Professional Office
For Sale
$350,000
432 Highway 34, Matawan, NJ 07747
Commercial Sale, Matawan, NJ
Property Size1,535 SF
Price / SF$228.01
Days on Market277
Property Features for 432 Highway 34
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Parking Lot
Lot features
Highway Frontage
Directions
Route 9 to Route 34. Across from Market Place 2. Next to Ganga restaurant.
Standard status
Active
APN
15-11232-0000-00013-12-C1218
Size
1,535 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10306
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
2
Building materials
Brick
Roof type
Asphalt, Shingle
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
Listed By:
Timothy Scherer
(732) 797-9001
Added: Jan 2
Changed: Oct 2
Last Checked: Oct 6 at 4:06AM
MLS# 22600174
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.
Unit 3A offers 1,535 square feet of office space within a brick commercial property. The unit is served by forced-air heating and central air conditioning, with an asphalt shingle roof covering the building. Public water and public sewer are available.
The property is located on Highway 34 in Matawan and includes approximately 125 shared parking spaces in a parking lot. Commercial or retail zoning supports professional office operations and other stated commercial uses, including medical, legal, and financial services.
The property is located on Highway 34 in Matawan and includes approximately 125 shared parking spaces in a parking lot. Commercial or retail zoning supports professional office operations and other stated commercial uses, including medical, legal, and financial services.
Key Highlights
- 1,535‑square‑foot office unit identified as Unit 3A
- Commercial or retail zoning
- Approximately 125 shared parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,486
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,720
$469.7K
Cap Rate 7%
$335,514
$335.5K
Cap Rate 9%
$260,956
$261.0K
Market Conditions
NOI Build-Up for 1,535 SF
Gross rent
$46.1K $30.00/SF
− Vacancy
−$14.7K −$9.60/SF
EGI
$31.3K $20.40/SF
− OpEx
−$7.8K −$5.10/SF
NOI
$23.5K $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%
$469,720
Cap Rate 7%
$335,514
Cap Rate 9%
$260,956
Alternative Uses
Best Use
Office B
$335.5K
$293.6K – $391.4K
NOI $23,486 @ 7.0% cap · market cap 6.71%
Second Best
Healthcare Medical
$326.5K
$285.7K – $380.9K
NOI $22,856 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$400.8K
$350.7K – $467.6K
NOI $28,057 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Commercially zoned office space with shared parking and central air conditioning.
Where is this office units located?
The property is located at 432 Highway 34 Matawan, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,535‑square‑foot office unit identified as Unit 3A; Commercial or retail zoning; Approximately 125 shared parking spaces
