Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    511 W Westfield Ave Roselle Park, NJ 7204

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $649,000

    Spacious mixed-use building with storefront and residential apartment.

    Type:Commercial
    Property size:
    1,873 SF
    Lot size:
    0.04 Acres
    Added:
    Aug 5, 2025
    Days on Market:
    245
    Last Refresh:
    Apr 1 at 9:49 pm

    Property Features for 511 W Westfield Ave

    General Information

    Standard status
    Active
    Size
    1,873 SF
    Lot size
    0.04 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    MAREK KRAJNIK

    Listing agent MAREK KRAJNIK License #338413

    Listing office RE/MAX 1ST ADVANTAGE

    Listing date Aug 5, 2025

    Source Corcoran

    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 RE/MAX 1ST ADVANTAGE

    Overview

    Mixed-Use Building in Roselle Park

    This mixed-use building is located in the heart of Roselle Park, at a busy corner location. The property includes a main level storefront with a back room, ready to be renovated. The second floor features a residential apartment with 3 bedrooms, a living room, an eat-in kitchen, and a full bath. On-site parking, a private entry, and a full basement with ample storage are included. The building size is 1873 square feet. The property is close to public transit, the Garden State Parkway, dining, and shopping.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Roselle Park
    County
    Union
    State
    New Jersey
    Longitude
    -74.2797
    Latitude
    40.6597

    Nearby Similar for Sale

    • $499,900
      2,500 SF

      Roselle Park Office Building

      2,500 SF office building near Parkway and Route 22.
      277 W Clay Ave, Roselle Park Boro, NJ 07204-1845
      View Details
    • $799,000

      Updated Multi-Family Investment Opportunity

      Three-unit property updated in 2023, ideal for investors or homeowners.
      449 E Westfield Ave, Roselle Park Boro, NJ 07204-2447
      View Details
    • $710,000
      1,477 SF

      Spacious Two-Family Home in Roselle

      Two-unit property with ample space and commuter convenience.
      119 Columbus Place, Roselle Park, NJ 07204
      View Details
    • $710,000
      1,477 SF

      Spacious Roselle Park Two-Family Home

      Two-unit property with modern updates and income potential.
      119 Columbus Pl, Roselle Park Boro, NJ 07204-1810
      View Details
    • $499,900
      2,500 SF

      Versatile Office Building For Sale

      2,500 SF office building with flexible layout and parking.
      277 W Clay Ave, Roselle Park Boro, NJ 07204
      View Details
    • $1,300,000
      4,000 SF

      Bar Restaurant with Commercial Kitchen

      Bar restaurant with commercial kitchen for sale in Roselle Park.
      400 Seaton Ave, Roselle Park Boro, NJ 07204-1518
      View Details
    • $1,499,900
      5,272 SF

      Roselle Park Office/Mixed-Use Building

      Two-story, 5,272 sq ft building in prime Roselle Park location.
      441 E westfield Avenue, Roselle Park, NJ 07204
      View Details
    • $449,000
      1,160 SF

      Roselle Park Storefront Opportunity

      Commercial storefront in thriving Roselle Park with high visibility.
      513 W Westfield Ave, Roselle Park Boro, NJ 07204
      View Details
    • $595,000
      1,800 SF

      Freestanding Retail Property Available

      Freestanding retail property with 1,800 SF available for sale.
      570 W Westfield Ave, Roselle Park, NJ
      View Details
    • $499,900
      1,400 SF

      Functional Commercial Property with Roll-Up

      Versatile commercial property with roll-up door, ideal for warehousing.
      222 Valley Rd, Roselle Park Boro, NJ 07204
      View Details
    • $1,200,000
      5,300 SF

      Roselle Park Office For Sale

      5,300 SqFt office space available in Roselle Park.
      441-443 E Westfield Ave, Roselle Park, NJ 07204
      View Details
    • $1,300,000
      4,000 SF

      Bar Restaurant with Commercial Kitchen

      Bar restaurant with commercial kitchen and liquor license.
      400 Seaton Ave, Roselle Park Boro, NJ 07204
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Spacious mixed-use building with storefront and residential apartment.
    Where is this mixed-use property located?
    The property is located at 511 W Westfield Ave Roselle Park, NJ.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Mixed‑use building with storefront and residential apartment.; High‑visibility corner location in Roselle Park.; Spacious three‑bedroom apartment on the second floor.
    (732) 827-5344
    We can help!
    Listing Contact
    MAREK KRAJNIK
    Real Estate License ID: 338413
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!