For-Sale Office
96 Freneau Avenue Matawan, NJ 07747
For Sale
$2,500,000
Office building offered for sale at 96 Freneau Avenue in Matawan, NJ.
Property Size9,540 SF
Price / SF$262.05
Days on Market158
Property Features for 96 Freneau Avenue
General Information
Standard status
Active
Size
9,540 SF
Property subtype
Commercial
Building Details
Year Built
1850
Listing Agency:
EXP Realty
Listed By:
Connor Kirsh
(833) 740-1234
Source:
Actionplusrealty
Added: Feb 21
Changed: Jul 26
Last Checked: Jul 27 at 9:09PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $286.2k | $30.00 |
| − Vacancy | −$91.6k | −$9.60 |
| EGI | $194.6k | $20.40 |
| − OpEx | −$48.7k | −$5.10 |
| NOI | $146.0k | $15.30 |
9,540 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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 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: Office building built in 1850; Offered for sale at 96 Freneau Avenue in Matawan, NJ
