Technical
Financial
Distress signals
Property profile

232 Saint Paul St Westfield, NJ 07090

OFF-MARKET
Commercial real estate
Property ID
US59-1057104
3,115 SF 0.17 ac lot Built 1940
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office space, located at 232 Saint Paul Street, Unit 201, in Westfield, NJ, offers a fantastic opportunity for businesses seeking a prime location. The property is situated on a 0.17-acre lot and features a completely renovated office building under new ownership. The entire second floor, approximately 1,000 square feet, is available for lease. Alternatively, the space can be subdivided into three individual offices, each available for separate lease. This provides flexibility for businesses of various sizes. The building benefits from its convenient location near downtown Westfield, providing easy access to a wide array of amenities. Ample parking is available for tenants, adding to the property's appeal. For added convenience, garage space is also available for an additional monthly fee of $300. This is a gross lease, meaning that the monthly rent of $1350 covers all expenses, simplifying budgeting and eliminating unexpected costs. This is a rare opportunity to secure a well-appointed, conveniently located office space in the thriving town of Westfield. Inquire today to learn more about this exceptional property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1940
Construction BRICK
Total area 3,115 SF
Lot 0.17 ac (7,619 SF)
APN 20 03113-0000-00010
UPID US59-1057104

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

232 Saint Paul St Westfield, NJ 07090-5112
Westfield metro Census 36600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
$635k
Comparable Approach Comparable
by Request
Blend (final) Blend
$670k

Owner & transaction history

since 2023
Last sale
$725,000
3 recorded transactions
2023
$725,000
1998
$295,000
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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