Freestanding Storefront
For Sale
$1,249,000
765 NJ-34, Matawan, NJ 07747
Commercial Sale, Matawan, NJ
Property Size2,700 SF
Lot Size0.17 Acres
Price / SF$462.59
Days on Market47
Property Features for 765 NJ-34
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
General Highway, Commercial
Rooms
Basement
Parking features
Open
Interior features
Refrigeration
Exterior features
Lighting
Lot features
Highway Frontage
Directions
GPS
Subdivision
Matawan
Standard status
Active
APN
000000
Size
2,700 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
12196
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Flooring type
Tile
Building materials
Block, Stucco
Roof type
Flat, Shingle
Buildings
1
Listing Agency:
Serhant New Jersey LLC
Listed By:
Janice Rizzo · License #1324783
(973) 315-5959
Added: Sep 21
Changed: Oct 29
Last Checked: Nov 6 at 1:06PM
MLS# 22629862
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding commercial building contains 2,700 square feet on a 0.17-acre parcel. Built in 1950, it has tile flooring, refrigeration, forced-air heat, and central air conditioning. Construction is block and stucco, with open parking and a basement.
The property is at 765 NJ-34 in Matawan, Monmouth County. Public water and public sewer serve the site.
The property is at 765 NJ-34 in Matawan, Monmouth County. Public water and public sewer serve the site.
Key Highlights
- 2,700‑square‑foot freestanding commercial building
- 0.17‑acre parcel along NJ‑34 in Matawan
- HI commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,538
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,760
$770.8K
Cap Rate 7%
$550,543
$550.5K
Cap Rate 9%
$428,200
$428.2K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$58.3K $21.60/SF
− Vacancy
−$3.3K −$1.21/SF
EGI
$55.1K $20.39/SF
− OpEx
−$16.5K −$6.12/SF
NOI
$38.5K $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%
$770,760
Cap Rate 7%
$550,543
Cap Rate 9%
$428,200
Alternative Uses
Best Use
Retail
$550.5K
$481.7K – $642.3K
NOI $38,538 @ 7.0% cap · market cap 3.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$705.0K
$616.9K – $822.5K
NOI $49,352 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Under-served
Demand for This Use
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
$464,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Storefront properties in Monmouth County, NJ
Properties on Market for Storefront properties in Monmouth County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Matawan Flower Deliviry — Sonia Ave, Matawan, NJ 07747, United States
Frequently Asked Questions
What type of property is this?
Storefront property - The property has HI commercial zoning and sits along Route 34 in Matawan.
Where is this storefront property located?
The property is located at 765 NJ-34 Matawan, NJ.
What is the asking price?
The asking price for this property is $1,249,000.
What are key features of this property?
This property features: 2,700‑square‑foot freestanding commercial building; 0.17‑acre parcel along NJ‑34 in Matawan; HI commercial zoning
