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Property profile & analytics
OFF-MARKET Estimated value $680,000
Commercial real estate

232 Saint Paul St Westfield, NJ 07090-5112

3,115 SF 0.17 ac lot Built 1940
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US59-1057104
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$655k
CAP Approach CAP
$635k
Comparable Approach Comparable
by Request
Blend (final) Blend
$680k
Owner & transaction history
Valuca Realty LLC · 2 yrs held
Valuca Realty LLC
since 2023
Last sale
$725,000
3 recorded transactions
2023
$725,000
1998
$295,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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