freehold, NJ 07728
      View Details
    • $7,600,000
      15,224 SF

      Freehold Commercial Property For Sale

      15,000 SF commercial property in Freehold, NJ with income.
      32 Broad St, Freehold, NJ 07728
      View Details
    • $2,300,000
      9,652 SF

      Mixed-Use Property in Freehold, NJ

      Income-producing mixed-use property with retail, office, and residential units.
      41 E Main St, Freehold, NJ 07728
      View Details
    • $1,950,000
      Pending

      Freehold Borough Landmark Property

      Mixed-use property in high-demand Freehold Borough with redevelopment potential.
      34 E Main St, Freehold, NJ 07728
      View Details

    FAQs

    What type of property is this?
    Office units - Charming Victorian converted office with parking in downtown Freehold.
    Where is this office units located?
    The property is located at 94 W Main St Freehold, NJ.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: - Prime downtown Freehold location.; - Converted Victorian home with professional office space.; - Five private offices and two shared bathrooms.
    (800) 299-2129
    Request Owner's contact information
    94 W Main St Freehold, NJ 07728
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    94 W Main St
    Freehold, NJ 07728
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    94 W Main St Freehold, NJ 07728
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Christopher Quinn
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!