Retail Unit with Shared
For Sale
$500,000
432 State Route 34, Matawan, NJ 07747
Commercial Sale, Matawan, NJ
Property Size2,154 SF
Lot Size0.02 Acres
Price / SF$232.13
Days on Market277
Property Features for 432 State Route 34
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Lot features
Highway Frontage
Directions
Route 9 to Route 34. Across from Market Place 2. Next to Ganga restaurant.
Standard status
Active
APN
15-11232-0000-00013-12-C1221
Size
2,154 SF
Lot size
0.02 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2299
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
2
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
Listed By:
Timothy Scherer
(732) 797-9001
Added: Jan 2
Changed: Oct 2
Last Checked: Oct 6 at 5:06AM
MLS# 22600173
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.
Unit #5 offers 2,154 square feet of retail space within a 2004 brick commercial building. The premises are described as suitable for commercial or retail use and can accommodate professional operations such as medical, legal, financial, or general office services. Central air conditioning and forced-air heating are in place, with public water and public sewer serving the property.
The unit is located at 432 State Route 34 in Matawan, New Jersey. Shared parking is available with approximately 125 spaces. The property includes a 0.02-acre lot, an asphalt roof, and a management fee of $240 per month, which is not included in the property offering terms.
The unit is located at 432 State Route 34 in Matawan, New Jersey. Shared parking is available with approximately 125 spaces. The property includes a 0.02-acre lot, an asphalt roof, and a management fee of $240 per month, which is not included in the property offering terms.
Key Highlights
- 2,154 SF retail unit identified as Unit #5
- Commercial or Retail use designation
- Approximately 125 shared parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,956
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,120
$659.1K
Cap Rate 7%
$470,800
$470.8K
Cap Rate 9%
$366,178
$366.2K
Market Conditions
NOI Build-Up for 2,154 SF
Gross rent
$64.6K $30.00/SF
− Vacancy
−$20.7K −$9.60/SF
EGI
$43.9K $20.40/SF
− OpEx
−$11.0K −$5.10/SF
NOI
$33.0K $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%
$659,120
Cap Rate 7%
$470,800
Cap Rate 9%
$366,178
Alternative Uses
Best Use
Office B
$470.8K
$412.0K – $549.3K
NOI $32,956 @ 7.0% cap · market cap 6.59%
Second Best
Retail
$439.2K
$384.3K – $512.4K
NOI $30,745 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$562.5K
$492.2K – $656.2K
NOI $39,372 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
237
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
Check the figures for this property
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?
Retail space - Flexible commercial space with brick construction, central air, and forced-air heating for professional or retail operations.
Where is this retail space located?
The property is located at 432 State Route 34 Matawan, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2,154 SF retail unit identified as Unit #5; Commercial or Retail use designation; Approximately 125 shared parking spots
