For-Sale Office
For Sale
$2,500,000
96 Freneau Ave, Matawan, NJ 07747
Office building offered for sale at 96 Freneau Avenue in Matawan, NJ.
Property Size9,540 SF
Price / SF$262.05
Days on Market103
Property Features for 96 Freneau Ave
General Information
Standard status
Active
Size
9,540 SF
Building Details
Year Built
1850
Listing Agency:
EXP Realty
Listed By:
Connor Kirsh
(866) 201-6210
Source:
Goldstandardrealty
Added: Jul 25
Changed: Oct 26
Last Checked: Oct 7 at 2:49PM
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 EXP Realty
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Investment Insights
Based on property information with market context.
This for-sale office building is available at 96 Freneau Avenue in Matawan, NJ. The property is listed for $2,500,000 and includes approximately 9,540 square feet.
The listing information provided identifies the asset as an office building suitable for office-oriented uses, with size being the primary confirmed attribute.
For more details on interior layout, current condition, and any tenant or suite configuration, interested parties should inquire directly with the listing broker.
The listing information provided identifies the asset as an office building suitable for office-oriented uses, with size being the primary confirmed attribute.
For more details on interior layout, current condition, and any tenant or suite configuration, interested parties should inquire directly with the listing broker.
Key Highlights
- Office building built in 1850
- Offered for sale at 96 Freneau Avenue in Matawan, NJ
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,962
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,919,240
$2.9M
Cap Rate 7%
$2,085,171
$2.1M
Cap Rate 9%
$1,621,800
$1.6M
Market Conditions
NOI Build-Up for 9,540 SF
Gross rent
$286.2K $30.00/SF
− Vacancy
−$91.6K −$9.60/SF
EGI
$194.6K $20.40/SF
− OpEx
−$48.7K −$5.10/SF
NOI
$146.0K $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%
$2,919,240
Cap Rate 7%
$2,085,171
Cap Rate 9%
$1,621,800
Alternative Uses
Best Use
Office B
$2.09M
$1.82M – $2.43M
NOI $145,962 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.91M
NOI $174,376 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
629
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 Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Office building offered for sale at 96 Freneau Avenue in Matawan, NJ.
Where is this office building located?
The property is located at 96 Freneau Ave Matawan, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Office building built in 1850; Offered for sale at 96 Freneau Avenue in Matawan, NJ
