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Property profile

321 South Ave W Westfield, NJ 07090

FOR SALE
Other commercial real estate
Property ID
US59-1601607
7,533 SF 0.42 ac lot Built 1915
Last sale Aug 2000 · $905,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 26-yr Hold Held for 26 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This multi-tenant retail and service building at 321 South Avenue W (built in 1915) contains two vacant suites. Unit A is approximately 750 square feet and includes a private bathroom; the hall and room can be combined to create approximately 650 square feet of usable space, and the suite has a separate entrance. Unit B is approximately 400 square feet and currently does not have a bathroom, and it also has a separate entrance. The building is heated with forced-air systems and is equipped with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$42k
Tax billed · 2022
Assessed value · 2023$1.88M
Assessed land$1.24M
Assessed improvement$638k
Effective rate2.26%

Value estimate

· Oct 2026
$1.31M
$1.18M – $1.44M
CAP approach$1.53M
Submarket $/SF estimate$909k
NOI build-up
Gross scheduled income$161k
Vacancy & credit loss−$9k
Operating expenses−$46k
NOI · 35.58% cap applied$106k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$331/SF
ZIP average, outlier-cleaned · 68 recorded sales of this use type
Observed band · Q1–Q3$231 – $435
Qualifying comparables15

Cap rate analysis

How does the asset earn?
35.58%
$106k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store14.8
Hotel & Motel13.2
Smoke and Vape Shop11.9

Location

321 South Ave W Westfield, NJ 07090
County assessor Recorded deeds · 3 transfers 15 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1 Elm, Westfield, NJ 07090-2194 $5,000,000 Jul 2025 9,078 SF
41 Elm, Westfield, NJ 07090-5122 $2,700,000 May 2025 5,592 SF
808 Ss W, Westfield, NJ 07090-1475 $885,000 Dec 2024 5,400 SF
127 Central, Westfield, NJ 07090-2149 $3,250,000 Mar 2024 5,890 SF
600 Nn W, Westfield, NJ 07090-1432 $1,850,000 Feb 2024 5,797 SF
207 Broad, Westfield, NJ 07090-2119 $4,700,000 Feb 2024 10,622 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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