Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    392 State Route 34 Matawan, NJ 07747

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,400,000

    Restaurant property on Route 34, currently rented under a triple-net lease.

    Lot size:
    1.10 Acres
    Added:
    Dec 25, 2025
    Days on Market:
    134
    Last Refresh:
    Jan 20 at 10:42 am

    Property Features for 392 State Route 34

    General Information

    Standard status
    Active
    Lot size
    1.10 Acres

    We can help!

    Listing Contact
    Sangita Sancheti

    Listing agent Sangita Sancheti License #1008005

    Listing office coldwell banker realty

    Listing date Dec 25, 2025

    Source Exprealty

    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 coldwell banker realty

    HighLights

    • Prime location on Route 34
    • Triple Net Lease in place providing immediate income
    • Large property size offering development potential
    • Opportunity for zoning variance to maximize property use
    • Currently rented to a sushi restaurant
    • Current rental income of $5,000 NNN

    Overview

    Restaurant on Route 34

    This property features a restaurant located in a prime location on Route 34. Currently, the property is rented to a sushi restaurant under a triple net lease. The property's size presents the possibility of pursuing a zoning variance. The current rent is $5,000 NNN, offering income potential while also allowing for future development on the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Fatty's Fat Snacks - Foodtruck — 439 NJ-34, Matawan, NJ 07747

    Location Insight

    • Map
    • Local Demand
    City
    Matawan
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.2683
    Latitude
    40.4226

    Nearby Similar for Sale

    • $2,100,000
      9,540 SF

      Matawan Commercial Property For Sale

      Commercial property in Matawan, NJ, ideal for retail or automotive.
      96 Freneau Avenue, Matawan, NJ 07747
      View Details
    • $1,750
      4,080 SF

      Renovated Office Space with Amenities

      Fully renovated office space with private entrance and included utilities.
      76 Main Street, Matawan, NJ 07747
      View Details
    • $1,750
      4,000 SF

      Renovated Office Space Available

      Fully renovated office space with private entrance and included utilities.
      76 Main Street, Matawan, NJ 07747
      View Details
    • $1,750
      4,000 SF

      Renovated Office Space Available

      Fully renovated office space with private entrance and included utilities.
      76 Main Street, Matawan, NJ 07747
      View Details
    • $2,200,000
      10,000 SF

      Updated Matawan Commercial Investment Opportunity

      Fully leased, updated building with diverse tenants and income potential.
      228 State Route 34, Matawan, NJ 07747
      View Details
    • $825,000
      1,499 SF

      Updated Income-Producing Matawan Two-Family

      Updated two-family property generating $80K+ annually on oversized lot.
      49 Middlesex Road, Matawan, NJ 07747
      View Details
    • $1,399,000
      1,560 SF

      Matawan Commercial Property For Sale

      Commercial property in Matawan, NJ, featuring 1,560 square feet.
      2 Cliffwood Avenue, Matawan, NJ 07747
      View Details
    • $500,000
      2,154 SF

      Matawan Commercial Unit For Sale

      Commercial/Retail unit in high-traffic location, suitable for various professional uses.
      432 State Route 34, Matawan, NJ 07747
      View Details
    • $500,000
      2,154 SF

      Matawan Commercial Unit For Sale

      High-traffic commercial unit suitable for various professional or retail uses.
      432 State Route 34, Matawan, NJ 07747
      View Details
    • $475,000

      Matawan Commercial Space on Route

      Commercial space on Route 34, suitable for retail/office.
      359 Route 34, Matawan, NJ 07747
      View Details
    • $230,000
      783 SF

      Matawan Restaurant Property For Sale

      Equipped restaurant property with parking and outdoor seating available for sale.
      759 State Route 34, Matawan, NJ 07747
      View Details
    • $1,400,000
      7,901 SF

      Matawan Restaurant Investment Opportunity

      Restaurant on Route 34 with development potential and income.
      392 Route 34, Matawan, NJ 07747
      View Details

    FAQs

    What type of property is this?
    Restaurant - Restaurant property on Route 34, currently rented under a triple-net lease.
    Where is this restaurant located?
    The property is located at 392 State Route 34 Matawan, NJ.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Prime location on Route 34; Triple Net Lease in place providing immediate income; Large property size offering development potential
    (732) 462-4242
    We can help!
    Listing Contact
    Sangita Sancheti
    Real Estate License ID: 1008005
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    392 State Route 34, Matawan, NJ, 07747-2182
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!