Multi-Use Land with Historic
For Sale
$3,499,900
184-186 State Route 34, Holmdel, NJ 07733
LAND - Holmdel, NJ
Property Size9,000 SF
Lot Size15.50 Acres
Price / SF$388.88
Days on Market46
Property Features for 184-186 State Route 34
General Information
Property type
Land
Property subtype
Other
Middle school
William R. Satz
Directions
Southbound side of Route 34, between Roberts Road and Pleasant Valley Road. Please use GPS.
Standard status
Active
APN
20-00015-0000-00003-01
Lot size
15.50 Acres
Taxes and HOA fees
Tax Annual Amount
16000
Building Details
Additional Structures
Outbuilding
Listing Agency:
VRI Homes
(732) 264-9511
Listed By:
Nita Loebis
(732) 264-9511
Added: Jun 16
Changed: Jun 20
Last Checked: Jul 31 at 11:06PM
MLS# 22618226
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 approximately 15.5-acre property includes a main building of about 9,000 square feet across three floors and a free-standing ranch house at the back. The main building was previously a nursing home with roughly 40 beds and features a large kitchen with a dumb waiter. Additional details noted include original interior woodwork and wide moldings. A barn, two separate garages, sheds, and other outbuildings are also on the tract.
The ranch house is approximately 2,500 square feet with a full basement and 5 bedrooms and 2.5 bathrooms. It also has an oversized two-car garage. The property is located at 184-186 State Route 34 in Holmdel, New Jersey, and is described as having a farm assessment qualifier, with 13.130 acres deemed farmland for 2025 taxes totaling $169.29.
For buyers considering redevelopment or adaptive reuse, the combination of land and multiple buildings offers flexibility. Prospective buyers should conduct their own due diligence, including confirming the current conditions of the structures and the extent of any permitted uses tied to the farm assessment designation.
The ranch house is approximately 2,500 square feet with a full basement and 5 bedrooms and 2.5 bathrooms. It also has an oversized two-car garage. The property is located at 184-186 State Route 34 in Holmdel, New Jersey, and is described as having a farm assessment qualifier, with 13.130 acres deemed farmland for 2025 taxes totaling $169.29.
For buyers considering redevelopment or adaptive reuse, the combination of land and multiple buildings offers flexibility. Prospective buyers should conduct their own due diligence, including confirming the current conditions of the structures and the extent of any permitted uses tied to the farm assessment designation.
Key Highlights
- Main building approx. 9,000 SF across 3 floors, originally a nursing home with 40 beds.
- Main building includes a large kitchen with a dumb waiter, plus distinctive features like original wood banister and marble fireplaces.
- Additional free‑standing ranch house approx. 2,500 SF with a full basement, 5 BRs, 2.5 BAs, and an oversized 2‑car garage.
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.6k | $26.40 |
| − Vacancy | −$14.3k | −$1.58 |
| EGI | $223.3k | $24.82 |
| − OpEx | −$89.3k | −$9.93 |
| NOI | $134.0k | $14.89 |
9,000 SF · lease $26.40/SF/yr · vacancy 6.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.91M
$1.68M – $2.23M
NOI $134,006 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.35M
$2.06M – $2.74M
NOI $164,506 @ 7.0% cap · market cap 4.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07733, NJ
17,266
Population
6,318
Households
2.7
Avg Household Size
46
Median Age
67%
College-Educated
97%
High-School Grad
17.8 sq mi
ZIP Area
970
Density / Sq Mi
$175,559
Median Household Income
$100,004
Median Earnings
$3,501
Median Rent
$814,000
Median Home Value
Questions? Ask Rey
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Similar Off Market Nearby
- CareOne at Holmdel — 188 NJ-34, Holmdel, NJ 07733
Frequently Asked Questions
What type of property is this?
Nursing home - Approximately 15 acres with a former nursing home structure and multiple outbuildings, including a ranch house at the rear.
Where is this nursing home located?
The property is located at 184-186 State Route 34 Holmdel, NJ.
What is the asking price?
The asking price for this property is $3,499,900.
What are key features of this property?
This property features: Main building approx. 9,000 SF across 3 floors, originally a nursing home with 40 beds.; Main building includes a large kitchen with a dumb waiter, plus distinctive features like original wood banister and marble fireplaces.; Additional free‑standing ranch house approx. 2,500 SF with a full basement, 5 BRs, 2.5 BAs, and an oversized 2‑car garage.
