Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    343 Matawan Rd Old Bridge, NJ 07747

    Sponsored
    For Sale
    Contact for pricing

    Commercial - Old Bridge, NJ

    Property size:
    38,000 SF
    Lot size:
    6.56 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 25 at 8:06 am

    Property Features for 343 Matawan Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CN
    APN
    150323000000000215
    Parking
    150
    Size
    38,000 SF
    Lot size
    6.56 Acres

    Building Details

    Year built
    2000
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    SANJEEV ANEJA

    On Track Realty 732-494-2211x111

    Listing agent SANJEEV ANEJA (732) 494-2211

    Listing date Jan 24, 2026

    MLS# 2610041R Listing URL

    Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Spaces in Old Bridge

    Several retail spaces are currently available in a strip mall, with sizes of approximately 1000 square feet, 1430 square feet, and 3050 square feet. These spaces are available for immediate occupancy. The 3050-square-foot space includes freezers and coolers in as-is condition, making it suitable for a deli or grocery store. The 1430-square-foot space is an open layout with a bathroom. The property is located on a well-traveled corner near the Garden State Parkway. The rent includes common area maintenance and taxes; tenants are responsible for utilities. The property is zoned CN and situated on a 6.56-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Clothing Store Food Market Gym & Fitness Pharmacy Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Old Bridge
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2507926
    Latitude
    40.4299915

    Nearby Similar for Sale

    • New
      $1,399,999
      Pending

      Commercial Buildings on Route 35

      Two commercial buildings with office, showroom, and warehouse space.
      330-334 Rte 35, Old Bridge, NJ 08857
      View Details
    • $2,200,000
      16,000 SF

      Fully Leased Commercial Investment Opportunity

      Turnkey, fully-leased commercial building with six established tenants in Old Bridge.
      228 SE State Rte 34 Cor, Old Bridge, NJ 07747
      View Details
    • New
      $669,900

      Updated Two-Family Home with Studio

      Two-family home with studio, updated features, and resort-style outdoor space.
      587 Marlboro Rd, Old Bridge, NJ 08857
      View Details
    • $949,900
      8,000 SF

      Versatile House of Worship Property

      Adaptable property suitable for worship, community, education, or redevelopment.
      22 Laurence Pkwy, Old Bridge, NJ 08879
      View Details
    • $399,000

      Updated Ranch in Society Hill

      Immaculate, updated ranch in Old Bridge's desirable Society Hill.
      171 Bristol Ct, Old Bridge, NJ 08857
      View Details
    • $399,000

      Updated Ranch in Society Hill

      Immaculate, updated ranch in Old Bridge's desirable Society Hill community.
      171 Bristol Ct, Old Bridge, NJ 08857
      View Details
    • $575,000
      1,872 SF

      Charming Townhouse in Heritage Woods

      Comfortable townhouse with modern kitchen, master suite, and community amenities.
      8 Amber Dr, Old Bridge, NJ 08857
      View Details
    • $450,000

      Luxury Condo in 55+ Community

      Stunning 2 bed, 2 bath condo in Old Bridge.
      40 Azalea Dr, Old Bridge, NJ 08857
      View Details
    • $495,000

      Luxury 55+ Community Condo

      Well-maintained 2 bed, 2 bath condo with garage.
      3208 Falston Cir, Old Bridge, NJ 08857
      View Details
    • $575,000
      2,212 SF

      Spacious Townhouse in Heritage Woods

      4-bedroom, 2.5-bathroom townhouse with modern amenities and community features.
      97 Osprey Dr, Old Bridge, NJ 08857
      View Details
    • $1,100,000
      2,200 SF

      Spacious Office Space in Old Bridge

      2,200 sq ft office space in a prime location.
      300 Perrine Rd, Old Bridge, NJ 08857
      View Details
    • $8,250,000

      Industrial Building with Residential Dwelling

      Three parcels including industrial building and single-family home for sale.
      1706-1710 Englishtown Rd, Old Bridge, NJ 08857
      View Details

    FAQs

    What type of property is this?
    Strip mall - Multiple retail spaces available in well-traveled Old Bridge strip mall.
    Where is this strip mall located?
    The property is located at 343 Matawan Rd Old Bridge, NJ.
    What is the asking price?
    The asking price for this property is $28.
    What are key features of this property?
    This property features: - High-traffic corner location near the Garden State Parkway (GSP).; - 3050 sqft space includes existing freezers and coolers, ideal for a deli or grocery store.; - Immediate availability of spaces (1000 sqft, 1430 sqft, and 3050 sqft).
    (732) 494-2211
    Request Owner's contact information
    343 Matawan Rd Old Bridge, NJ 07747
    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.
    343 Matawan Rd
    Old Bridge, NJ 07747
    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
    343 Matawan Rd Old Bridge, NJ 07747
    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

    We can help!
    Listing Contact
    SANJEEV ANEJA
    (732) 494-2211
    Learn more
    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.