Property profile & analytics
- Commercial real estate
- 4,200 SF
- 0.25 lot acres
Property ID
US59-2044168
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.
Location Intelligence
Current Use by 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
Property Details
- Year built
- 1988
- Lot size
- 0.25 lot acres
- Property size
- 4,200 SF
- Property type
- Commercial real estate
- APN
- 20 04008-0000-00020
- APU
- 2004008000000020
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $925,000
- 6.5%
- $855,000
- 7%
- $790,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Westfield
- County
- Union
- State
- New Jersey
- Longitude
- -74.3357
- Latitude
- 40.6456
- 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
2022
$19,496
$601,600
$301,000
$902,600
-
$601,600
$301,000
$902,600
