Matawan Commercial Property For
96 Freneau Avenue, Matawan, NJ 07747
For Sale
$2,500,000
Pending
Commercial Sale, Matawan, NJ
Property Size9,540 SF
Lot Size0.77 Acres
Days on Market190
Property Features for 96 Freneau Avenue
General Information
Property type
Property subtype
Zoning description
Parking
Lot features
Directions
Subdivision
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Roof type
Listing Agency:
EXP Realty
Listed By:
Connor Kirsh
(866) 201-6210
Added: May 4
Changed: Oct 20
Last Checked: Nov 9 at 5:06AM
MLS# 22612898
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located in Matawan, New Jersey. The property has a size of 9,540 square feet and is situated on a 0.77-acre lot. It is suitable for auto shops, automotive properties, retail spaces, and general commercial real estate purposes.
Key Highlights
- Year Built: 1850
- Heating: Forced Air
- Water Source: Public
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,167
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,723,340
$2.7M
Cap Rate 7%
$1,945,243
$1.9M
Cap Rate 9%
$1,512,967
$1.5M
Market Conditions
NOI Build-Up for 9,540 SF
Gross rent
$206.1K $21.60/SF
− Vacancy
−$11.5K −$1.21/SF
EGI
$194.5K $20.39/SF
− OpEx
−$58.4K −$6.12/SF
NOI
$136.2K $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%
$2,723,340
Cap Rate 7%
$1,945,243
Cap Rate 9%
$1,512,967
Alternative Uses
Best Use
Retail
$1.95M
$1.70M – $2.27M
NOI $136,167 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$1.31M
$1.14M – $1.52M
NOI $91,451 @ 7.0% cap · market cap 3.66%
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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Well-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
$464,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Monmouth County, NJ
Properties on Market for Auto shops in Monmouth County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Ocean Auto Center LLC — 1164 NJ-34, Aberdeen Township, NJ 07747
- Marv's Auto Tech — 1164 NJ-34, Aberdeen Township, NJ 07747
- Mavis Discount Tire — 1155 NJ-34, Aberdeen Township, NJ 07747
- iTech Auto Technologies — 1155 NJ-34, Matawan, NJ 07747
- Meineke Car Care Center — 1148 NJ-34, Aberdeen Township, NJ 07747
Frequently Asked Questions
What type of property is this?
Auto shop - 9,540 SF commercial property on 0.77 acres in Matawan.
Where is this auto shop located?
The property is located at 96 Freneau Avenue 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: Year Built: 1850; Heating: Forced Air; Water Source: Public
