Freestanding Retail
For Sale
$1,250,000
147 Woodport Road, Sparta, NJ 07871
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 Market71
Property Features for 147 Woodport Road
General Information
Standard status
Active
Size
3,360 SF
Total Parking Spaces
20
Lot size
0.88 Acres
Property subtype
Retail
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.8%
Amenities
Central Air
Listing Agency:
RE/MAX NOW - NORWOOD
(201) 913-5247
Listed By:
Norwood
(201) 913-5247
Source:
Xome
Added: Jun 17
Changed: Aug 25
Last Checked: Aug 26 at 5:54AM
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
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,958
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$959,160
$959.2K
Cap Rate 7%
$685,114
$685.1K
Cap Rate 9%
$532,867
$532.9K
Market Conditions
NOI Build-Up for 3,360 SF
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.
Gross rent
$72.6K $21.60/SF
− Vacancy
−$4.1K −$1.21/SF
EGI
$68.5K $20.39/SF
− OpEx
−$20.6K −$6.12/SF
NOI
$48.0K $14.27/SF
Area
Sussex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$959,160
Cap Rate 7%
$685,114
Cap Rate 9%
$532,867
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
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
672
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07871, NJ
20,992
Population
8,367
Households
2.5
Avg Household Size
43
Median Age
62%
College-Educated
98%
High-School Grad
38.2 sq mi
ZIP Area
550
Density / Sq Mi
$167,443
Median Household Income
$84,587
Median Earnings
$1,831
Median Rent
$462,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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 Road 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
