Retail Space For
For Sale
Contact for pricing
570 Westfield Avenue, Roselle Park, NJ 07090
Retail space available for purchase.
Property Size1,800 SF
Price / SF$330.56
Days on Market1799
Property Features for 570 Westfield Avenue
General Information
Standard status
Active
Size
1,800 SF
Total Parking Spaces
15
Property subtype
Retail
Listing Agency:
Jeffery Realty
Listed By:
Anthony Nataline · License #NJ 0789114
(908) 668-9600
Source:
Crexi
Added: Nov 16, 2021
Changed: Oct 11
Last Checked: Oct 19 at 7:09AM
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 Jeffery Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate property, identified as retail space, is available for sale. The property offers a total size of 1800 square feet.
Key Highlights
- No property information provided.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,692
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,840
$513.8K
Cap Rate 7%
$367,029
$367.0K
Cap Rate 9%
$285,467
$285.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$38.9K $21.60/SF
− Vacancy
−$2.2K −$1.21/SF
EGI
$36.7K $20.39/SF
− OpEx
−$11.0K −$6.12/SF
NOI
$25.7K $14.27/SF
Area
Union County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,840
Cap Rate 7%
$367,029
Cap Rate 9%
$285,467
Alternative Uses
Best Use
Retail
$367.0K
$321.2K – $428.2K
NOI $25,692 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.0K
$411.3K – $548.4K
NOI $32,901 @ 7.0% cap · market cap 5.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
832
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Dining 24%
Home Improvements & Furnishings 1%
Wawa
Shops & Services
41,086 visits/mo
0.1 miles
QuickChek
Shops & Services
35,706 visits/mo
0.4 miles
Starbucks
Dining
13,899 visits/mo
0.5 miles
BP
Shops & Services
9,772 visits/mo
0.1 miles
Burger King
Dining
7,849 visits/mo
0.0 miles
Demographics for 07090, NJ
31,056
Population
11,093
Households
2.8
Avg Household Size
41
Median Age
77%
College-Educated
98%
High-School Grad
6.7 sq mi
ZIP Area
4,635
Density / Sq Mi
$212,700
Median Household Income
$106,123
Median Earnings
$2,211
Median Rent
$930,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for purchase.
Where is this retail space located?
The property is located at 570 Westfield Avenue Roselle Park, NJ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: No property information provided.
