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Property profile

767 Central Ave Unit Unit 1 1 Westfield, NJ 07090

FOR LEASE
Commercial real estate
Property ID
US59-2044168
4,200 SF 0.25 ac lot Built 1988
Last sale Nov 2024 · $845,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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767 Central Ave Unit Unit 1,Unit 1, Westfield, NJ 07090 For Lease
$925/Mo
767 Central Ave Unit Unit 1,Unit 1, Westfield, NJ 07090
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Property summary

AI-generated overview

This exceptional two-story, 4,200 square foot free-standing office building is situated on a 0.252-acre lot in the desirable town of Westfield, New Jersey, zip code 07090. Built in 1988, this Class B property offers a gross lease structure and features ample parking with 20 spaces available. Currently, the building boasts 50% occupancy, with the upper floor generating immediate rental income. The asking price is $895,000, translating to $213.10 per square foot. This multi-tenant property…

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?
$19k
Tax billed · 2022
Assessed value · 2023$903k
Assessed land$602k
Assessed improvement$301k
Effective rate2.16%

Value estimate

· Oct 2026
$745k
$671k – $820k
CAP approach$855k
NOI build-up
Gross scheduled income$4k
Vacancy & credit loss−$228
Operating expenses−$1k
NOI · 231.78% cap applied$2k

Realmo valuation models over county records and 28 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 comparables28

Cap rate analysis

How does the asset earn?
231.78%
$2k 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: Computer & Electronic Repair
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Computer & Electronic Repair10.3
Parking Facility9.3
Watch Repair Shop9.0

Location

767 Central Ave Unit Unit 1, Unit 1 Westfield, NJ 07090
County assessor Recorded deeds · 5 transfers 28 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
407 Ss W, Westfield, NJ 07090-1586 $950,000 Dec 2025 3,794 SF
844 Ss W, Westfield, NJ 07090-1460 $1,100,000 May 2025 3,210 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
206 Broad, Westfield, NJ 07090-2120 $1,635,000 Sep 2024 3,717 SF
110 Central, Westfield, NJ 07090-2150 $2,025,000 Jun 2024 3,825 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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