Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land For Sale Title is generated by Realmo AI

    421 Central Ave, Westfield, NJ 07090

    View on Map
    Claim this Listing
    For Sale
    $200,000

    Corner lot available for commercial development.

    Added:
    Feb 9, 2026
    Days on Market:
    113
    Last Refresh:
    Apr 7 at 12:07 pm

    Property Features for 421 Central Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    ANTONIO COSTA

    Listing agent ANTONIO COSTA License #238477

    Listing office EXIT REALTY LUCKY ASSOCIATES

    Listing date Feb 9, 2026

    Source Evrealestate

    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 EXIT REALTY LUCKY ASSOCIATES

    HighLights

    • Central air conditioning for year‑round comfort
    • Forced air heating system installed
    • Natural gas heating available
    • Corner lot location
    • Located at traffic light
    • Situated in Union County

    Overview

    This commercial land is located at the corner of Central Avenue and South Avenue, east of the traffic light. The property is located in Union County.
    Location Intelligence

    Current Use by Public Records

    Amoco Gas Station Athena Bitcoin ATM Crypto Atm Dunkin' Cafe & Coffee Shop Exxon Gas Station Cryptobase Bitcoin ATM Atm

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3423055
    Latitude
    40.6489042

    Nearby Similar for Sale

    • $1,999,000
      9,122 SF

      Mixed-Use Building in Westfield Town

      Mixed-use property with residential and commercial units in Westfield.
      1030 South Ave, Westfield Town, NJ 07090-1489
      View Details
    • $900,000
      2,000 SF

      Renovated Mixed-Use Property Near Train

      Renovated mixed-use property near train station with separate utilities.
      348 South Ave East, Westfield Town, NJ 07090-1459
      View Details
    • $1,250,000
      3,200 SF

      Westfield Professional Building For Sale

      Three-story professional building with basement and parking in Westfield, NJ.
      114 S Euclid Ave, Westfield Town, NJ 07090
      View Details
    • $1,699,000
      248,034 SF

      Downtown Westfield Retail Office Building

      Freestanding building in downtown Westfield, ideal for retail/office use.
      10 Prospect St, Westfield Town, NJ 07090
      View Details
    • $1,699,990
      248,034 SF

      Downtown Westfield Retail/Office Building

      Freestanding building in downtown Westfield, ideal for retail or office.
      10 Prospect St, Westfield Town, NJ 07090
      View Details
    • $1,300,000
      1,098 SF

      Turnkey Auto Repair Shop

      Auto repair shop in high-traffic location, ready for immediate operation.
      459 North Avenue E, Westfield, NJ 07090
      View Details
    • $2,500,000
      9,122 SF

      Westfield Mixed-Use Investment Opportunity

      Mixed-use building with residential and commercial units in prime location.
      1030 South Ave, Westfield Town, NJ 07090
      View Details
    • $1,099,000
      3,000 SF

      Mixed-Use Building in Westfield

      Mixed-use building with dental practice and apartment in Westfield.
      228 Saint Paul St, Westfield Town, NJ 07090
      View Details
    • $900,000
      2,000 SF

      Renovated Mixed-Use Property Near Train

      Renovated mixed-use property with high-end salon and apartment near train.
      348 South Ave East, Westfield Town, NJ 07090
      View Details
    • Contact for pricing
      6,000 SF

      Westfield Retail Building with Expansion Potential

      6,000 SF retail building with approvals for 10 residential units.
      184 Elm Street, Westfield, NJ 07090
      View Details
    • $2,500,000

      Westfield Land For Sale

      Commercial land available in Westfield Town, NJ.
      1030 South Ave, Westfield Town, NJ 07090
      View Details
    • Contact for pricing
      9,000 SF

      Two-Story Building in Westfield, NJ

      Two-story, elevator-serviced building with full basement. Renovated in 2017.
      932 South Ave W, Westfield, NJ 07090
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot available for commercial development.
    Where is this commercial land located?
    The property is located at 421 Central Ave Westfield, NJ.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Central air conditioning for year‑round comfort; Forced air heating system installed; Natural gas heating available
    (973) 460-5090
    We can help!
    Listing Contact
    ANTONIO COSTA
    Real Estate License ID: 238477
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    421 Central Ave, Westfield Town, NJ 07090
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!