Mixed-Use Office with Residential
261 State Route 34 Colts Neck, NJ 07722
261 State Route 34, Colts Neck, NJ, 07722
$849,900
For Sale
$849,900
COMMERCIAL - Colts Neck, NJ
Property Size2,884 SF
Lot Size0.77 Acres
Price / SF$294.69
Days on Market51
Property Features for 261 State Route 34
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 10
- Fireplace
- 1
- Basement
- Finished, Walk-Out Access
- Standard status
- Active
- APN
- 10-00048-0000-00036
- Size
- 2,884 SF
- Lot size
- 0.77 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9082
Utilities
- Sewer type
- Septic Tank
- Heating system
- Baseboard
- Cooling system
- Central Air
- Water source
- Well
Building Details
- Floors in Building
- 3
- Flooring type
- Wood, Concrete
Listing Agency
G & G Agency Inc
(732) 531-2000
P.O. Box 409, Deal, NJ
Listed by
Michael Gruosso · License #0566857
(732) 531-2000
Added: May 29 Checked: Jul 18 at 6:06 am
MLS# 22615955
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This mixed-use property includes approximately 961 finished square feet per floor with a substantial interior reception area and multiple treatment-oriented rooms. The main level features 2 exam rooms, a pharmacy room, a surgery room, an office, a full bathroom, and a walk-out basement with indoor and outdoor kennels. The top floor contains a 1-bedroom living area with an additional office/bedroom, kitchen, and full bath, with skylight and a sliding glass door leading to a deck overlooking the private back yard.
The property is located on busy Route 34 with approximately 18,000 cars traveling past the site in a 24-hour period. Parking for about 8–10 vehicles provides access to a well-maintained, parklike parcel and building, which includes a covered front porch/sitting area and a fenced back yard.
Please note that the business and fixtures are not included.
The property is located on busy Route 34 with approximately 18,000 cars traveling past the site in a 24-hour period. Parking for about 8–10 vehicles provides access to a well-maintained, parklike parcel and building, which includes a covered front porch/sitting area and a fenced back yard.
Please note that the business and fixtures are not included.
Key Highlights
- Approx. 961 SF finished space per floor with mixed‑use office layout plus a 1‑bedroom apartment on the 3rd floor
- Top floor apartment includes 1 bedroom, 1 office/bedroom, kitchen, full bath, skylight, and sliding glass door to a deck overlooking the private back yard
- Main level features a large inside reception area, 2 exam rooms, pharmacy room, surgery room, and offices; 1st‑floor full bathroom
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 |
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Three-story office configuration with multiple exam/surgery rooms, plus a 1-bedroom apartment on the top floor.
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: Approx. 961 SF finished space per floor with mixed‑use office layout plus a 1‑bedroom apartment on the 3rd floor; Top floor apartment includes 1 bedroom, 1 office/bedroom, kitchen, full bath, skylight, and sliding glass door to a deck overlooking the private back yard; Main level features a large inside reception area, 2 exam rooms, pharmacy room, surgery room, and offices; 1st‑floor full bathroom
