Versatile Commercial Unit For
For Sale
$500,000
432 State Route 34 Unit 5, Matawan, NJ 07747
High-traffic commercial unit suitable for various professional uses.
Property Size2,154 SF
Price / SF$232.13
Days on Market574
Property Features for 432 State Route 34 Unit 5
General Information
Standard status
Active
Size
2,154 SF
Property subtype
Commercial
Building Details
Year Built
2004
Listing Agency:
Keller Williams Shore Properties
Listed By:
Timothy Scherer
(732) 797-9001
Source:
Actionplusrealty
Added: Mar 22, 2025
Changed: Oct 16
Last Checked: Oct 16 at 8:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Shore Properties
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Investment Insights
Based on property information with market context.
This spacious unit is located in a high-traffic area and is suitable for a variety of professional uses, including medical, legal, financial, or general office operations. Zoned for commercial or retail use, the retail space offers a blank canvas for customization. The property includes approximately 125 shared parking spots. The management fee is $240 per month. The unit size is 2154 square feet.
Key Highlights
- High traffic location ideal for attracting clients/customers.
- Suitable for a variety of professional uses (medical, legal, financial, general office).
- Zoned for Commercial or Retail use, offering flexibility.
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
—
—
no second resolved use
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.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
296
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - High-traffic commercial unit suitable for various professional uses.
Where is this office units located?
The property is located at 432 State Route 34 Unit 5 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: High traffic location ideal for attracting clients/customers.; Suitable for a variety of professional uses (medical, legal, financial, general office).; Zoned for Commercial or Retail use, offering flexibility.
