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Property profile & analytics
OFF-MARKET
Estimated value
$730,000
Office buildings
23 Elm St Westfield, NY 14787-1463
Individually Owned
Free & Clear
Property ID
US63-3109239
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Total area
13,680 SF
Lot
0.5 ac (21,600 SF)
Zoning code
B-1
APN
067201 192.20-4-30
UPID
US63-3109239
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Westfield Police Department Police Department
-
Westfield Town Justice City Government Office
-
Westfield Village Justice City Government Office
-
Westfield Recreation Department Government Office
-
Westfield Town Hall City Government Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$730k
Owner & transaction history
VILLAGE WESTFIELD
VILLAGE WESTFIELD
Zoning & alternative use
B-1 · Westfield, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of the Retail Business (B-1) District and any design standards applicable therein is to protect and enhance the existing commercial core of the Village and enable it to better meet the needs of residents and visitors by ensuring that the development and redevelopment of land within the district is appropriate and compatible with the development o…
Zone name
Retail Business
General category
COMMERCIAL
Zone area
14.75 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$730k
Range $657k – $803k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$53 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$601,200
Assessed 2023
Previous assessed
$601,200
+0.0% YoY
Assessed land
$15,100
Assessed improvement
$586,100
Land market value
$25,378
Improvement market value
$985,042
Total market value
$1,010,420
Applied tax rate
67,201.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Heating
NONE
Cooling
PARTIAL
Buildings
1
Stories
2
Total area
13,680 SF
Lot
0.5 ac (21,600 SF)
Zoning code
B-1
APN
067201 192.20-4-30
UPID
US63-3109239
Jurisdiction
CHAUTAUQUA
Zoning & alternative use
B-1 · Westfield, NYZoning B-1 · permitted uses
B-1 · Westfield, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of the Retail Business (B-1) District and any design standards applicable therein is to protect and enhance the existing commercial core of the Village and enable it to better meet the needs of residents and visitors by ensuring that the development and redevelopment of land within the district is appropriate and compatible with the development of surrounding land and historical nature of the district
Zone name
Retail Business
General category
COMMERCIAL
Zone area
14.75 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
VILLAGE WESTFIELD
Individual
Free & Clear · 0 yrs held
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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