Freestanding Restaurant with Outdoor
For Sale
$150,000
759 State Route 34, Matawan, NJ 07747
Commercial Sale, Matawan, NJ
Property Size783 SF
Price / SF$191.57
Days on Market302
Property Features for 759 State Route 34
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Retail, Commercial
Parking
20
Parking features
Parking Lot
Lot features
Level
Directions
Main St. left to Rt.34 or Rt 9 to Rt. 34
Subdivision
Matawan
Standard status
Active
APN
31-00112-0000-00003-07
Size
783 SF
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Tile
Listing Agency:
RE/MAX Central · RE/MAX International
Listed By:
Yelena Shpringer
(732) 972-1000
Added: Nov 6, 2025
Changed: Sep 2
Last Checked: Sep 4 at 7:06AM
MLS# 22533709
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 783-square-foot freestanding restaurant property is configured for a baking, cafe, or restaurant-related business. The interior includes a spacious main room, kitchen, full bathroom, and tile flooring, with newer appliances included. Central air and forced-air heating serve the building, while an outdoor seating area with benches extends the usable customer area.
The property is located at 759 State Route 34 in Matawan, New Jersey. A parking lot provides 20 parking spots, and the site is served by public water and public sewer. The combination of a customer-facing main room, equipped kitchen, outdoor seating, and on-site parking creates a defined setup for food-service operations.
The property is located at 759 State Route 34 in Matawan, New Jersey. A parking lot provides 20 parking spots, and the site is served by public water and public sewer. The combination of a customer-facing main room, equipped kitchen, outdoor seating, and on-site parking creates a defined setup for food-service operations.
Key Highlights
- 783 square feet of freestanding restaurant space
- Configured for a baking, cafe, or restaurant‑related business
- Newer appliances included with kitchen and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,974
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,480
$239.5K
Cap Rate 7%
$171,057
$171.1K
Cap Rate 9%
$133,044
$133.0K
Market Conditions
NOI Build-Up for 783 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$16.9K $21.60/SF
− Vacancy
−$947 −$1.21/SF
EGI
$16.0K $20.39/SF
− OpEx
−$4.0K −$5.10/SF
NOI
$12.0K $15.29/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$239,480
Cap Rate 7%
$171,057
Cap Rate 9%
$133,044
Alternative Uses
Best Use
Specialty Retail
$171.1K
$149.7K – $199.6K
NOI $11,974 @ 7.0% cap · market cap 7.98%
Second Best
Industrial
$107.2K
$93.8K – $125.1K
NOI $7,506 @ 7.0% cap · market cap 5.00%
Theoretical Best
Office A
$204.5K
$178.9K – $238.5K
NOI $14,312 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Under-served
Demand for This Use
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes newer appliances, a kitchen, full bathroom, and outdoor seating for a food-service business.
Where is this conventional restaurant located?
The property is located at 759 State Route 34 Matawan, NJ.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 783 square feet of freestanding restaurant space; Configured for a baking, cafe, or restaurant‑related business; Newer appliances included with kitchen and full bathroom
