Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    82 Elm St Westfield, NJ 07090

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in central Westfield location with excellent visibility.

    Property size:
    400 SF
    Lot size:
    0.11 Acres

    Property Features for 82 Elm St

    General Information

    Size
    400 SF
    Lot size
    0.11 Acres

    We can help!

    Listing Contact
    Clare Golz
    Clare Golz
    Source: Moodyscre

    Listing Agent: Clare Golz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Retail Space in Westfield

    A prime retail opportunity is coming soon to a sought-after block in Westfield. The property benefits from a central location surrounded by national retailers and excellent visibility from Westfield's main signalized intersection. The surrounding area features exceptional demographics. Signage is well-lit, providing visibility for nighttime traffic. The property offers 400 square feet of retail space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Premier Psychiatric Consultants, ... Psychiatrist Dr. Yissell Delvalle, ... Psychiatrist Best Foot Forward ... Shoe Store Bluemercury Spa Spa Bluemercury Cosmetics Store

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3480141
    Latitude
    40.6516896

    Nearby Similar for Lease

    • $3,000 /Mo
      23,100 SF

      Executive Office Suite in Westfield

      Move-in ready office space in downtown Westfield, near transportation.
      241 North Ave W, Westfield, NJ 07090
      View Details
    • $800 /Mo
      13,068 SF

      Westfield Town Professional Office Space

      Professional office space in a desirable, central location near transportation.
      134 S Euclid Ave, Westfield, NJ 07090
      View Details
    • $30 SF/Yr
      2,500 SF

      Westfield Office Space with Patio

      Prime commercial space in downtown Westfield with outdoor patio.
      219-225 E Broad St, Westfield, NJ 07090
      View Details
    • $1,050 /Mo
      1,080 SF

      Renovated Office Space with Amenities

      Newly renovated office space with shared amenities and parking included.
      560 Springfield Ave, Westfield, NJ 07090
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Westfield Transit

      1,500 SF retail space in high-traffic Westfield location.
      220 Ave S, Westfield, NJ
      View Details
    • Contact for pricing
      12,000 SF

      Westfield Retail Space For Lease

      Prime Westfield Retail, 12,000 SF Total
      184-188 Elm St, Westfield, NJ 07090
      View Details
    • Contact for pricing
      2,075 SF

      Downtown Retail Space For Lease

      Prime Union County location, two suites available.
      220 Broad St, Westfield, NJ 07090
      View Details
    • $2,365 /Mo

      Westfield Office Space For Rent

      Office space available in Westfield, close to NYC transportation.
      238 Saint Paul St, Westfield, NJ 07090
      View Details
    • Contact for pricing
      3,928 SF

      Prime Retail Space in Westfield

      Prominent retail space in affluent downtown Westfield, New Jersey.
      76 Elm St, Westfield, NJ 07090
      View Details
    • $40 SF/Yr
      2,950 SF

      Upscale Downtown Retail Space Available

      Prime retail location in upscale downtown Westfield, New Jersey.
      Westfield, NJ 07090
      View Details
    • $35 SF/Yr

      Medical/Professional Office Space Available

      Corner office space in medical building with ample parking.
      577 Westfield Ave, Westfield, NJ 07090
      View Details
    • $2,400 /Mo
      900 SF

      Westfield Apartment with Included Utilities

      Two-bedroom apartment in Westfield with utilities included, application required.
      503 Carleton Rd, Westfield, NJ 07090
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in central Westfield location with excellent visibility.
    Where is this retail space located?
    The property is located at 82 Elm St Westfield, NJ.
    What are key features of this property?
    This property features: - Prime location in a highly sought-after Westfield block; - Central location with excellent visibility from Westfield's main signalized intersection; - Surrounded by national retailers
    (201) 636-7104
    Request Owner's contact information
    82 Elm St Westfield, NJ 07090
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    82 Elm St
    Westfield, NJ 07090
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    82 Elm St Westfield, NJ 07090
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Clare Golz
    Clare Golz
    (201) 636-7104
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.