650 Trotters WayFreehold, NJ 07728

  • Retail properties
  • 825,686 SF
For Lease

Property Details for 650 Trotters Way

Year built
1990
Lot size
151.47 AC
Property size (Sq ft)
825,686 SF
Zone code
575
Property type
Retail properties
Property subtype
Super regional malls
APN
17 00069- 01-00018- 01
APU
1700069010001801

Description

This exceptional retail property, located at 650 Trotters Way in Freehold, New Jersey, offers an unparalleled opportunity for businesses seeking a prominent location in Monmouth County. The property boasts a total of 96,061 square feet, encompassing two suites within a multi-tenant building. Currently, a significant portion of the space, totaling 96,951 square feet, is available for lease. Businesses can lease a minimum of 47,069 square feet, with a maximum contiguous space of 49,882 square feet. This presents a unique opportunity for large-format retailers or businesses requiring substantial space. The property's strategic location in Freehold, NJ, 07728, ensures high visibility and accessibility. Ample parking is provided with 6,000 spaces available for tenants and customers. The property is classified as commercial retail and is ideal for businesses seeking a substantial presence in a thriving market. This is a rare opportunity to secure a significant retail space in a highly desirable location. Contact us today to learn more about leasing options and explore the possibilities for your business at this exceptional Freehold retail center.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $224,304,928
    6.5%
    $207,050,704
    7%
    $192,261,360
  • Comparable approach

    Method
    Valuation
    Relative Method
    $271,868,000
    Geo Method
    $271,868,000
  • Alternative Use

    Use
    Valuation
    Residential
    $174,655,008
    Hospitality
    $159,983,056
    Educational
    $133,104,024
    Medical
    $137,681,680
    Retail
    $207,050,704
650 Trotters Way, Freehold, New Jersey

Location Insight

City
Freehold
County
Monmouth
State
New Jersey
Latitude
40.2531
Longitude
-74.3
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
$5,037,500
$211,367,600
$38,632,400
$250,000,000
-
$211,367,600
$38,632,400
$250,000,000

FAQs

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