Office Building with On-Site
New
For Sale
$5,650,000
400 NJ-34, Matawan, NJ 07747
Commercial Sale, Matawan, NJ
Property Size24,220 SF
Lot Size2.75 Acres
Price / SF$233.28
Days on Market7
Property Features for 400 NJ-34
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
97
Parking features
Parking Lot
Directions
Route 34 North/South to 400 NJ-34, Matawan. Property is located along the Route 34 commercial corridor.
Standard status
Active
Size
24,220 SF
Lot size
2.75 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Burke&Manna Real Estate Agency
Listed By:
Dante J Balsamo
(732) 455-5420
Added: Sep 30
Last Checked: Oct 6 at 10:06AM
MLS# 22630755
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.
The office property contains 24,220 square feet on a 2.75-acre parcel. A parking lot provides on-site parking, and the property is served by public water and public sewer.
Located at 400 NJ-34 in Matawan, the property sits along the Route 34 commercial corridor.
Located at 400 NJ-34 in Matawan, the property sits along the Route 34 commercial corridor.
Key Highlights
- 24,220‑square‑foot office property
- 2.75‑acre parcel
- On‑site parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$370,566
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,411,320
$7.4M
Cap Rate 7%
$5,293,800
$5.3M
Cap Rate 9%
$4,117,400
$4.1M
Market Conditions
NOI Build-Up for 24,220 SF
Gross rent
$726.6K $30.00/SF
− Vacancy
−$232.5K −$9.60/SF
EGI
$494.1K $20.40/SF
− OpEx
−$123.5K −$5.10/SF
NOI
$370.6K $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%
$7,411,320
Cap Rate 7%
$5,293,800
Cap Rate 9%
$4,117,400
Alternative Uses
Best Use
Office B
$5.29M
$4.63M – $6.18M
NOI $370,566 @ 7.0% cap · market cap 6.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.32M
$5.53M – $7.38M
NOI $442,703 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
267
Businesses Nearby
Explore this area
Business Placement
Demographics for 07747, NJ
31,915
Population
13,134
Households
2.4
Avg Household Size
43
Median Age
51%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
2,493
Density / Sq Mi
$124,896
Median Household Income
$61,503
Median Earnings
$1,840
Median Rent
$464,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Public water and sewer serve the property, alongside a dedicated parking lot.
Where is this office building located?
The property is located at 400 NJ-34 Matawan, NJ.
What is the asking price?
The asking price for this property is $5,650,000.
What are key features of this property?
This property features: 24,220‑square‑foot office property; 2.75‑acre parcel; On‑site parking lot
