Commercial Office
For Sale
$500,000
432 State Route 34, Matawan, NJ 07747
Commercial Sale, Matawan, NJ
Property Size2,154 SF
Price / SF$232.13
Days on Market298
Property Features for 432 State Route 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-C1222
Size
2,154 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2299
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
2004
Floors in Building
2
Building materials
Brick
Roof type
Shingle, Asphalt
Listing Agency:
Keller Williams Shore Properties · Keller Williams Realty
Listed By:
Timothy Scherer
(732) 797-9001
Added: Jan 2
Changed: Oct 18
Last Checked: Oct 27 at 12:06AM
MLS# 22600172
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.
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Investment Insights
Based on property information with market context.
Unit 5A provides 2,154 square feet of commercial space at 432 State Route 34 in Matawan. The interior is offered as a blank canvas for a future office or retail configuration, with zoning supporting commercial or retail use. Central air, brick construction, an asphalt shingle roof, and a parking lot are among the existing property features.
The unit is positioned for professional operations such as medical, legal, financial, or general office use, as well as retail occupancy. Shared parking is available on site, with approximately 125 spaces serving the property. Public water and public sewer support the 2004-built building.
The unit is positioned for professional operations such as medical, legal, financial, or general office use, as well as retail occupancy. Shared parking is available on site, with approximately 125 spaces serving the property. Public water and public sewer support the 2004-built building.
Key Highlights
- Unit 5A contains 2,154 square feet of commercial space
- Zoned for Commercial or Retail use
- Approximately 125 shared parking spots
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,956
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,120
$659.1K
Cap Rate 7%
$470,800
$470.8K
Cap Rate 9%
$366,178
$366.2K
Market Conditions
NOI Build-Up for 2,154 SF
Gross rent
$64.6K $30.00/SF
− Vacancy
−$20.7K −$9.60/SF
EGI
$43.9K $20.40/SF
− OpEx
−$11.0K −$5.10/SF
NOI
$33.0K $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%
$659,120
Cap Rate 7%
$470,800
Cap Rate 9%
$366,178
Alternative Uses
Best Use
Office B
$470.8K
$412.0K – $549.3K
NOI $32,956 @ 7.0% cap · market cap 6.59%
Second Best
Retail
$439.2K
$384.3K – $512.4K
NOI $30,745 @ 7.0% cap · market cap 6.15%
Theoretical Best
Office A
$562.5K
$492.2K – $656.2K
NOI $39,372 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Commercially zoned space with central air, parking-lot access, and flexibility for professional or retail occupancy.
Where is this office unit located?
The property is located at 432 State Route 34 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: Unit 5A contains 2,154 square feet of commercial space; Zoned for Commercial or Retail use; Approximately 125 shared parking spots
