Upper-Level Retail
55 Sparta Ave, Sparta, NJ 07871
For Sale
Contact for pricing
Flexible commercial space above Star Cleaners supports retail, office, salon, boutique, or studio operations.
Property Size1,500 SF
Price / SF$1.33
Days on Market53
Property Features for 55 Sparta Ave
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Re/Max Premier
(908) 872-5473
Listed By:
The Campusano Group
(646) 469-7874
Source:
Thecampusanogroup
Added: Sep 15
Changed: Nov 6
Last Checked: Nov 6 at 9:10AM
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 Premier
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Investment Insights
Based on property information with market context.
Located above Star Cleaners at 55 Sparta Ave in Sparta Twp., NJ, this approximately 1,500-square-foot upper-level commercial space was built in 1968. The property formerly operated as a beauty salon and can accommodate a range of retail or professional configurations.
The space is suited to salon, office, boutique, studio, and related business uses identified in the property information. Its placement above an established cleaners provides a recognizable commercial setting for an owner-user or operator seeking adaptable space in Sparta Twp.
The space is suited to salon, office, boutique, studio, and related business uses identified in the property information. Its placement above an established cleaners provides a recognizable commercial setting for an owner-user or operator seeking adaptable space in Sparta Twp.
Key Highlights
- Approximately 1,500 sq. ft. of upper‑level commercial space
- Located above Star Cleaners at 55 Sparta Ave
- Former beauty salon layout and use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,410
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
$428.2K
Cap Rate 7%
$305,857
$305.9K
Cap Rate 9%
$237,889
$237.9K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$32.4K $21.60/SF
− Vacancy
−$1.8K −$1.21/SF
EGI
$30.6K $20.39/SF
− OpEx
−$9.2K −$6.12/SF
NOI
$21.4K $14.27/SF
Area
Sussex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$428,200
Cap Rate 7%
$305,857
Cap Rate 9%
$237,889
Alternative Uses
Best Use
Retail
$305.9K
$267.6K – $356.8K
NOI $21,410 @ 7.0% cap · market cap 1,070.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$391.7K
$342.7K – $457.0K
NOI $27,418 @ 7.0% cap · market cap 1,370.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
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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
$462,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Sussex County, NJ
Properties on Market for Retail space in Sussex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space above Star Cleaners supports retail, office, salon, boutique, or studio operations.
Where is this retail space located?
The property is located at 55 Sparta Ave Sparta, NJ.
What are key features of this property?
This property features: Approximately 1,500 sq. ft. of upper‑level commercial space; Located above Star Cleaners at 55 Sparta Ave; Former beauty salon layout and use
