Two-Level Mixed-Use
For Sale
$999,999
441443 E Westfield Avenue Unit 441-443, Roselle Park, NJ 07204
Flexible commercial property with on-site parking and potential for up to three residential units.
Property Size5,272 SF
Price / SF$189.68
Days on Market90
Property Features for 441443 E Westfield Avenue Unit 441-443
General Information
Standard status
Active
Size
5,272 SF
Property subtype
General Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$33,389
Amenities
3
15 Parking Spaces.
104 x 124
Building Details
Buildings
1
Stories
2
Building Size
5,272 SF
Listing Agency:
EXP Realty
(866) 201-6210
Listed By:
Aleksandr Pritsker · License #1008359
(866) 201-6210
Source:
Xome
Added: Jun 3
Changed: Aug 30
Last Checked: Aug 30 at 5:25PM
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.
The two-level property at 441-443 E Westfield Avenue contains approximately 5,272 square feet and offers a flexible mixed-use configuration. Its prior use included professional office space serving medical and legal practices, and the building can accommodate commercial occupancy alongside the potential for up to three residential units. The property is positioned for owner-users, professional services, medical occupancy, or investors evaluating a mixed-use arrangement.
Located along Westfield Avenue near Roselle Park, Elizabeth, and Roselle, the building benefits from exposure to an active commercial corridor and access to major highways, public transportation, and nearby NJ Transit train service. The site includes 15 parking spaces and measures 104 x 124, supporting convenient access for occupants and visitors.
Located along Westfield Avenue near Roselle Park, Elizabeth, and Roselle, the building benefits from exposure to an active commercial corridor and access to major highways, public transportation, and nearby NJ Transit train service. The site includes 15 parking spaces and measures 104 x 124, supporting convenient access for occupants and visitors.
Key Highlights
- Approximately 5,272 square feet across two levels
- Potential for up to three residential units in addition to commercial space
- Previously used for medical and legal professional offices
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 - Flexible commercial property with on-site parking and potential for up to three residential units.
Where is this mixed-use property located?
The property is located at 441443 E Westfield Avenue Unit 441-443 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; Potential for up to three residential units in addition to commercial space; Previously used for medical and legal professional offices
