Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1 Vlg Blvd Sparta, NJ 07871
    Back to Search
    Property profile & analytics

    1 Vlg Blvd, Sparta, NJ 07871

    View on Map
    • Lifestyle centers
    • 3,122 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 1 Vlg Blvd

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional new development at 1 North Village Boulevard, Sparta, NJ 07871, offers 3,122 square feet of retail space ideally situated near Route 15. The property is comprised of two suites, offering flexibility for multiple tenants or a single large occupant. A minimum of 1,530 square feet is divisible, with a maximum contiguous space of 1,592 square feet. The entire 3,122 square feet is currently vacant and ready for immediate occupancy. The property's classification includes retail, land, and restaurant uses, making it suitable for a variety of businesses. The "Pad Site/Drive-Thru Restaurant Permitted Use" designation presents a unique opportunity for food service establishments. Located in Sussex County, this freestanding building offers high visibility and accessibility, making it an attractive location for businesses seeking a strong presence in the Sparta market. The property is categorized as a shopping center and is perfect for businesses seeking a vibrant commercial environment. This is a rare opportunity to secure a prime retail location in a rapidly growing area. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sparta
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.661
    Latitude
    41.0785

    Comparable in this City

    • Value Estimation by Request
      810 SF

      211 Brookside Dr

      BAR, TAVERN
      211 Brookside Dr, Sparta, NJ 07871
      View Details
    • Value Estimation by Request

      265 Woodport Rd

      COMMERCIAL (GENERAL)
      265 Woodport Rd, Sparta, NJ 07871-2638
      View Details
    • Value Estimation
      $2,790,000
      31,662 SF

      5 Gail Ct

      COMMERCIAL (GENERAL)
      5 Gail Ct, Sparta, NJ 07871-3438
      View Details
    • Value Estimation by Request
      3,350 SF

      2 Main St

      COMMERCIAL (GENERAL)
      2 Main St, Sparta, NJ 07871-7000
      View Details
    • Value Estimation by Request
      6.21 Acres

      191 Woodport Rd

      Commercial real estate
      191 Woodport Rd, Sparta, NJ 07871
      View Details
    • Value Estimation by Request

      386 Lafayette Rd, Unit T03

      COMMERCIAL (GENERAL)
      386 Lafayette Rd, Sparta, NJ 07871-3556
      View Details

    Similar Nearby for Sale

    • $990,000
      2,262 SF

      Established Bar & Restaurant Opportunity

      Beloved bar and restaurant with expansion potential in Sparta, NJ.
      712 Woodport Rd, Sparta, NJ 07871
      View Details
    • Contact for pricing

      Vacant Land on Glen Road

      Vacant land available on Glen Road.
      556 Glen Rd, Sparta, NJ 07871
      View Details
    • $1,740,000

      87-Acre Sparta Land Opportunity

      Rare 87-acre parcel with stunning views and development potential.
      86 Lafayette Rd, Sparta, NJ 07871
      View Details
    • Contact for pricing

      87 Acres in Sparta Township

      Rare 87-acre land opportunity in prestigious Sparta Township, New Jersey.
      86 Lafayette Rd, Sparta, NJ 07871
      View Details
    • Contact for pricing
      0.24 Acres

      Vacant Land in Sparta Twp.

      Vacant land available in Sparta Twp., New Jersey.
      556 Glen Rd, Sparta, NJ 07871
      View Details
    • Contact for pricing

      6 Acres on Kimble Lane

      6-acre land parcel for residential development in Sparta, NJ.
      73 Kimble Ln, Sparta, NJ 07871
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Sparta, New Jersey.
      1 N Vlg Blvd, Sparta, NJ 07871
      View Details
    • Contact for pricing
      270,508 SF

      Turn Key Restaurant Opportunity

      Turn key restaurant space for lease in Sparta Twp.
      191 Woodport Rd, Sparta, NJ 07871
      View Details
    • Contact for pricing

      Renovated Retail Center in Sparta

      Reimagined retail center with customizable spaces in thriving downtown Sparta.
      29 Center St, Sparta, NJ 07871
      View Details
    • Contact for pricing

      Renovated Retail Center in Sparta

      Reimagined retail center with spaces from 1,260 to 7,280 SF.
      29 Center St, Sparta, NJ 07871
      View Details
    • Contact for pricing

      Highly Visible Sparta Plaza Spaces

      Retail, medical, commercial, restaurant, and professional services spaces available.
      191 Woodport Rd, Sparta, NJ 07871
      View Details
    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.
    1 Vlg Blvd
    Sparta, NJ 07871
    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
    1 Vlg Blvd, 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!