Downtown Office with Detached
27 Main St Sparta, NJ 07871
27 Main St, Sparta, NJ, 07871
$670,000
For Sale
$670,000
Office property in prime downtown location with detached two-car garage.
Property Size1,846 SF
Price / SF$362.95
Days on Market113
Property Features for 27 Main St
General Information
- Standard status
- Active
- Size
- 1,846 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1923
Listing Agency
REALTY EXECUTIVES EXCEPTIONAL
(973) 729-7141
Listed by
CATHERINE KUT
Source
Corcoran
Added: Mar 30 Updated: Jul 10 at 12:27 pm Checked: Jul 20 at 3:46 am
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 REALTY EXECUTIVES EXCEPTIONAL
Investment Insights
Based on property information with market context.
This office property is located in a prime downtown location and includes a detached two-car garage. The building is handicap accessible and features two bathrooms. The finished basement provides additional space. The first floor includes an entry foyer, a full bath, a kitchen, and two offices. The second floor offers three offices, with the executive suite featuring custom built-ins and a cathedral ceiling. The property has a size of 1846 square feet. The property is multi-use.
Key Highlights
- Prime downtown location
- 2 car detached garage
- Handicap accessible
Local Financial Insights For Office B
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 | $55.4k | $30.00 |
| − Vacancy | −$17.7k | −$9.60 |
| EGI | $37.7k | $20.40 |
| − OpEx | −$9.4k | −$5.10 |
| NOI | $28.2k | $15.30 |
1,846 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$403.5K
$353.1K – $470.7K
NOI $28,244 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.0K
$421.8K – $562.4K
NOI $33,742 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Accelerated Data Decision
Employment Agency
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FAQs
What type of property is this?
Office units - Office property in prime downtown location with detached two-car garage.
Where is this office units located?
The property is located at 27 Main St Sparta, NJ.
What is the asking price?
The asking price for this property is $670,000.
What are key features of this property?
This property features: Prime downtown location; 2 car detached garage; Handicap accessible
