Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lake Mohawk Club Lot Title is generated by Realmo AI

    40 Summit Terrace, Sparta, NJ 07871

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Lake Mohawk Country Club lot with access to amenities.

    Type:Lots And Land
    Added:
    Jan 5, 2026
    Days on Market:
    150
    Last Refresh:
    Mar 13 at 2:08 pm

    Property Features for 40 Summit Terrace

    General Information

    Standard status
    Active
    Property subtype
    Lots And Land

    We can help!

    Listing Contact
    DENNIS CAPRIGLIONE
    DENNIS CAPRIGLIONE

    Listing agent DENNIS CAPRIGLIONE License #398551

    Listing office COLDWELL BANKER REALTY

    Listing date Jan 5, 2026

    Source Compass

    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 COLDWELL BANKER REALTY

    HighLights

    • Access to Lake Mohawk Country Club membership.
    • Resort‑style living at a reasonable price.
    • Enjoy swimming, fishing, skating, and boating.
    • Opportunity to embrace the Lake Mohawk lifestyle.
    • Part of a vibrant lake community.
    • Located in one of Sussex County's most sought‑after lake communities.

    Overview

    This Lake Mohawk Country Club lot offers access to membership in the Lake Mohawk Country Club, which provides access to a wide range of amenities. This lot is not buildable. The property allows for swimming, fishing, skating, and boating. This lot is suitable for embracing the Lake Mohawk lifestyle and its recreational opportunities. It offers an opportunity to be part of one of Sussex County's lake communities.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Real Estate Agency Dental Office Building Supply Gym & Fitness Center Accounting Firm Kitchen & Bath Showroom Hotel & Motel Barber Shop Electrical Service Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.6731919
    Latitude
    41.0202024

    Nearby Similar for Sale

    • $649,000
      3,276 SF

      Versatile Warehouse/Office Space For Sale

      Flexible industrial unit with warehouse and office space.
      2 Wilson Dr, Sparta Twp., NJ 07871-3490
      View Details
    • $670,000
      1,846 SF

      Downtown Sparta Twp. Office Space

      Handicap accessible office building with detached garage in downtown Sparta.
      27 Main St, Sparta Twp., NJ 07871-1903
      View Details
    • $990,000
      2,262 SF

      Established Bar & Restaurant Opportunity

      Beloved bar and restaurant with expansion potential in Sparta, NJ.
      712 Woodport Rd, Sparta Twp., NJ 07871-3012
      View Details
    • $649,000
      3,276 SF

      Versatile Industrial Unit For Sale

      Flexible warehouse/office space with high ceilings and convenient access.
      2 Wilson Dr, Sparta Twp., NJ 07871
      View Details
    • $799,000

      Residential Land in Sparta Twp.

      9.6 acres of residential land in Sparta and Lafayette.
      236 Demarest Rd, Sparta Twp., NJ 07871-3481
      View Details
    • $670,000
      1,846 SF

      Downtown Office with Detached Garage

      Office property in prime downtown location with detached two-car garage.
      27 Main St, Sparta Twp., NJ 07871
      View Details
    • $2,950,000
      9,529 SF

      Fully Leased Sparta Office Building

      Income-producing professional and medical office building in established business district.
      1 Wilson Dr, Sparta Twp., NJ 07871
      View Details
    • Contact for pricing

      Vacant Land For Retail Development

      3.03 acre vacant land parcel zoned for retail/development.
      59 Sparta Avenue, Sparta, NJ 07871
      View Details
    • $695,000

      7.22 Acres Zoned ED

      7.22 acres of land zoned for economic development.
      460 Lafayette Rd, Sparta Twp., NJ 07871
      View Details
    • $299,000

      6 Acres Land in Sparta

      6+ acre lot to build your dream home.
      73 Kimble Ln, Sparta Twp., NJ 07871-3305
      View Details
    • $399,000
      2,000 SF

      Freestanding Commercial Asset on Corner Parcel

      Freestanding commercial building on 0.711-acre corner parcel in Sparta, NJ.
      363 Glen Rd, Sparta, NJ 07871
      View Details
    • $350,000
      1,200 SF

      Prime Commercial Property For Sale

      High-visibility commercial building in a prime location, renovated in 2016.
      151 Woodport Rd, Sparta Twp., NJ 07871
      View Details

    FAQs

    What type of property is this?
    Recreation land - Lake Mohawk Country Club lot with access to amenities.
    Where is this recreation land located?
    The property is located at 40 Summit Terrace Sparta, NJ.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Access to Lake Mohawk Country Club membership.; Resort‑style living at a reasonable price.; Enjoy swimming, fishing, skating, and boating.
    (973) 868-3529
    We can help!
    Listing Contact
    DENNIS CAPRIGLIONE
    DENNIS CAPRIGLIONE
    Real Estate License ID: 398551
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    40 Summit Terrace, Sparta, NJ 07871
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!