Three-Story Medical Office
114 S EUCLID AVE Unit 1 Westfield, NJ 07090
114 S EUCLID AVE Unit 1, Westfield, NJ, 07090
$1,250,000
For Sale
$1,250,000
Three-story professional building with a full basement and parking lot on a quarter-acre lot.
Property Size3,200 SF
Lot Size0.25 Acres
Price / SF$390.63
Days on Market145
Property Features for 114 S EUCLID AVE Unit 1
General Information
- Standard status
- Active
- Size
- 3,200 SF
- Lot size
- 0.25 Acres
- Property subtype
- Office
Listing agency
COLDWELL BANKER REALTY
(908) 233-5555
Listed by
JOHN CLARK WILEY
Source
Xome
Added: Feb 26 Updated: Jul 20 at 8:24PM Checked: Jul 21 at 3:54AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This three-story professional building includes a full basement and an on-site parking lot on a quarter-acre lot. The first floor is configured as a medical suite. The second level features four large offices and a lavatory. The third floor offers vaulted ceilings and can serve as a conference room or additional work space.
The property is in a professional zone within Westfield, and the entire building can be delivered vacant, supporting an owner-user or multi-suite plan.
With its multi-level office and medical suite layout, the building is designed to accommodate a range of professional uses across floors.
The property is in a professional zone within Westfield, and the entire building can be delivered vacant, supporting an owner-user or multi-suite plan.
With its multi-level office and medical suite layout, the building is designed to accommodate a range of professional uses across floors.
Key Highlights
- Three‑story professional building with full basement and off‑street parking on a quarter‑acre lot
- Zoned professional; located in the Central Business District on a level lot
- Parking for 8 vehicles; includes 1‑car off‑street space
Local 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 | $96.0k | $30.00 |
| − Vacancy | −$30.7k | −$9.60 |
| EGI | $65.3k | $20.40 |
| − OpEx | −$16.3k | −$5.10 |
| NOI | $49.0k | $15.30 |
3,200 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$699.4K
$612.0K – $816.0K
NOI $48,960 @ 7.0% cap · market cap 3.92%
Second Best
Healthcare Medical
$680.7K
$595.6K – $794.1K
NOI $47,647 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$835.6K
$731.1K – $974.9K
NOI $58,491 @ 7.0% cap · market cap 4.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Carol L. Healey, ...
Counselor
Rybowski Anne G
Physician
Dr. Jay M. ...
Ophthalmologist
Lois D. Goorwitz, ...
Physician
Cappuccio Kenneth T
Foster Care Service
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FAQs
What type of property is this?
Office building - Three-story professional building with a full basement and parking lot on a quarter-acre lot.
Where is this office building located?
The property is located at 114 S EUCLID AVE Unit 1 Westfield, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Three‑story professional building with full basement and off‑street parking on a quarter‑acre lot; Zoned professional; located in the Central Business District on a level lot; Parking for 8 vehicles; includes 1‑car off‑street space
