Top-Floor Office
For Sale
Contact for pricing
220 Lenox Ave, Westfield, NJ 07090
Approximately 1,000 square feet with private offices, collaborative workspace, and dedicated conference facilities.
Property Size6,000 SF
Price / SF$0.58
Days on Market61
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 220 Lenox Ave
General Information
Standard status
Active
Size
6,000 SF
Additional Details
Floor
Top Floor
Listing Agency:
COLDWELL BANKER REALTY
Listed By:
JOHN CLARK WILEY
(908) 233-5555
Source:
Goldstandardrealty
Added: Aug 16
Changed: Oct 4
Last Checked: Oct 15 at 3:30AM
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 top-floor office unit provides approximately 1,000 square feet arranged with two private offices, a conference room, and an open office area. Two private lavatories are included within the suite, creating a self-contained workplace configuration for professional users.
The property is located at 220 Lenox Ave in downtown Westfield, New Jersey. Rear-lot parking serves the building and adds practical convenience for occupants and visitors. The unit’s combination of enclosed offices, meeting space, open work area, and private restrooms supports a range of office operations without relying on shared interior facilities.
The property is located at 220 Lenox Ave in downtown Westfield, New Jersey. Rear-lot parking serves the building and adds practical convenience for occupants and visitors. The unit’s combination of enclosed offices, meeting space, open work area, and private restrooms supports a range of office operations without relying on shared interior facilities.
Key Highlights
- Top‑floor office unit at 220 Lenox Ave, Westfield Town, NJ 07090
- Approximately 1,000 square feet
- 2 private offices and a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,800
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,836,000
$1.8M
Cap Rate 7%
$1,311,429
$1.3M
Cap Rate 9%
$1,020,000
$1.0M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$180.0K $30.00/SF
− Vacancy
−$57.6K −$9.60/SF
EGI
$122.4K $20.40/SF
− OpEx
−$30.6K −$5.10/SF
NOI
$91.8K $15.30/SF
Area
Union County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,836,000
Cap Rate 7%
$1,311,429
Cap Rate 9%
$1,020,000
Alternative Uses
Best Use
Office B
$1.31M
$1.15M – $1.53M
NOI $91,800 @ 7.0% cap · market cap 2,622.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 3,133.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,831
Businesses Nearby
Explore this area
Business Placement
Demographics for 07090, NJ
31,056
Population
11,093
Households
2.8
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
4,635
Density / Sq Mi
$212,700
Median Household Income
$106,123
Median Earnings
$2,211
Median Rent
$930,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Approximately 1,000 square feet with private offices, collaborative workspace, and dedicated conference facilities.
Where is this office units located?
The property is located at 220 Lenox Ave Westfield, NJ.
What are key features of this property?
This property features: Top‑floor office unit at 220 Lenox Ave, Westfield Town, NJ 07090; Approximately 1,000 square feet; 2 private offices and a conference room
