Three-Building Mixed-Use
For Sale
$1,600,000
2000 Highway 34, Wall, NJ 07719
Multiple office configurations and substantial renovation work shape this Highway 34 commercial property.
Property Size3,237 SF
Lot Size1.00 Acre
Price / SF$494.28
Days on Market169
Property Features for 2000 Highway 34
General Information
Standard status
Active
Size
3,237 SF
Lot size
1.00 Acre
Property subtype
Commercial
Site & Location
Traffic Count
50,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
three-level deck
Building Details
Buildings
3
Stories
2
Listing Agency:
RE/MAX Central
Listed By:
Michael Sclafani · License #306368
(732) 972-1000
Source:
Cammarotarealestate
Added: May 8
Changed: Oct 22
Last Checked: Oct 22 at 2:13PM
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 RE/MAX Central
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Investment Insights
Based on property information with market context.
The one-acre property at 2000 Highway 34 includes three structures totaling approximately 3,237 sq. ft. A single-story garage and office building contains 948 sq. ft., including a 27' x 24' garage area and a full bathroom. The three-story office building has approximately 2,189 sq. ft. and two bathrooms; a detached, heated and electrified office adds approximately 100 sq. ft. The two larger buildings are linked by an addition.
Improvements include new windows and doors, replacement roofs on both main buildings, rough HVAC and plumbing work, structural and framing work, a new staircase, glass garage doors, and a three-level deck. Interior demolition and site clearing have also been completed. Phase 1 environmental work reported no issues, and variance approvals were obtained for a proposed change of use. Renovation and approval work was paused when ownership outgrew the property.
The site fronts Highway 34 and Allaire Road, with an estimated 30,000-50,000 vehicles passing daily. The Garden State Parkway entrance is one mile away, and the Jersey Shore is minutes from the property. Annual traffic exposure is estimated at 11-18 million vehicles.
Improvements include new windows and doors, replacement roofs on both main buildings, rough HVAC and plumbing work, structural and framing work, a new staircase, glass garage doors, and a three-level deck. Interior demolition and site clearing have also been completed. Phase 1 environmental work reported no issues, and variance approvals were obtained for a proposed change of use. Renovation and approval work was paused when ownership outgrew the property.
The site fronts Highway 34 and Allaire Road, with an estimated 30,000-50,000 vehicles passing daily. The Garden State Parkway entrance is one mile away, and the Jersey Shore is minutes from the property. Annual traffic exposure is estimated at 11-18 million vehicles.
Key Highlights
- Three structures total approximately 3,237 sq. ft. on a 1‑acre property
- Highway 34 and Allaire Road frontage; estimated daily traffic of 30,000‑50,000 vehicles
- One‑story garage/office building offers 948 sq. ft., including a 27' x 24' garage and full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,526
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$990,520
$990.5K
Cap Rate 7%
$707,514
$707.5K
Cap Rate 9%
$550,289
$550.3K
Market Conditions
NOI Build-Up for 3,237 SF
Gross rent
$97.1K $30.00/SF
− Vacancy
−$31.1K −$9.60/SF
EGI
$66.0K $20.40/SF
− OpEx
−$16.5K −$5.10/SF
NOI
$49.5K $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%
$990,520
Cap Rate 7%
$707,514
Cap Rate 9%
$550,289
Alternative Uses
Best Use
Office B
$707.5K
$619.1K – $825.4K
NOI $49,526 @ 7.0% cap · market cap 3.10%
Second Best
Retail
$660.0K
$577.5K – $770.1K
NOI $46,203 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$845.2K
$739.6K – $986.1K
NOI $59,167 @ 7.0% cap · market cap 3.70%
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
Lease Details
50,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 07719, NJ
21,665
Population
10,753
Households
2
Avg Household Size
46
Median Age
53%
College-Educated
96%
High-School Grad
12.7 sq mi
ZIP Area
1,706
Density / Sq Mi
$119,877
Median Household Income
$58,854
Median Earnings
$1,754
Median Rent
$628,700
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?
Mixed-use property - Multiple office configurations and substantial renovation work shape this Highway 34 commercial property.
Where is this mixed-use property located?
The property is located at 2000 Highway 34 Wall, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three structures total approximately 3,237 sq. ft. on a 1‑acre property; Highway 34 and Allaire Road frontage; estimated daily traffic of 30,000‑50,000 vehicles; One‑story garage/office building offers 948 sq. ft., including a 27' x 24' garage and full bathroom
