363 Glen Rd, Sparta, NJ 07871
Freestanding commercial building on 0.711-acre corner parcel in Sparta, NJ.
- Added:
- Mar 6, 2026
- Days on Market:
- 113
- Last Refresh:
- Mar 16 at 3:07 pm
Property Features for 363 Glen Rd
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Lot size
- 0.71 Acres
- Property subtype
- Land, Retail
Building Details
- Year Built
- 1940
Listing office Ripco Real Estate
Listing date Mar 6, 2026
Source Crexi
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 Ripco Real Estate
HighLights
- Prominent 0.711‑acre corner parcel at a signalized four‑way intersection.
- Strong visibility and multiple points of ingress/egress.
- Existing gas station/auto repair approvals.
- New roof installed in 2020.
- Underground storage tanks have been removed.
- Located on a key east‑west commuter and retail route linking Sparta and Jefferson.
Overview
Local Financial Insights For Specialty 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 | $43.2k | $21.60 |
| − Vacancy | −$2.4k | −$1.21 |
| EGI | $40.8k | $20.39 |
| − OpEx | −$10.2k | −$5.10 |
| NOI | $30.6k | $15.29 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sparta
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.5927447
- Latitude
- 41.03567
