Agricultural Land with Existing
For Sale
$3,499,900
184-186 State Route 34, Holmdel, NJ 07733
Land/Lots, Holmdel, NJ
Property Size9,000 SF
Lot Size15.50 Acres
Price / SF$388.88
Days on Market138
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
Listed By:
Nita Loebis
(732) 264-9511
Added: Jun 16
Changed: Oct 21
Last Checked: Oct 31 at 1:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This agricultural property includes a three-story main building measuring approximately 9,000 square feet, with original woodwork, marble fireplaces, wide moldings, and distinctive doors. The building was previously used as a nursing home with 40 beds and includes a large kitchen with a dumbwaiter.
A separate ranch house at the rear provides approximately 2,500 square feet, five bedrooms, two-and-a-half bathrooms, a full basement, and an oversized two-car garage. Additional improvements include a barn, two separate garages, sheds, and other outbuildings. The tract includes 13.130 acres deemed farmland under a farm assessment qualifier, along with approximately 2 acres containing the buildings. The property is located at 184-186 State Route 34 in Holmdel, New Jersey.
A separate ranch house at the rear provides approximately 2,500 square feet, five bedrooms, two-and-a-half bathrooms, a full basement, and an oversized two-car garage. Additional improvements include a barn, two separate garages, sheds, and other outbuildings. The tract includes 13.130 acres deemed farmland under a farm assessment qualifier, along with approximately 2 acres containing the buildings. The property is located at 184-186 State Route 34 in Holmdel, New Jersey.
Key Highlights
- 13.130 acres deemed farmland under a farm assessment qualifier
- Approximately 9,000‑square‑foot main building across 3 floors
- Former nursing home configuration with 40 beds and a large kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,006
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,680,120
$2.7M
Cap Rate 7%
$1,914,371
$1.9M
Cap Rate 9%
$1,488,956
$1.5M
Market Conditions
NOI Build-Up for 9,000 SF
Gross rent
$237.6K $26.40/SF
− Vacancy
−$14.3K −$1.58/SF
EGI
$223.3K $24.82/SF
− OpEx
−$89.3K −$9.93/SF
NOI
$134.0K $14.89/SF
Area
Monmouth County, NJ
Vacancy
6.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,680,120
Cap Rate 7%
$1,914,371
Cap Rate 9%
$1,488,956
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
169
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - Agricultural tract with a three-story main building, separate ranch residence, barn, garages, sheds, and additional outbuildings.
Where is this agricultural land / farmland 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: 13.130 acres deemed farmland under a farm assessment qualifier; Approximately 9,000‑square‑foot main building across 3 floors; Former nursing home configuration with 40 beds and a large kitchen
