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    3390 Us-9 Freehold, NJ 07728
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    3390 Us-9, Freehold, NJ 07728

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    • Retail properties & Spaces
    • 61,260 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3390 Us-9

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property, known as Freehold Crossing, presents a unique investment opportunity in the thriving Monmouth County market. Situated at 3390 US-9 in Freehold, New Jersey, 07728, this expansive property encompasses a total of 61,260 square feet of retail space, strategically positioned on a sizable 8 to 11-acre parcel. The property's classification includes retail, land, and restaurant uses, making it highly versatile and suitable for a variety of commercial ventures. Currently, there are two spaces available, offering immediate occupancy potential for prospective tenants. The property's prime location along US-9 ensures high visibility and accessibility, attracting significant foot traffic and driving business growth. The multiple tenancy structure provides flexibility for diverse business models, creating a vibrant and dynamic commercial environment. This freehold ownership opportunity allows for long-term investment and control, providing a stable and potentially lucrative return. The property's size and location in the bustling Freehold community make it an ideal choice for businesses seeking to establish a strong presence in a high-demand market. With its combination of retail, land, and restaurant zoning, Freehold Crossing offers unparalleled potential for growth and profitability. Serious inquiries are encouraged to explore this remarkable commercial real estate offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Freehold
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2744
    Latitude
    40.227

    Comparable in this City

    • Value Estimation by Request

      3390 Us-9

      Restaurants
      3390 Us-9, Freehold, NJ 07728
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      65,000 SF

      3390 Us-9

      Lifestyle centers
      3390 Us-9, Freehold, NJ 07728
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      3338 Us-9

      Restaurants
      3338 Us-9, Freehold Township, NJ 07728
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      650 Us-9

      Restaurants
      650 Us-9, Howell Township, NJ 07728
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    • Value Estimation by Request

      Park Ave

      Restaurants
      0 Park Ave, Freehold, NJ 07728
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    • Value Estimation by Request
      359,349 SF

      Main St

      Retail properties & Spaces
      0 Main St, Freehold, NJ 07728
      View Details

    Similar Nearby for Sale

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      5,546 SF

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    • $6,200,000
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      Retail and Warehouse Space Available

      26,401± SF retail and warehouse space with Route 9 frontage.
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      Vacant Land For Development

      48.78 acres of vacant land in Howell Township, NJ.
      Fairfield Rd, Freehold, NJ 07728
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    • $2,300,000

      34 Acres with ARE6 Zoning

      Two combined lots totaling 34+ acres with ARE6 zoning.
      138 Howell Rd, Freehold, NJ 07728
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      49.98 Acres Land For Development

      Land for development with easy highway access in Howell Township.
      211 Bennett Rd, Freehold, NJ 07728
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    Similar Nearby for Lease

    • $29 SF/Yr
      142,006 SF

      Retail Space with Highway Visibility

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      843 Rte 33 E, Freehold, NJ 07728
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    • New
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      Pending

      Church-Adjacent Retail Suite

      Retail suite with interior offices, private restroom, and a separate rear delivery door.
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      Retail Space in Freehold, NJ

      Retail space available for rent in Freehold, New Jersey.
      Park Ave, Freehold, NJ 07728
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      Retail Space in Freehold, NJ

      Retail space in multi-tenanted strip center with high visibility.
      30 Jackson St, Freehold, NJ 07728
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    • $2,975 /Mo
      1,600 SF

      Freehold Commercial Space For Rent

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      58 W Main St, Freehold, NJ 07728
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    3390 Us-9
    Freehold, NJ 07728
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    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.

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