Mixed-Use Medical Office with
For Sale
$849,900
261 State Route 34, Colts Neck, NJ 07722
Office and medical exam layout with an additional 1-bedroom apartment and private outdoor space.
Property Size2,884 SF
Price / SF$294.69
Days on Market98
Property Features for 261 State Route 34
General Information
Standard status
Active
Size
2,884 SF
Total Parking Spaces
10
Property subtype
Mixed Use
Site & Location
Traffic Count
18,000 vehicles/day
Fenced Yard
Yes
Additional Details
Multifamily Units
1
Building Details
Stories
3
Listing Agency:
Maui Luxury Real Estate LLC
(808) 280-5987
Listed By:
Adam Rixey · License #0566857
(808) 280-5987
Source:
Xome
Added: Apr 26
Changed: Jul 10
Last Checked: Jul 16 at 7:44AM
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 Maui Luxury Real Estate LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes professionally finished office space with a medical-focused room layout, plus a separate 1-bedroom living unit on the third floor. The building is described as well maintained, with a covered front porch and a fenced-in back yard. Office space per floor is approximately 961 square feet, and the main level features a large interior reception area, two exam rooms, a pharmacy room, a surgery room, an office, and a full bathroom. A walk-out basement includes indoor and outdoor kennels.
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.
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.
Key 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
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 |
2,884 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$630.4K
$551.6K – $735.4K
NOI $44,125 @ 7.0% cap · market cap 5.19%
Second Best
Healthcare Medical
$613.5K
$536.8K – $715.7K
NOI $42,942 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$753.1K
$658.9K – $878.6K
NOI $52,715 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
18,000 VPD
Traffic count
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
345
Businesses Nearby
Explore this area
Business Placement
Demographics for 07722, NJ
10,041
Population
3,723
Households
2.7
Avg Household Size
44
Median Age
68%
College-Educated
98%
High-School Grad
34.5 sq mi
ZIP Area
291
Density / Sq Mi
$183,015
Median Household Income
$80,794
Median Earnings
$2,895
Median Rent
$871,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Office and medical exam layout with an additional 1-bedroom apartment and private outdoor space.
Where is this live-work space located?
The property is located at 261 State Route 34 Colts Neck, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: 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
