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Versatile Commercial Unit For Sale

432 State Route 34 #5 Matawan, NJ 07747

432 State Route 34 #5, Matawan, NJ, 07747
$500,000
For Sale
Claim this Listing
$500,000

High-traffic commercial unit suitable for various professional uses.

Property Size2,154 SF
Lot Size0.02 Acres
Price / SF$232.13
AddedJan 3
Days on Market193
Last RefreshApr 5 at 9:14 pm

Property Features for 432 State Route 34 #5

General Information

Standard status
Active
Size
2,154 SF
Lot size
0.02 Acres
Property subtype
Commercial

Building Details

Year Built
2004

Listing office KELLER WILLIAMS SHORE PROPERTIES

Listing date Jan 3, 2026

Source Corcoran

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 KELLER WILLIAMS SHORE PROPERTIES


Investment Insights

Based on property information with market context.

This spacious unit is located in a high-traffic area and is suitable for a variety of professional uses, including medical, legal, financial, or general office operations. Zoned for commercial or retail use, the retail space offers a blank canvas for customization. The property includes approximately 125 shared parking spots. The management fee is $240 per month. The unit size is 2154 square feet.

Key Highlights

  • High traffic location ideal for attracting clients/customers.
  • Suitable for a variety of professional uses (medical, legal, financial, general office).
  • Zoned for Commercial or Retail use, offering flexibility.

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 $64.6k $30.00
− Vacancy −$20.7k −$9.60
EGI $43.9k $20.40
− OpEx −$11.0k −$5.10
NOI $33.0k $15.30
2,154 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$470.8K
$412.0K – $549.3K (±1% cap)
NOI $32,956 @ 7.0% cap · market cap 6.59%
Second Best
Retail
$439.2K
$384.3K – $512.4K (±1% cap)
NOI $30,745 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$562.5K
$492.2K – $656.2K (±1% cap)
NOI $39,372 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

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

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

FAQs

What type of property is this?
Office units - High-traffic commercial unit suitable for various professional uses.
Where is this office units located?
The property is located at 432 State Route 34 #5 Matawan, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: High traffic location ideal for attracting clients/customers.; Suitable for a variety of professional uses (medical, legal, financial, general office).; Zoned for Commercial or Retail use, offering flexibility.
Contact an agent
More about this property
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