Freestanding Commercial Asset on Corner
363 Glen Rd, Sparta, NJ 07871
For Sale
Contact for pricing
Freestanding commercial building on 0.711-acre corner parcel in Sparta, NJ.
Property Size2,000 SF
Lot Size0.71 Acres
Price / SF$199.50
Days on Market231
Property Features for 363 Glen Rd
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Ripco Real Estate
Listed By:
Curtis Nassau · License NJ #0340409
(201) 777-2302
Source:
Crexi
Added: Mar 27
Changed: Oct 26
Last Checked: Nov 12 at 4:58AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property at 363 Glen Road is a freestanding commercial asset situated on a 0.711-acre corner parcel at a signalized four-way intersection along Glen/County Road in Sparta, New Jersey. The 2,000 square foot building benefits from strong visibility, multiple points of ingress/egress, and frontage along a key east-west corridor linking Sparta and Jefferson. The property is improved with a two-bay service station building and pylon signage. Existing gas station/auto repair approvals offer flexibility for continued automotive use or repositioning. Capital improvements include a new roof installed in 2020, and underground storage tanks have been removed. It is located along a commuter and retail route. The property is zoned favorably and is located in a high-income demographic area.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,586
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,720
$611.7K
Cap Rate 7%
$436,943
$436.9K
Cap Rate 9%
$339,844
$339.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$40.8K $20.39/SF
− OpEx
−$10.2K −$5.10/SF
NOI
$30.6K $15.29/SF
Area
Sussex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,720
Cap Rate 7%
$436,943
Cap Rate 9%
$339,844
Alternative Uses
Best Use
Specialty Retail
$436.9K
$382.3K – $509.8K
NOI $30,586 @ 7.0% cap · market cap 7.67%
Second Best
Retail
$407.8K
$356.8K – $475.8K
NOI $28,547 @ 7.0% cap · market cap 7.15%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Gas station - Freestanding commercial building on 0.711-acre corner parcel in Sparta, NJ.
Where is this gas station located?
The property is located at 363 Glen Rd Sparta, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 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.
