Two-Level Mixed-Use
For Sale
$999,999
441443 441-443 E Westfield Ave, Roselle Park, NJ 07204
Versatile commercial building with office configuration, on-site parking, and potential for residential units.
Property Size5,272 SF
Price / SF$189.68
Days on Market41
Property Features for 441443 441-443 E Westfield Ave
General Information
Standard status
Active
Size
5,272 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Building Details
Buildings
1
Stories
2
Listing Agency:
EXP Realty
(732) 688-3819
Listed By:
Aleksandr Pritsker · License #1008359
Source:
Obrienrealtyllc
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 25 at 5:16AM
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 EXP Realty
Investment Insights
Based on property information with market context.
Located at 441-443 E Westfield Avenue in Roselle Park, this mixed-use property contains approximately 5,272 square feet across two levels. The existing layout has been used for professional office operations, including medical and legal practices, and provides a basis for continued commercial occupancy or repositioning.
The property includes on-site parking and sits along Westfield Avenue near Roselle Park, Elizabeth, and Roselle. Major highways, public transportation, and nearby NJ Transit service provide regional access, including connections toward Newark and New York City.
Zoning permits multiple uses, including the potential for up to three residential units alongside commercial space. The configuration supports owner-user, office, medical, and mixed-use applications, subject to applicable approvals.
The property includes on-site parking and sits along Westfield Avenue near Roselle Park, Elizabeth, and Roselle. Major highways, public transportation, and nearby NJ Transit service provide regional access, including connections toward Newark and New York City.
Zoning permits multiple uses, including the potential for up to three residential units alongside commercial space. The configuration supports owner-user, office, medical, and mixed-use applications, subject to applicable approvals.
Key Highlights
- Approximately 5,272 square feet arranged across two levels
- Prior professional office use included medical and legal practices
- Zoning allows multiple uses, including potential for up to three residential units
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
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
832
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial building with office configuration, on-site parking, and potential for residential units.
Where is this mixed-use property located?
The property is located at 441443 441-443 E Westfield Ave 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 arranged across two levels; Prior professional office use included medical and legal practices; Zoning allows multiple uses, including potential for up to three residential units
