Sparta Twp. Commercial
For Sale
$1,500,000
Pending
20 Wilson Dr, Sparta, NJ 07871
9,325 sqft commercial property in Sparta Twp., NJ for sale.
Property Size9,325 SF
Lot Size1.84 Acres
Days on Market273
Property Features for 20 Wilson Dr
General Information
Standard status
Pending
Size
9,325 SF
Lot size
1.84 Acres
Property subtype
Commercial
Building Details
Year Built
1994
Listing Agency:
UBIQUITY REAL ESTATE GROUP
(201) 870-4538
Listed By:
KRISTIE BOCHMAN
Source:
Corcoran
Added: Nov 22, 2025
Changed: Jul 6
Last Checked: Jul 23 at 8:35AM
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 UBIQUITY REAL ESTATE GROUP
Investment Insights
Based on property information with market context.
This commercial property, located in Sparta Twp., NJ, offers 9,325 square feet of space. The property is suitable for auto shops, automotive businesses, and retail purposes, presenting a range of potential commercial applications.
Key Highlights
- 9,325 sqft commercial property for sale.
- Located in Sparta Twp., NJ.
- Built in 1994.
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
$133,098
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
8.87%
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%
$2,661,960
$2.7M
Cap Rate 7%
$1,901,400
$1.9M
Cap Rate 9%
$1,478,867
$1.5M
Market Conditions
NOI Build-Up for 9,325 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
$201.4K $21.60/SF
− Vacancy
−$11.3K −$1.21/SF
EGI
$190.1K $20.39/SF
− OpEx
−$57.0K −$6.12/SF
NOI
$133.1K $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%
$2,661,960
Cap Rate 7%
$1,901,400
Cap Rate 9%
$1,478,867
Alternative Uses
Best Use
Retail
$1.90M
$1.66M – $2.22M
NOI $133,098 @ 7.0% cap · market cap 8.87%
Second Best
Industrial
$1.50M
$1.31M – $1.74M
NOI $104,666 @ 7.0% cap · market cap 6.98%
Theoretical Best
Office A
$2.43M
$2.13M – $2.84M
NOI $170,446 @ 7.0% cap · market cap 11.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
35k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 92%
Shops & Services 8%
Dunkin' Donuts
Dining
17,176 visits/mo
0.3 miles
Starbucks
Dining
15,425 visits/mo
0.5 miles
Pearle Vision
Shops & Services
2,834 visits/mo
0.5 miles
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
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Similar Off Market Nearby
- Studers Automotive LLC — 8 Park Lake Rd, Sparta Township, NJ 07871
- Auto Glass Direct — 32 White Lake Rd, Sparta, NJ 07871
- Hayden's Service Center — 28 Demarest Rd, Sparta, NJ 07871
- Unicar Autobody — 12 Brookfield Dr, Sparta, NJ 07871
- Lafayette Discount Tire & Auto — 35 McCloud Rd, Lafayette, NJ 07848
Frequently Asked Questions
What type of property is this?
Auto shop - 9,325 sqft commercial property in Sparta Twp., NJ for sale.
Where is this auto shop located?
The property is located at 20 Wilson Dr Sparta, NJ.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 9,325 sqft commercial property for sale.; Located in Sparta Twp., NJ.; Built in 1994.
