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    14 Little Lane Wharton, NJ 07885

    View on Map
    For Sale
    $639,900

    1 Story, Ranch - Wharton Borough, NJ

    Type:Ranch
    Added:
    Feb 23, 2026
    Days on Market:
    37
    Last Refresh:
    Apr 1 at 9:06 pm

    Property Features for 14 Little Lane

    General Information

    Property type
    Residential
    Property subtype
    Ranch
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Standard status
    Active

    Utilities

    Heating system
    Baseboard, Oil
    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Building materials
    Brick
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Enza Helwani

    Listing agent Enza Helwani

    Listing office Keller Williams Prosperity Realty 1700 State Route 23, Wayne, NJ

    Listing date Feb 23, 2026

    MLS# 26005883 Listing URL

    Copyright © 2026 New Jersey MLS Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ranch Home with Finished Basement

    This charming ranch-style home is situated on a spacious, fully fenced property. It features 4 bedrooms and 3 full baths, offering a bright and functional layout suitable for both living and entertaining. The updated eat-in kitchen includes modern finishes and sliders that open to the deck. The master bedroom features a bath with a large tub and a stand-up shower. The full, finished walk-out basement expands the living space and includes a custom bar, making it ideal for entertaining, recreation, or hosting gatherings. New central air was installed in 2024. Outdoor living is enhanced by both a covered patio and a spacious deck that overlooks the massive yard, which also includes a large shed for additional storage. A 2-car garage provides convenience and ample parking. This expansive property offers endless possibilities for outdoor gatherings and enjoying wide-open space. It is a rare opportunity to own a ranch with property, functionality, and entertaining space all in one.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom HVAC Service Electrical Service Storage Facility Parking Lot & Garage

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wharton
    County
    Morris
    State
    New Jersey
    Longitude
    -74.6082669
    Latitude
    40.9089737

    Nearby Similar for Sale

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      Mixed-Use Building with Liquor License

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    • $300,000
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      Commercial Property in Wharton Borough

      Long-established commercial property in thriving Wharton Borough, Morris County, New Jersey.
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    • $1,900,000

      High-Income Multifamily Investment Property

      Six-unit multifamily property with garages in downtown Wharton, New Jersey.
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    • $530,000
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      Main Street Mixed-Use Property

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    FAQs

    What type of property is this?
    Single family property - Charming ranch with spacious yard, finished basement, and modern kitchen.
    Where is this single family property located?
    The property is located at 14 Little Lane Wharton, NJ.
    What is the asking price?
    The asking price for this property is $639,900.
    What are key features of this property?
    This property features: Spacious, fully fenced property with large yard and storage shed.; Finished walk‑out basement with **custom bar for entertaining.**; 4 bedrooms and 3 full bathrooms.
    (201) 704-7097
    We can help!
    Listing Contact
    Enza Helwani
    Learn More
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    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
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