Improved Commercial
New
For Sale
$1,249,000
765 NJ-34, Matawan, NJ 07747
Commercial Sale, Matawan, NJ
Property Size2,700 SF
Price / SF$462.59
Days on Market1
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
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
Stucco
Listing Agency:
Serhant New Jersey LLC
(973) 315-5959
Listed By:
Janice Rizzo · License #1324783
(732) 845-3200
Added: Sep 21
Last Checked: Sep 21 at 8:06PM
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.
Investment Insights
Based on property information with market context.
This HI-zoned commercial land parcel includes a 2,700-square-foot standalone building on 0.17 acres at 765 NJ-34 in Matawan. The existing improvement was built in 1950 and features stucco construction, tile flooring, forced-air heat, central air, refrigeration, lighting, open parking, and a basement. Public water and public sewer serve the property.
The site is positioned along NJ-34, with access to the Garden State Parkway and nearby Aberdeen and Holmdel. The property is identified for potential redevelopment, professional office use, medical practice use, or boutique retail, subject to applicable approvals. Its existing building and commercial zoning provide a basis for evaluating continued occupancy or future site planning.
The site is positioned along NJ-34, with access to the Garden State Parkway and nearby Aberdeen and Holmdel. The property is identified for potential redevelopment, professional office use, medical practice use, or boutique retail, subject to applicable approvals. Its existing building and commercial zoning provide a basis for evaluating continued occupancy or future site planning.
Key Highlights
- 0.17‑acre commercial land parcel at 765 NJ‑34
- Existing 2700‑square‑foot standalone commercial building
- HI commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
274
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
Check the figures for this property
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Commercial land - HI-zoned parcel with an existing standalone commercial building and public utilities.
Where is this commercial land 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: 0.17‑acre commercial land parcel at 765 NJ‑34; Existing 2700‑square‑foot standalone commercial building; HI commercial zoning
