Retail Suite with Shared
For Sale
$500,000
432 State Route 34 #5A, Matawan, NJ 07747
Commercial zoning supports retail use in a multi-purpose space with shared parking.
Property Size2,154 SF
Price / SF$232.13
Days on Market294
Property Features for 432 State Route 34 #5A
General Information
Standard status
Active
Size
2,154 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
HOA Fee
$240
Taxes and HOA fees
Annual Taxes
$2,299
Building Details
Building Size
2,154 SF
Year Built
2004
Stories
2
Listing Agency:
Keller Williams Shore Properties
Listed By:
Timothy Scherer
(732) 797-9001
Source:
Cammarotarealestate
Added: Jan 2
Changed: Oct 22
Last Checked: Oct 22 at 2:34PM
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
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Investment Insights
Based on property information with market context.
This 2,154-square-foot retail suite is located in a building constructed in 2004. Commercial zoning allows retail use, and the space is described as suitable for professional office operations, including medical, legal, and financial services.
The property is at 432 State Route 34 in Matawan, New Jersey. Approximately 125 shared parking spaces serve the property.
The property is at 432 State Route 34 in Matawan, New Jersey. Approximately 125 shared parking spaces serve the property.
Key Highlights
- 2,154‑square‑foot retail suite, Unit 5A
- Approximately 125 shared parking spaces
- Built in 2004
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,745
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,900
$614.9K
Cap Rate 7%
$439,214
$439.2K
Cap Rate 9%
$341,611
$341.6K
Market Conditions
NOI Build-Up for 2,154 SF
Gross rent
$46.5K $21.60/SF
− Vacancy
−$2.6K −$1.21/SF
EGI
$43.9K $20.39/SF
− OpEx
−$13.2K −$6.12/SF
NOI
$30.7K $14.27/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$614,900
Cap Rate 7%
$439,214
Cap Rate 9%
$341,611
Alternative Uses
Best Use
Retail
$439.2K
$384.3K – $512.4K
NOI $30,745 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
296
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Commercial zoning supports retail use in a multi-purpose space with shared parking.
Where is this retail space located?
The property is located at 432 State Route 34 #5A 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: 2,154‑square‑foot retail suite, Unit 5A; Approximately 125 shared parking spaces; Built in 2004
