Two-Room Second-Floor Office
For Sale
Contact for pricing
203 Main Street #2B, Matawan, NJ 07747
Approximately 750 square feet with private restroom and rear parking for staff and visitors.
Property Size2,784 SF
Price / SF$0.43
Days on Market91
Property Features for 203 Main Street #2B
General Information
Standard status
Active
Size
2,784 SF
Total Parking Spaces
12
Property subtype
Office
Additional Details
Floor
Second Floor
Property Use
Office
Building Details
Year Built
1908
Listing Agency:
Keller Williams Realty Central Monmouth
Listed By:
Antonio Scibor · License #2332776
(732) 945-5253
Source:
Defelicerealtygroup
Added: Aug 4
Changed: Oct 31
Last Checked: Oct 31 at 2:20PM
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 Realty Central Monmouth
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Investment Insights
Based on property information with market context.
The second-floor office suite contains approximately 750 square feet arranged in two rooms, with storage closets and a dedicated restroom. The office is within a professional building constructed in 1908, and rear parking accommodates 12 cars.
The property is at 203 Main Street in Matawan, within walking distance of downtown shops and restaurants. Major roadways are also nearby.
The property is at 203 Main Street in Matawan, within walking distance of downtown shops and restaurants. Major roadways are also nearby.
Key Highlights
- Approximately 750 square feet on the second floor
- Two‑room layout with storage closets and a dedicated restroom
- Rear parking for 12 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,595
Suggested Prices Based on Cap Rates
Cap Rate 5%
$851,900
$851.9K
Cap Rate 7%
$608,500
$608.5K
Cap Rate 9%
$473,278
$473.3K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$83.5K $30.00/SF
− Vacancy
−$26.7K −$9.60/SF
EGI
$56.8K $20.40/SF
− OpEx
−$14.2K −$5.10/SF
NOI
$42.6K $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%
$851,900
Cap Rate 7%
$608,500
Cap Rate 9%
$473,278
Alternative Uses
Best Use
Office B
$608.5K
$532.4K – $709.9K
NOI $42,595 @ 7.0% cap · market cap 3,549.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$727.0K
$636.1K – $848.1K
NOI $50,887 @ 7.0% cap · market cap 4,240.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
918
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Approximately 750 square feet with private restroom and rear parking for staff and visitors.
Where is this office unit located?
The property is located at 203 Main Street #2B Matawan, NJ.
What are key features of this property?
This property features: Approximately 750 square feet on the second floor; Two‑room layout with storage closets and a dedicated restroom; Rear parking for 12 cars
