Two-Level Mixed-Use
For Sale
$999,999
441-443 E Westfield Avenue, Roselle Park, NJ 07204
Commercial Sale, Roselle Park, NJ
Property Size5,272 SF
Lot Size0.29 Acres
Price / SF$189.68
Days on Market93
Property Features for 441-443 E Westfield Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Parking features
Parking Lot
Directions
E Westfield Ave
Standard status
Active
APN
15-01113-0000-00001
Size
5,272 SF
Lot size
0.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
33389
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Floors in Building
2
Listing Agency:
EXP Realty
(866) 201-6210
Listed By:
Aleksandr Pritsker · License #1008359
(732) 688-3819
Added: Jun 5
Changed: Aug 19
Last Checked: Sep 5 at 4:06PM
MLS# 22616934
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-level mixed-use property contains approximately 5,272 square feet and was previously used for professional office operations serving medical and legal practices. The layout supports commercial occupancy and may accommodate up to three residential units in addition to business space, subject to applicable requirements. Forced-air heating, public water, and public sewer are in place.
The building fronts E Westfield Avenue and includes an on-site parking lot. Its position near Roselle Park, Elizabeth, and Roselle places the property within a commercial corridor with access to major highways, public transportation, and nearby NJ Transit train service connecting toward Newark and New York City. The address is 441-443 E Westfield Avenue, Roselle Park, NJ 07204.
The building fronts E Westfield Avenue and includes an on-site parking lot. Its position near Roselle Park, Elizabeth, and Roselle places the property within a commercial corridor with access to major highways, public transportation, and nearby NJ Transit train service connecting toward Newark and New York City. The address is 441-443 E Westfield Avenue, Roselle Park, NJ 07204.
Key Highlights
- Approximately 5,272 square feet across two levels
- 0.29‑acre lot with on‑site parking lot
- Potential for up to three residential units alongside commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$80,662
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,613,240
$1.6M
Cap Rate 7%
$1,152,314
$1.2M
Cap Rate 9%
$896,244
$896.2K
Market Conditions
NOI Build-Up for 5,272 SF
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.
Gross rent
$158.2K $30.00/SF
− Vacancy
−$50.6K −$9.60/SF
EGI
$107.5K $20.40/SF
− OpEx
−$26.9K −$5.10/SF
NOI
$80.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,613,240
Cap Rate 7%
$1,152,314
Cap Rate 9%
$896,244
Alternative Uses
Best Use
Office B
$1.15M
$1.01M – $1.34M
NOI $80,662 @ 7.0% cap · market cap 8.07%
Second Best
Healthcare Medical
$1.12M
$981.2K – $1.31M
NOI $78,498 @ 7.0% cap · market cap 7.85%
Theoretical Best
Office A
$1.38M
$1.20M – $1.61M
NOI $96,364 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
776
Businesses Nearby
Explore this area
Business Placement
Demographics for 07204, NJ
13,984
Population
5,373
Households
2.6
Avg Household Size
39
Median Age
39%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
11,653
Density / Sq Mi
$104,418
Median Household Income
$55,974
Median Earnings
$1,585
Median Rent
$405,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial building with parking, public utilities, and potential for residential units alongside business space.
Where is this mixed-use property located?
The property is located at 441-443 E Westfield Avenue Roselle Park, NJ.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Approximately 5,272 square feet across two levels; 0.29‑acre lot with on‑site parking lot; Potential for up to three residential units alongside commercial space
