Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    461 Ss E Ave, Unit 469 Westfield, NJ 07090-1468

    • Industrial properties
    • 7,680 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1473369
    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

    • Industrial properties

    Property Details for 461 Ss E Ave

    Year built
    1980
    Lot size
    1.06 lot acres
    Property size
    7,680 SF
    Property type
    Industrial properties
    APN
    20 03307-0000-00003
    APU
    2003307000000003

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,435,000
      6.5%
      $1,325,000
      7%
      $1,230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $863,000
      Market price range: $259k - $863k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,330,000
      Current use
      OFFICE BUILDING
      $1,565,000
      Change: +18% Conversion: Difficult
      RESTAURANT
      $1,225,000
      Change: -8% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westfield
    County
    Union
    State
    New Jersey
    Longitude
    -74.3328
    Latitude
    40.6509
    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
    2023
    $21,122
    $318,000
    $639,500
    $957,500
    -
    $318,000
    $639,500
    $957,500

    Comparable in this City

    • Value Estimation
      $2,450,000
      34,574 SF

      610 Nn E Ave

      INDUSTRIAL (GENERAL) • 34,574 SF
      610 Nn E Ave, Westfield, NJ 07090
      View Details
    • Value Estimation
      $950,000
      7,592 SF

      445-449 Ss E Ave

      INDUSTRIAL (GENERAL) • 7,592 SF
      445-449 Ss E Ave, Westfield, NJ 07090-1797
      View Details
    • Value Estimation
      $1,500,000
      9,717 SF

      1741 Rahway Ave

      INDUSTRIAL (GENERAL) • 9,717 SF
      1741 Rahway Ave, Westfield, NJ 07090
      View Details
    • Value Estimation by Request
      0.08 Acres

      Prospect St

      Commercial real estate • 0.08 Acres
      Prospect St, Westfield, NJ 07090
      View Details
    • Value Estimation by Request
      0.26 Acres

      226 St Paul St

      Office properties & Spaces • 0.26 Acres
      226 St Paul St, Westfield, NJ 07090
      View Details
    • Value Estimation by Request
      6.12 Acres

      240 Springfield Ave

      COMMERCIAL (GENERAL) • 6.12 Acres
      240 Springfield Ave, Westfield, NJ 07090-1023
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.17 Acres

      Westfield Office Space - 1000 sq ft

      Downtown Westfield office, renovated, great parking.
      232 Saint Paul St, Westfield, NJ 07090
      View Details
    • $1,300,000
      1,098 SF

      Turnkey Auto Repair Shop

      Auto repair shop in high-traffic location, ready for immediate operation.
      459 North Ave E, Westfield, NJ 07090
      View Details
    • Contact for pricing
      1,800 SF

      Retail Space For Sale

      Retail space available for purchase.
      570 Westfield Ave, Roselle Park, NJ 07090
      View Details
    • $1,699,000
      248,034 SF

      Downtown Westfield Retail Office Building

      Freestanding building in downtown Westfield, ideal for retail/office use.
      10 Prospect St, Westfield, NJ 07090
      View Details
    • Contact for pricing

      Westfield Retail Building with Expansion Potential

      6,000 SF retail building with approvals for 10 residential units.
      184 Elm St, Westfield, NJ 07090
      View Details
    • Contact for pricing

      Professional Office Building with Amenities

      Private offices available in Westfield with included utilities and amenities.
      226 St Paul St, Westfield, NJ 07090
      View Details

    Similar Nearby for Lease

    • $925 /Mo

      767 Central

      Private room for Sublet - Ideal for Wellness or Therapy Professionals
      767 Central Ave, Westfield, NJ 07090
      View Details
    • $3,000 /Mo
      23,100 SF

      Executive Office Suite in Westfield

      Move-in ready office space in downtown Westfield, near transportation.
      241 North Ave W, Westfield, NJ 07090
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, approximately 2,500 square feet.
      215 North Ave West, Westfield, NJ 07090
      View Details
    • Contact for pricing
      1,080 SF

      Renovated Office Space with Amenities

      Newly renovated office space with shared amenities and parking included.
      560 Springfield Ave, Westfield, NJ 07090
      View Details
    • Contact for pricing
      400 SF

      Prime Retail Space in Westfield

      Retail space in central Westfield location with excellent visibility.
      82 Elm St, Westfield, NJ 07090
      View Details
    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.
    461 Ss E Ave, Unit 469
    Westfield, NJ 07090-1468
    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!