Freestanding Commercial
For Sale
$590,000
409 Woodport Rd, Sparta, NJ 07871
Freestanding commercial building with expansive open-concept space, private areas, restrooms, storage, and a commercial kitchen/prep area.
Property Size3,255 SF
Days on Market84
Property Features for 409 Woodport Rd
General Information
Standard status
Active
Size
3,255 SF
Zoning
Economic Dev.
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$10,919
Amenities
private areas
support areas
restrooms
storage facilities
commercial kitchen/preparation area
Central Air
Oil
Finished, Partially Finished, Walk-Out Access
Circular Driveway
Building Details
Building Size
3,255 SF
Year Built
1939
Stories
3
Listing Agency:
RE/MAX SELECT
Listed By:
DAVID P WAINWRIGHT · License #234919
(973) 818-7100
Source:
Evrealestate
Added: Jun 16
Changed: Aug 31
Last Checked: Sep 7 at 5:15AM
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 RE/MAX SELECT
Investment Insights
Based on property information with market context.
Freestanding commercial building positioned for a flexible owner-user or business use, offering expansive open-concept space along with multiple private and support areas. The interior includes restrooms, storage facilities, and a commercial kitchen/preparation area, supporting a range of operational formats within the building’s current layout.
Located in Sparta Township’s Economic Development (ED) Zone on a generously sized site with abundant on-site parking. The property is surrounded by mature woodlands, with convenient access to Route 15 and regional transportation corridors. BikeScore is 10 (somewhat bikeable) and WalkScore is 1 (car-dependent).
The ED Zone permits a broad range of office, research, warehousing, light industrial, indoor recreation, health club, and business-related uses, creating flexibility for permitted commercial operations.
Located in Sparta Township’s Economic Development (ED) Zone on a generously sized site with abundant on-site parking. The property is surrounded by mature woodlands, with convenient access to Route 15 and regional transportation corridors. BikeScore is 10 (somewhat bikeable) and WalkScore is 1 (car-dependent).
The ED Zone permits a broad range of office, research, warehousing, light industrial, indoor recreation, health club, and business-related uses, creating flexibility for permitted commercial operations.
Key Highlights
- Freestanding commercial building built in 1939 with expansive open‑concept space
- Includes private and support areas, restrooms, and storage facilities
- Commercial kitchen/preparation area included
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
$49,802
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
8.44%
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%
$996,040
$996.0K
Cap Rate 7%
$711,457
$711.5K
Cap Rate 9%
$553,356
$553.4K
Market Conditions
NOI Build-Up for 3,255 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
$97.7K $30.00/SF
− Vacancy
−$31.2K −$9.60/SF
EGI
$66.4K $20.40/SF
− OpEx
−$16.6K −$5.10/SF
NOI
$49.8K $15.30/SF
Area
Sussex County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$996,040
Cap Rate 7%
$711,457
Cap Rate 9%
$553,356
Alternative Uses
Best Use
Office B
$711.5K
$622.5K – $830.0K
NOI $49,802 @ 7.0% cap · market cap 8.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$849.9K
$743.7K – $991.6K
NOI $59,496 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
130
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding commercial building with expansive open-concept space, private areas, restrooms, storage, and a commercial kitchen/prep area.
Where is this office building located?
The property is located at 409 Woodport Rd Sparta, NJ.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Freestanding commercial building built in 1939 with expansive open‑concept space; Includes private and support areas, restrooms, and storage facilities; Commercial kitchen/preparation area included
