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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Commercial real estate
107 Main St, Sparta, NJ 07871-1905
Entity Owned
22-yr Hold
~
Est. High Equity
Property ID
US59-1461224
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Total area
8,068 SF
Lot
0.69 ac (30,000 SF)
Zoning code
TCLM
APN
18 27001-0000-00058
UPID
US59-1461224
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
The Goddard School of Sparta Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.23M
Comparable Approach
Comparable
$1.59M
Blend (final)
Blend
$1.26M
Owner & transaction history
Pointe At Sparta LLC · 22 yrs held
Pointe At Sparta LLC
since 2004
7 recorded transactions
Zoning & alternative use
TCLM · Sparta, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sparta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sparta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,330,000
6.5%
$1,230,000
7%
$1,140,000
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$156 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$42,420
Tax year 2022
Assessed value
$1,246,900
Assessed 2023
Previous assessed
$1,246,900
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$225,000
Assessed improvement
$1,021,900
Land market value
$225,000
Improvement market value
$1,021,900
Total market value
$1,246,900
Applied tax rate
18.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Heating
NONE
Stories
8
Total area
8,068 SF
Lot
0.69 ac (30,000 SF)
Zoning code
TCLM
APN
18 27001-0000-00058
UPID
US59-1461224
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
TCLM · Sparta, NJ
Zoning TCLM · permitted uses
TCLM · Sparta, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sparta. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2004
Heating
NONE
Stories
8
Lot
0.69 ac
Current owner
From public records · entity-resolved
Pointe At Sparta LLC
Entity
Mailing address
PO BOX 728, FAR HILLS, NJ 07931-0728
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
—
Quad II LLC
—
Deed
related
$3,600,000 · Lakeland Bank
Oct 18, 2016
—
Quad II LLC
—
Deed
related
$3,525,000 · Highlands St Bk
Jan 8, 2004
$563,200
Pointe At Sparta LLC
Glen Plaza Properties LLC
Grant Deed
$1,995,000 · Interchange Bank
—
—
Pointe At Sparta LLC
—
Deed Of Trust
related
$214,000 · Dorothy M Smith
—
—
Point At Sparta LLC
—
Deed Of Trust
related
$489,002 · Frances Caserta
—
—
Pointe At Sparta LLC
—
Deed Of Trust
related
$3,260,000 · Highlands State Bank
—
—
Quad II LLC
—
Deed Of Trust
related
$3,525,000 · Highlands St Bk
—
—
Pointe At Sparta LLC
—
Deed Of Trust
related
$209,293 · Dorothy M Smith
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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