Versatile Commercial Unit For
432 State Route 34 #5 Matawan, NJ 07747
432 State Route 34 #5, Matawan, NJ, 07747
$500,000
For Sale
$500,000
High-traffic commercial unit suitable for various professional uses.
Property Size2,154 SF
Lot Size0.02 Acres
Price / SF$232.13
Days on Market198
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 Agency
KELLER WILLIAMS SHORE PROPERTIES
(732) 797-9001
Listed by
TIMOTHY SCHERER
Source
Corcoran
Added: Jan 3 Updated: Jul 10 at 12:54 pm Checked: Jul 19 at 4:48 am
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
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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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.
