261 State Route 34, Colts Neck, NJ 07722
Office and medical exam layout with an additional 1-bedroom apartment and private outdoor space.
- Added:
- May 14, 2026
- Days on Market:
- 33
- Last Refresh:
- Jun 15 at 5:48 am
Property Features for 261 State Route 34
General Information
- Standard status
- Active
- Size
- 2,884 SF
- Property subtype
- Mixed Use
Listing agent Michael Gruosso License #0566857 (732) 704-4033
Listing office G & G Agency Inc (732) 704-4033
Listing date May 14, 2026
Source Xome
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 G & G Agency Inc
HighLights
- Mixed‑use office building with 1‑bedroom apartment on the 3rd floor
- Approx. 961 SF finished space per floor with a large inside reception area
- Medical‑style layout includes 2 exam rooms, pharmacy room, and 1 surgery room, plus offices
- First floor includes a full bathroom and walk‑out basement with indoor and outdoor kennels
- Central air cooling; heating listed as 3; flooring includes concrete and wood
- On‑site parking for 10 spaces; covered front porch/sitting area and fenced back yard, plus deck off the apartment
Overview
The property is located on busy Route 34, with approximately 18,000 cars passing the site in a 24-hour period. Access is provided by about 8 to 10 parking spots, leading to a parklike parcel and building setting.
For tenants or operators, the configuration supports a service-oriented practice with dedicated treatment and service rooms, along with supporting administrative space. The top floor provides a self-contained apartment with a bedroom/office-bedroom combination, a kitchen, a full bathroom, skylight, and a sliding glass door to a deck overlooking the private back yard. Business and fixtures are not included in the sale.
Local Financial Insights For Office B
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 | $86.5k | $30.00 |
| − Vacancy | −$27.7k | −$9.60 |
| EGI | $58.8k | $20.40 |
| − OpEx | −$14.7k | −$5.10 |
| NOI | $44.1k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Colts Neck
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.170095
- Latitude
- 40.279509
