Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    151 Woodport Rd Sparta, NJ 07871

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    High-visibility commercial building in a prime location, renovated in 2016.

    Property size:
    1,200 SF
    Lot size:
    0.44 Acres

    Property Features for 151 Woodport Rd

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    0.44 Acres

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Lauren Volpe
    Source: Corcoran

    Listing Agency: WEICHERT REALTORS Listing Agent: Lauren Volpe

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Commercial Property For Sale

    This commercial property offers a high-traffic location. The well-maintained building, renovated in 2016, features excellent visibility, ample parking, and a large glass storefront. The property is suited for a variety of businesses including retail, office, and service-based ventures. It offers flexible layout options and customization potential. The property size is 1200 square feet.
    Location Intelligence

    Current Use by Public Records

    Eric's Deli & Catering Food Market Pat's Woodport Country ... Food Market

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    Redshaw's Flower Shop, LLC, Flowers by Karen, Bluet Flower Co., Lake Mohawk Flower Co, Stop & Shop Florist

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.63172
    Latitude
    41.026775

    Nearby Similar for Sale

    • $350,000
      Pending

      Commercial Property in Prime Location

      High-visibility commercial building renovated in 2016, ideal for various businesses.
      151 Woodport Rd, Sparta, NJ 07871
      View Details
    • $990,000
      2,262 SF

      Established Bar & Restaurant Opportunity

      Beloved bar and restaurant with expansion potential in Sparta, NJ.
      712 Woodport Rd, Sparta, NJ 07871
      View Details
    • New
      Contact for pricing
      9,529 SF

      Income-Producing Office Building For Sale

      Fully leased office building in Sparta Twp., NJ for sale.
      1 Wilson Dr, Sparta, NJ 07871
      View Details
    • $420,000

      Sparta Specialty Property For Sale

      Specialty property available for purchase in Sparta, New Jersey.
      2 Carriage Ln, Sparta, NJ 07871
      View Details
    • Contact for pricing
      13,000 SF

      Sparta Office Space - 13,000 SF

      Prime Sparta office, 1.8 acres, ample parking.
      9 Fishers Ln, Sparta, NJ 07871
      View Details
    • Contact for pricing
      17,000 SF

      Iconic Sparta Office Building

      Prime location, 17,000 sqft, ample parking.
      60 Blue Heron Rd, Sparta, NJ 07871
      View Details
    • Contact for pricing
      1.48 Acres

      Sparta Commercial Space - High Visibility

      1.48-acre lot, prime location, build-out available.
      172 Woodport Rd, Sparta, NJ 07871
      View Details

    FAQs

    What type of property is this?
    Storefront property - High-visibility commercial building in a prime location, renovated in 2016.
    Where is this storefront property located?
    The property is located at 151 Woodport Rd Sparta, NJ.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - High-traffic, prime location in the heart of town.; - Excellent visibility and large glass storefront for maximum exposure.; - Ample parking.
    (973) 219-5355
    Request Owner's contact information
    151 Woodport Rd Sparta, NJ 07871
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    151 Woodport Rd
    Sparta, NJ 07871
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    151 Woodport Rd Sparta, NJ 07871
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Lauren Volpe
    (973) 219-5355 (973) 729-2700 (973) 534-9440
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!