Freestanding Retail
147 Woodport Sparta, NJ 07871
New
For Sale
$1,250,000
Freestanding retail building on a commercial lot with 20 parking spaces, full basement, and new HVAC, fully leased.
Property Size3,360 SF
Lot Size0.88 Acres
Price / SF$372.02
Days on Market7
Property Features for 147 Woodport
General Information
Standard status
Active
Size
3,360 SF
Lot size
0.88 Acres
Property subtype
Commercial
Listing Agency:
RE/MAX NOW - NORWOOD
(201) 351-9000
Listed By:
JAESEUNG LEE
Source:
Corcoran
Added: Jul 22
Changed: Jul 25
Last Checked: Jul 28 at 6:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX NOW - NORWOOD
Investment Insights
Based on property information with market context.
Freestanding retail property totaling approximately 3,360 square feet, set on a 0.88-acre commercial lot. The building is fully leased and presented as a turnkey investment, with a full basement and approximately 20 parking spaces to support customer access. Recent improvements include a new HVAC system.
Located at 147 Woodport in Sparta, New Jersey, the property is positioned on highly traveled Woodport Road with convenient access to Route 15. The site is described as surrounded by established businesses, restaurants, and residential neighborhoods, supporting a steady day-to-day retail environment. The offering is presented with a 6.8% cap rate and immediate, stable rental income.
Located at 147 Woodport in Sparta, New Jersey, the property is positioned on highly traveled Woodport Road with convenient access to Route 15. The site is described as surrounded by established businesses, restaurants, and residential neighborhoods, supporting a steady day-to-day retail environment. The offering is presented with a 6.8% cap rate and immediate, stable rental income.
Key Highlights
- Fully leased freestanding 3,360 SF retail building on a 0.88‑acre commercial lot
- CAP 6.8% listed in the remarks; designed to provide immediate, stable rental income
- Approximately 20 parking spaces and on‑site full basement
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.6k | $21.60 |
| − Vacancy | −$4.1k | −$1.21 |
| EGI | $68.5k | $20.39 |
| − OpEx | −$20.6k | −$6.12 |
| NOI | $48.0k | $14.27 |
3,360 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$685.1K
$599.5K – $799.3K
NOI $47,958 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$877.4K
$767.7K – $1.02M
NOI $61,415 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Redshaw's Flower Shop, LLC — 2 Conestoga Trail, Sparta, NJ 07871
- Flowers by Karen — 11 Lakeview Rd, Sparta, NJ 07871
- Bluet Flower Co. — 4 W Shore Trail, Sparta, NJ 07871
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding retail building on a commercial lot with 20 parking spaces, full basement, and new HVAC, fully leased.
Where is this storefront property located?
The property is located at 147 Woodport Sparta, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully leased freestanding 3,360 SF retail building on a 0.88‑acre commercial lot; CAP 6.8% listed in the remarks; designed to provide immediate, stable rental income; Approximately 20 parking spaces and on‑site full basement
