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    Property profile & analytics

    232 Saint Paul St Westfield, NJ 07090

    • Commercial real estate
    • 3,115 SF
    • 0.17 lot acres
    For Sale
    View listing
    $1,350
    Value Estimation
    Last Sale
    Jul 31, 2023
    $725,000
    Location Intelligence
    Property ID
    US59-1057104
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 232 Saint Paul St

    Year built
    1940
    Construction
    BRICK
    Lot size
    0.17 lot acres
    Property size
    3,115 SF
    Property type
    Commercial real estate
    APN
    20 03113-0000-00010
    APU
    2003113000000010

    Description

    This exceptional office space, located at 232 Saint Paul Street, Unit 201, in Westfield, NJ, offers a fantastic opportunity for businesses seeking a prime location. The property is situated on a 0.17-acre lot and features a completely renovated office building under new ownership. The entire second floor, approximately 1,000 square feet, is available for lease. Alternatively, the space can be subdivided into three individual offices, each available for separate lease. This provides flexibility for businesses of various sizes. The building benefits from its convenient location near downtown Westfield, providing easy access to a wide array of amenities. Ample parking is available for tenants, adding to the property's appeal. For added convenience, garage space is also available for an additional monthly fee of $300. This is a gross lease, meaning that the monthly rent of $1350 covers all expenses, simplifying budgeting and eliminating unexpected costs. This is a rare opportunity to secure a well-appointed, conveniently located office space in the thriving town of Westfield. Inquire today to learn more about this exceptional property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $670,000

    • CAP approach

      CAP return
      Estimation
      6%
      $755,000
      6.5%
      $735,000
      7%
      $850,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $810,000
      Geo Method
      $720,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $815,000
      Retail
      $765,000
      Mixed-Use
      $780,000
      Hospitality
      $925,000
      Educational
      $855,000
      Residential Income
      $830,000
      Energy
      $720,000
      Income-Based Land
      $840,000
      Food Service
      $750,000

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.343
    Latitude
    40.6516
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $17,548
    $512,200
    $300,200
    $812,400
    -
    $512,200
    $300,200
    $812,400

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    232 Saint Paul St
    Westfield, NJ 07090
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    Realmo Value Estimation

    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.

    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.

    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
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