0 Route 537
About This Property
2 lots tax id's 51-00034-000024-01
& 51-00034-000023-01 Prime Commercial Land Opportunity in Upper Freehold Township!
Don't miss this exceptional opportunity to own two adjoining lots totaling just over 2 acres in a highly desirable commercial location. Featuring excellent road frontage and great visibility, this property offers endless potential for a variety of business uses.
Located in Upper Freehold Township, this site enjoys close proximity to Six Flags Great Adventure, the Jackson Premium Outlets, and major highways, ensuring steady traffic and easy access for customers and clients alike.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 31, 2026 | Price Decreased |
$649,000
↓ $76K
(10.5%) | |
| Price Decreased | |||
| Mar 7, 2026 | Relisted | $725,000 | |
| Relisted | |||
| Mar 5, 2026 | No longer available | - | |
| No longer available | |||
| Nov 6, 2025 | Listed by Smires & Associates | $700,000 | |
| Listed by Smires & Associates | |||
| Dec 4, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017