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Property profile & analytics
FOR SALE
Commercial real estate
75 Main St Sussex, NJ 07461
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0494829
For Sale
1 / 37
$610,000
75 Main St, Sussex, NJ 07461
View Listing →
Property summary
AI-generated overview
This exceptional commercial property, located at 75 Main Street, Unit 1, in the desirable downtown Sussex, NJ area, presents a fantastic opportunity for a discerning business. Boasting a prime location with high visibility, this unit offers an open and spacious floor plan ideal for a variety of retail or office uses. The property encompasses a generous 0.05-acre lot, providing ample space for potential outdoor activities or signage. A full basement is included, offering additional storage or expansion possibilities. The asking price is $1150. This property is ready for immediate occupancy and represents a strong investment opportunity in a thriving Sussex County location. The property is being offered as-is, and prospective tenants are advised to conduct their own due diligence. The square footage is not currently specified. This is a rare opportunity to secure a well-situated commercial space in the heart of Sussex. Don't miss out on this chance to establish your business in a vibrant and accessible location. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Construction
BRICK
Total area
2,809 SF
Lot
0.05 ac (1,969 SF)
Zoning code
C-1
APN
21 00701-0000-00003
UPID
US59-0494829
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
75 Main Street Sussex LLC · 1 yrs held
75 Main Street Sussex LLC
since 2024
Last sale
$305,000
5 recorded transactions
Zoning & alternative use
C-1 · Sussex, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sussex submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sussex submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$7,420
Tax year 2023
Assessed value
$210,200
Assessed 2024
Previous assessed
$210,200
+0.0% YoY
Effective rate
3.53%
On assessed value
Assessed land
$36,000
Assessed improvement
$174,200
Land market value
$36,000
Improvement market value
$174,200
Total market value
$210,200
Applied tax rate
21.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Construction
BRICK
Heating
NONE
Stories
2
Total area
2,809 SF
Lot
0.05 ac (1,969 SF)
Zoning code
C-1
APN
21 00701-0000-00003
UPID
US59-0494829
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-1 · Sussex, NJ
Zoning C-1 · permitted uses
C-1 · Sussex, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sussex. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Construction
BRICK
Heating
NONE
Stories
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
75 Main Street Sussex LLC
Entity
Mailing address
113 GOW RD, WAYNE, NJ 07470-2868
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2025
—
75 Main Street Sussex LLC
—
Deed
related
$400,000 · First Bank
Aug 30, 2024
$305,000
75 Main Street Sussex LLC
John J Herman
Deed
$350,000 · Rmai Ratel
May 9, 2018
—
John J Herman JR.
Laurie Leas LLC
Grant Deed
related
—
Sep 8, 2004
$170,000
Laurie Leas LLC
Riker,edward J
Grant Deed
$252,500 · Newton Trust Co
—
—
Laurie Leas LLC
—
Deed Of Trust
related
$30,000 · Lakeland Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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