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Property profile & analytics
FOR LEASE
Commercial real estate

767 Central Ave 1 Westfield, NJ 07090

4,200 SF 0.25 ac lot Built 1988
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US59-2044168
767 Central Ave,Unit 1, Westfield, NJ 07090 For Lease
$925/Mo
767 Central Ave,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 presents a compelling investment opportunity for those seeking to own their space and benefit from long-term financial stability. The building's location in vibrant Westfield provides excellent visibility and accessibility. The property is ideal for business owners looking to establish a presence in a thriving community or investors seeking a strong return. This is a rare opportunity to acquire a well-located, income-generating commercial property in a highly sought-after New Jersey market. The property's traditional office layout offers flexibility for various business needs. Don't miss this chance to secure a valuable asset in a prime location.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1988
Total area 4,200 SF
Lot 0.25 ac (10,964 SF)
APN 20 04008-0000-00020
UPID US59-2044168
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
  • NCJAR - Westfield Association / Organization Real Estate Agent
  • North Central Jersey School of Business Vocational School Training Center
  • Smith & Williams Law Firm Injury and Accident Attorneys Law Firm
  • Thomashow & Associates Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$855k
Comparable Approach Comparable
by Request
Blend (final) Blend
$745k
Owner & transaction history
812 Chiropractic Associates LLC · 1 yrs held
812 Chiropractic Associates LLC
since 2024
Last sale
$845,000
5 recorded transactions
2025
Price N/A
2024
$845,000
2010
$800,000
2006
$1
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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