Warehouse with Open
For Sale
$2,390,000
480 E Westfield Ave, Roselle Park, NJ 07204
Commercially zoned property combines enclosed warehouse space with a substantial outdoor yard.
Property Size17,654 SF
Price / SF$135.38
Days on Market99
Property Features for 480 E Westfield Ave
General Information
Standard status
Active
Size
17,654 SF
Total Parking Spaces
30
Property subtype
Commercial
Zoning
Comercial
Additional Details
Outdoor Storage
Yes
Warehouse Space
5,000 SF
Currently Operating
Yes
Property Use
Granite Factory
Building Details
Building Size
17,654 SF
Year Built
1970
Stories
1
Units
1
Listing Agency:
Sky Realty Associates
Listed By:
Eduardo Viegas
(973) 344-8880
Source:
Cammarotarealestate
Added: Jul 17
Changed: Oct 23
Last Checked: Oct 23 at 1:39AM
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 Sky Realty Associates
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Investment Insights
Based on property information with market context.
The property includes a 5,000-square-foot warehouse and 12,500 square feet of open yard. Built in 1970, the facility has a commercial zoning designation. Its previous 20-year use was as a granite factory.
Located at 480 E Westfield Ave in Roselle Park Boro, New Jersey, the site offers both enclosed industrial space and outdoor area.
Located at 480 E Westfield Ave in Roselle Park Boro, New Jersey, the site offers both enclosed industrial space and outdoor area.
Key Highlights
- 5,000‑square‑foot warehouse
- 12,500 square feet of open yard
- Previously operated as a granite factory for 20 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,153
Cap Rate
8.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,963,060
$4.0M
Cap Rate 7%
$2,830,757
$2.8M
Cap Rate 9%
$2,201,700
$2.2M
Market Conditions
NOI Build-Up for 17,654 SF
Gross rent
$300.8K $17.04/SF
− Vacancy
−$17.7K −$1.01/SF
EGI
$283.1K $16.03/SF
− OpEx
−$84.9K −$4.81/SF
NOI
$198.2K $11.22/SF
Area
Union County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,963,060
Cap Rate 7%
$2,830,757
Cap Rate 9%
$2,201,700
Alternative Uses
Best Use
Warehouse
$3.44M
$3.01M – $4.01M
NOI $240,614 @ 7.0% cap · market cap 10.07%
Second Best
Industrial
$2.83M
$2.48M – $3.30M
NOI $198,153 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$4.61M
$4.03M – $5.38M
NOI $322,687 @ 7.0% cap · market cap 13.50%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Extra Space Storage — 615 E 1st Ave, Roselle, NJ 07203
- RELIABLE AUTO SALES — 742 E 1st Ave, Roselle, NJ 07203
Frequently Asked Questions
What type of property is this?
Warehouse - Commercially zoned property combines enclosed warehouse space with a substantial outdoor yard.
Where is this warehouse located?
The property is located at 480 E Westfield Ave Roselle Park, NJ.
What is the asking price?
The asking price for this property is $2,390,000.
What are key features of this property?
This property features: 5,000‑square‑foot warehouse; 12,500 square feet of open yard; Previously operated as a granite factory for 20 years
