Matawan Commercial Property For
For Sale
$2,500,000
96 Freneau Avenue, Matawan, NJ 07747
COMMERCIAL - Matawan, NJ
Property Size9,540 SF
Lot Size0.77 Acres
Price / SF$262.05
Days on Market98
Property Features for 96 Freneau Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Planned Residential
Parking
20
Lot features
Level
Directions
MAIN ST. (MATAWAN) TO 79S.
Subdivision
Matawan
Standard status
Active
APN
31-00001-0000-00001
Size
9,540 SF
Lot size
0.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
36689
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1850
Floors in Building
1
Roof type
Shingle
Listing Agency:
EXP Realty
(866) 201-6210
Listed By:
Connor Kirsh
(866) 201-6210
Added: May 4
Changed: Aug 4
Last Checked: Aug 9 at 7:06PM
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.
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 = 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
$136,167
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
5.45%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
827
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
- Meineke Car Care Center — 1148 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
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
