Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    34 Main St Freehold, NJ 07728

    • Commercial real estate
    • 4,732 SF
    • 0.20 lot acres
    For Sale
    View listing
    $1,950,000
    Last Sale
    Apr 17, 2023
    $1,500,000
    Value Estimations
    Cap Rate Potential
    4.5%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-0441427
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 34 Main St

    Lot size
    0.20 lot acres
    Property size
    4,732 SF
    Property type
    Commercial real estate
    APN
    16 00062-0000-00012
    APU
    1600062000000012

    Description

    This exceptional Freehold Borough property presents a unique investment opportunity. Located at 34 E Main Street, this landmark site boasts a prime downtown location in the county seat of Monmouth County, an area experiencing high demand for real estate. The property comprises two buildings totaling 8,260 square feet on a 0.2-acre lot (8,799 square feet). One building, a former bank, offers 3,300 square feet across two stories, complete with three convenient drive-up lanes. The second building features two street-level retail spaces

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,415,000
      ML approach
      $1,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,065,000
      6.5%
      $985,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,421,000
      Market price range: $586k - $1.42M
      AI Estimate
      $891,000
      Market price range: $226k - $891k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Freehold
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2725
    Latitude
    40.2608
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $55,691
    $682,500
    $1,855,600
    $2,538,100
    -
    $682,500
    $1,855,600
    $2,538,100

    Comparable in this City

    • Value Estimation by Request

      949 Adelphia Farmingdale Rd Rd

      Office Properties & Spaces
      949 Adelphia Farmingdale Rd Rd, Freehold, NJ 07728
      View Details
    • Value Estimation by Request
      13,918 SF

      4400 Rte 9

      Office space • 13,918 SF
      4400 Rte 9, Freehold Township, NJ 07728
      View Details
    • Value Estimation
      $245,000
      2.34 Acres

      572 Colts Nck Rd

      COMMERCIAL (GENERAL) • 2.34 Acres
      572 Colts Nck Rd, Freehold, NJ 07728-8177
      View Details
    • Value Estimation
      $280,000
      0.06 Acres

      Hwy 33

      COMMERCIAL (GENERAL) • 0.06 Acres
      Hwy 33, Freehold, NJ 07728
      View Details
    • Value Estimation
      $270,000
      0.13 Acres

      906 Main St

      COMMERCIAL (GENERAL) • 0.13 Acres
      906 Main St, Freehold, NJ 07728
      View Details
    • Value Estimation
      $340,000
      0.30 Acres

      63 Main St

      COMMERCIAL (GENERAL) • 0.30 Acres
      63 Main St, Freehold, NJ 07728-2246
      View Details

    Similar Nearby for Sale

    • $1,100,000
      1.27 Acres

      Howell, NJ Commercial Land

      1.27 Acres, Prime Location, High Visibility
      0 Adelphia Rd & Wyckoff Ml Rd, Freehold, NJ 07728
      View Details
    • $1,950,000
      8,260 SF

      Freehold Main Street Commercial Gem

      Downtown Freehold Mixed-Use Investment
      34 Main St, Freehold, NJ 07728
      View Details
    • $900,000
      3,200 SF

      Freehold Commercial Building - Prime Location

      Spacious Freehold commercial building, updated & great location.
      22 Center St, Freehold, NJ 07728
      View Details
    • $549,999
      2,844 SF

      Freehold Commercial Office Space

      Prime Freehold location, ample parking, 2844 sq ft.
      62 Main St, Freehold, NJ 07728
      View Details
    • Contact for pricing
      27.76 Acres

      Prime Freehold Commercial Land

      27.76 Acres, Route 9 Frontage
      4189 Us Highway 9, Freehold, NJ 07728
      View Details
    • $5,999,000
      48.78 Acres

      Prime Freehold NJ Farmland

      48.78 Acres, Agricultural Zoning
      0 Fairfield Rd, Farmingdale, NJ 07728
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Freehold Retail Space: 1600 SF

      Prime Freehold retail space, ample parking.
      3421 Rte 9, Freehold, NJ 07728
      View Details
    • $28 SF/Yr
      3,423 SF

      Freehold Retail Space - Park Ave

      Prime Freehold Retail, 3,423 sq ft.
      0 Park Ave, Freehold, NJ 07728
      View Details
    • Contact for pricing

      Office Space Near CentraState Hospital

      Office space for medical or professional use, near hospital.
      900 W Main St, Freehold, NJ 07728
      View Details
    • Contact for pricing
      15,797 SF

      Office Sublease in Freehold, NJ

      Office space sublease available in Freehold, NJ with parking.
      31 E Main St, Freehold, NJ 07728
      View Details
    • $20 SF/Yr
      3,720 SF

      Retail Space in Freehold, NJ

      Retail space in multi-tenanted strip center with high visibility.
      30 Jackson St, Freehold, NJ 07728
      View Details
    • Contact for pricing

      Route 9 Retail Space Available

      Turn-key retail location on Route 9, ready for occupancy.
      397 Rte 9 N, Freehold, NJ 07728
      View Details
    Request Owner's contact information
    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.
    34 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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.