Entity Owned 
For Lease
1 / 14
$6,885/Mo
31 E Main St, Freehold, NJ 07728
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Property summary
AI-generated overview
Ground-floor professional office space within an office building in the heart of Freehold Borough, Monmouth County, New Jersey. The property is located on a lot measuring approximately 0.08 acres and is configured as private office space suitable for professional uses such as legal, accounting, psychological, or therapeutic practices.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
15,797 SF
Lot
0.48 ac (21,083 SF)
Zoning code
B-2
APN
16 00040-0000-00009- 01
UPID
US59-0117384
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
-
Law School University
-
Financial Advisor
-
Property Management Company
-
Loan Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.76M
Blend (final)
Blend
$2.18M
Owner & transaction history
since 2003
7 recorded transactions
Zoning & alternative use
B-2 · Freehold, NJ
Zoning description
It is intended to promote general commercial uses
General category
COMMERCIAL
Top alternative use upside
Industrial (general)
$3.3M
+1.0%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 19 comparables with addresses
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$2.18M
Value range
$1.96M – $2.39M
±10% around blend
Estimated value / SF
$138 / SF
Confidence
High
19 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$1.96M
blend $2.18M
$2.39M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,797 SF
Lot area
0.48 ac
Stories
1
APN
16 00040-0000-00009- 01
Zoning
B-2
Assessed value
$3,101,500
Annual tax
$68,326
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$68,326
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.84M
Weighted, 19 comps · high confidence
Evidence
19 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.8 mi away · 20,370 SF
8.4 mi away · 16,620 SF
10.4 mi away · 14,653 SF
10.4 mi away · 14,238 SF
10.9 mi away · 12,120 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.18M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 91 sales
$204
-33%
Submarket 89 sales
$206
-33%
County 1093 sales
$259
-47%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $138/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Industrial (general)
Gross theoretical uplift
+1%
vs current-use indication
Commercial (general) · current use
Office Building
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 19 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$408k
Move the market yield to see immediate price impact.
Value / SF
$26
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$26k
$514k
$367k
$285k
$29k
$571k
$408k
$317k
$31k
$628k
$449k
$349k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
19 found
High confidence · county-verified
Closest comparable
$1.95M
0.1 mi · Feb 2026 · $142/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$68,326
Tax year 2022
Assessed value
$3,101,500
Assessed 2023
Previous assessed
$3,101,500
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$1,105,000
Assessed improvement
$1,996,500
Land market value
$1,105,000
Improvement market value
$1,996,500
Total market value
$3,101,500
Applied tax rate
16.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Construction
BRICK
Heating
NONE
Buildings
1
Stories
1
Total area
15,797 SF
Lot
0.48 ac (21,083 SF)
Zoning code
B-2
APN
16 00040-0000-00009- 01
UPID
US59-0117384
Jurisdiction
MONMOUTH
Metro division
EDISON, NJ METROPOLITAN DIVISION
Zoning & alternative use
B-2 · Freehold, NJZoning B-2 · permitted uses
B-2 · Freehold, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
It is intended to promote general commercial uses
General category
COMMERCIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
1
Buildings
1
Lot
0.48 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
B-2
COMMERCIAL
Jurisdiction
Freehold, NJ
Recorded code
B-2
Official district
B-2
Official district profile
What the municipal code says about B-2
Zoning description
It is intended to promote general commercial uses
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for B-2 in Freehold, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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