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Property profile & analytics
FOR LEASE
Office buildings

3 Paragon Way Freehold, NJ 07728

64,383 SF 5.85 ac lot Built 1990
Individually Owned 9-yr Hold Absentee Owner Free & Clear
Property ID
US59-3014869
3 Paragon Way, Freehold, NJ 07728 For Lease
$8,780,000 31,709 SF available
3 Paragon Way, Freehold, NJ 07728
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Property summary
AI-generated overview

This premier Class A office building, the Monmouth Executive Center, located at 3 Paragon Way in Freehold, NJ 07728, offers exceptional office space for lease. Situated on 5.8 acres, this single-story, 67,518 square foot building underwent extensive renovations in 2016. The property is ideally suited for both traditional office and medical office uses. Multiple tenancy options are available, with a minimum divisible space of 3,544 square feet and a maximum contiguous space of 13,526 square feet. Currently, there are 20,863 square feet of vacant space ready for immediate occupancy. Built in 1991, the Monmouth Executive Center boasts a prime location in Monmouth County, offering easy access to major transportation routes. The building's modern amenities and updated infrastructure provide a comfortable and productive work environment. Interested parties are encouraged to inquire about available space and lease terms. This is a rare opportunity to secure high-quality office space in a desirable location. The property is categorized as a Class A building, reflecting its superior construction, amenities, and location.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1990
Total area 64,383 SF
Lot 5.85 ac (254,826 SF)
Zoning code LI-3
APN 17 00072- 12-00001
UPID US59-3014869
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.19M
Blend (final) Blend
$8.78M
Owner & transaction history
Willowbrook Paragon Mantrose L · 9 yrs held
Willowbrook Paragon Mantrose L
since 2016
4 recorded transactions
2022
Price N/A
2019
Price N/A
2016
$4.3M
1998
$6.2M
Zoning & alternative use
LI-3 · Freehold, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general) $13.3M +13.9%
Commercial (general) $13.1M +12.8%
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