Mixed-Use Property with
For Sale
$799,900
261 State Route 34, Colts Neck, NJ 07722
Commercial Sale, Colts Neck, NJ
Property Size2,884 SF
Lot Size0.77 Acres
Price / SF$277.36
Days on Market132
Property Features for 261 State Route 34
General Information
Property type
Commercial Sale
Property subtype
Other
Rooms
Basement
Parking
10
Fireplace
1
Basement
Walk-Out Access, Finished
Directions
From Red Bank, Rte 18 W to route 34
Standard status
Active
APN
10-00048-0000-00036
Size
2,884 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9082
Utilities
Sewer type
Septic Tank
Heating system
Baseboard
Cooling system
Central Air
Water source
Well
Amenities
covered front porch
sitting area
fenced in back yard
walk out basement
indoor kennels
outdoor kennels
Building Details
Floors in Building
3
Flooring type
Wood, Concrete
Listing Agency:
G & G Agency Inc
(732) 531-2000
Listed By:
Michael Gruosso · License #0566857
(732) 704-4033
Added: May 29
Changed: Oct 2
Last Checked: Oct 7 at 2:06AM
MLS# 22615955
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,884-square-foot mixed-use property combines professional office improvements with a third-floor apartment. The office configuration includes a reception area, two exam rooms, pharmacy space, a surgery room, an office, and a full bathroom. A walk-out basement adds indoor and outdoor kennel areas. The upper level includes one bedroom, an office or bedroom, a kitchen, a full bath, a skylight, and access to a deck overlooking the fenced rear yard. The building also features a covered front porch, central air, baseboard heating, concrete and wood flooring, and a fireplace.
Set on 0.77 acres along State Route 34, the property receives exposure to approximately 18,000 cars traveling past in a 24-hour period. Access is provided by 8-10 parking spots, with well water and a septic tank serving the property. Business operations and fixtures are excluded from the sale.
Set on 0.77 acres along State Route 34, the property receives exposure to approximately 18,000 cars traveling past in a 24-hour period. Access is provided by 8-10 parking spots, with well water and a septic tank serving the property. Business operations and fixtures are excluded from the sale.
Key Highlights
- 2,884 square feet of mixed‑use building space
- 0.77‑acre parcel along State Route 34
- Approximately 18,000 cars pass the property in a 24‑hour period
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,125
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,500
$882.5K
Cap Rate 7%
$630,357
$630.4K
Cap Rate 9%
$490,278
$490.3K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$86.5K $30.00/SF
− Vacancy
−$27.7K −$9.60/SF
EGI
$58.8K $20.40/SF
− OpEx
−$14.7K −$5.10/SF
NOI
$44.1K $15.30/SF
Area
Monmouth County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,500
Cap Rate 7%
$630,357
Cap Rate 9%
$490,278
Alternative Uses
Best Use
Office B
$630.4K
$551.6K – $735.4K
NOI $44,125 @ 7.0% cap · market cap 5.52%
Second Best
Healthcare Medical
$613.5K
$536.8K – $715.7K
NOI $42,942 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$753.1K
$658.9K – $878.6K
NOI $52,715 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 07722, NJ
10,041
Population
3,723
Households
2.7
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
34.5 sq mi
ZIP Area
291
Density / Sq Mi
$183,015
Median Household Income
$80,794
Median Earnings
$2,895
Median Rent
$871,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Well-maintained mixed-use building with office areas, upper-level living space, and on-site parking.
Where is this mixed-use property located?
The property is located at 261 State Route 34 Colts Neck, NJ.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: 2,884 square feet of mixed‑use building space; 0.77‑acre parcel along State Route 34; Approximately 18,000 cars pass the property in a 24‑hour period
