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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Commercial real estate
17 Main St Sparta, NJ 07871-1936
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US59-0145173
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1890
Total area
4,086 SF
Lot
0.4 ac (17,437 SF)
Zoning code
TCC
APN
18 02001-0000-00035
UPID
US59-0145173
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
Current use
Occupant on record · Public records
-
Astrology boutique By Lisa Spiritual Center
-
Simple Bare Necessities Grocery & Convenience Store Food Market
-
Extreme Kleaner (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$520k
CAP Approach
CAP
$620k
Comparable Approach
Comparable
$580k
Blend (final)
Blend
$615k
Owner & transaction history
17 Mains T Sp LLC · 3 yrs held
17 Mains T Sp LLC
since 2022
Last sale
$631,000
7 recorded transactions
Zoning & alternative use
TCC · Sparta, 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 Sparta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparta 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
Method
Estimation
Statistic approach
$605,000
ML approach
$520,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$620,000
7%
$580,000
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $631k (Oct 18 2022)
Last sale anchor
$631k
Oct 18 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$151 / SF
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 2022Property tax & assessments
Tax year 2022
Tax billed
$15,500
Tax year 2022
Assessed value
$455,600
Assessed 2023
Previous assessed
$455,600
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$187,500
Assessed improvement
$268,100
Land market value
$187,500
Improvement market value
$268,100
Total market value
$455,600
Applied tax rate
18.0000
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
Off-Market
Year built
1890
Heating
NONE
Stories
5
Units
1
Total area
4,086 SF
Lot
0.4 ac (17,437 SF)
Zoning code
TCC
APN
18 02001-0000-00035
UPID
US59-0145173
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
TCC · Sparta, NJ
Zoning TCC · permitted uses
TCC · Sparta, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1890
Heating
NONE
Stories
5
Units
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
17 Mains T Sp LLC
Entity
Mailing address
38 STA RD #3, SPARTA, NJ 07871-3627
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$631,000
17 Mains T Sp LLC
17 Main Street Sparta
Deed
$336,000 · Peoples Security Bank & Trust Company
May 9, 2017
—
17 Main St Sparta LLC
—
Deed
related
$450,000 · Lakeland Bk
Nov 28, 2012
—
17 Maine Street Sparta LLC
Sheriff Of Sussex County
Trustees Deed
related
—
Apr 12, 2006
$730,000
Lisste LLC
Day,roger C & Jean M
Grant Deed
$547,000 · Lakeland Bank
—
—
Roger C Day
—
Deed Of Trust
related
$360,000 · Sussex Bank
—
—
Roger C Day
—
Deed Of Trust
related
$89,500 · Sussex Bank
—
—
17 Main St Sparta LLC
—
Deed Of Trust
related
$450,000 · Lakeland Bk
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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