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 Market86
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
Listed By:
Aleksandr Pritsker · License #1008359
(732) 688-3819
Source:
Obrienrealtyllc
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 13 at 1:50AM
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 / Yr
$80,662
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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
