Search
Office Buildings with Three-Structure Compound
For Sale
$1,600,000

2000 State Route 34, Wall Township, NJ 07727

Three-structure office compound with an estimated 30,000–50,000 vehicles per day exposure on State Route 34.

Property Size3,237 SF
Lot Size1.00 Acre
Price / SF$494.28
Days on Market178

Property Features for 2000 State Route 34

General Information

Standard status Active
Size 3,237 SF
Lot size 1.00 Acre

Site & Location

Traffic Count 50,000 vehicles/day
Highway Access Yes
Road Access Yes

Building Details

Buildings 3
Listing Agency: RE/MAX Central
Listed By: Michael Sclafani · License #306368
Source: Exprealty
Added: May 8 Changed: Oct 25 Last Checked: Nov 1 at 8:03AM

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

Rey
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.

2000 State Route 34 in Wall Township presents a three-structure office compound positioned for high visibility. The property totals approximately 1 acre and includes three separate buildings totaling approximately 3,237 SF. The first building fronts State Route 34 and is a single-story garage/office structure totaling approximately 948 SF, with a 27' x 24' garage area plus office space and a full bathroom. The second structure fronts Allaire Road and is a three-story office building totaling approximately 2,189 SF, designed for multiple offices and workspaces, conference areas, and two bathrooms. The third structure is a fully finished detached office measuring approximately 100 SF with heat and electric, suitable for a private office, security, or additional workspace.

The two main buildings were connected by a small addition, and the property was undergoing a transformation into a modern showroom and office complex after seeking variance approvals for a change of use. Renovations and approvals were paused because ownership outgrew the space. Work already completed includes Phase 1 environmental work with no issues and a clean title, along with a full property cleanup and interior demolition, clearing of trees, brand new windows and doors, a new standing seam metal roof on the three-story building, and a new commercial rubber roof on the garage structure. Rough HVAC and plumbing completion, structural and framing work, new staircase installation, new glass garage doors, and a newly constructed three-level deck with composite decking and aluminum railings were also completed.

The property is estimated to see approximately 30,000–50,000 vehicles per day along Highway 34, with projected yearly traffic exposure reaching approximately 11–18 million vehicles annually. The site also benefits from additional frontage from Allaire Road.

Key Highlights

  • Three structures totaling approximately 3,237 SF on approximately 1 acre
  • 948 SF single‑story garage/office on State Route 34 with 27' x 24' garage
  • 2,189 SF three‑story office building fronting Allaire Road with multiple offices and conference areas

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 (±1% cap)
NOI $49,526 @ 7.0% cap · market cap 3.10%
Second Best
Retail
$660.0K
$577.5K – $770.1K (±1% cap)
NOI $46,203 @ 7.0% cap · market cap 2.89%
Theoretical Best
Office A
$845.2K
$739.6K – $986.1K (±1% cap)
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

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Storage Facility (Bike/Boat/Book/etc) Store Nail Salon Skin Care Clinic Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

50,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

241
Businesses Nearby

Demographics for 07727, NJ

7,707
Population
2,951
Households
2.6
Avg Household Size
45
Median Age
49%
College-Educated
97%
High-School Grad
25.5 sq mi
ZIP Area
302
Density / Sq Mi
$131,125
Median Household Income
$52,551
Median Earnings
$1,794
Median Rent
$585,900
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office building - Three-structure office compound with an estimated 30,000–50,000 vehicles per day exposure on State Route 34.
Where is this office building located?
The property is located at 2000 State Route 34 Wall Township, 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 totaling approximately 3,237 SF on approximately 1 acre; 948 SF single‑story garage/office on State Route 34 with 27' x 24' garage; 2,189 SF three‑story office building fronting Allaire Road with multiple offices and conference areas
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
Preferred Make Realmo a preferred source.

Our comps and market reports get this label in your Google results.

Add as a preferred source on Google One click on Google
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message
Why this one?
Saved