Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Commercial real estate
125 Sparta Ave Sparta, NJ 07871-1773
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0281044
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1902
Total area
4,362 SF
Lot
6.93 ac (301,914 SF)
Zoning code
C-2
APN
18 10001-0000-00014
UPID
US59-0281044
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 Brick House Farm Inn & Wedding Venue Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
$665k
Comparable Approach
Comparable
$859k
Blend (final)
Blend
$875k
Owner & transaction history
First Hope Bank · 1 yrs held
First Hope Bank
since 2024
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
C-2 · 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
$875,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
$720,000
6.5%
$665,000
7%
$615,000
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $875k (Oct 11 2024)
Last sale anchor
$875k
Oct 11 2024
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
$201 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$23,531
Tax year 2023
Assessed value
$675,000
Assessed 2024
Previous assessed
$675,000
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$328,700
Assessed improvement
$346,300
Land market value
$328,700
Improvement market value
$346,300
Total market value
$675,000
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
Similar Nearby for Lease
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
1902
Heating
NONE
Stories
3
Total area
4,362 SF
Lot
6.93 ac (301,914 SF)
Zoning code
C-2
APN
18 10001-0000-00014
UPID
US59-0281044
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
C-2 · Sparta, NJ
Zoning C-2 · permitted uses
C-2 · 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
1902
Heating
NONE
Stories
3
Lot
6.93 ac
Current owner
From public records · entity-resolved
First Hope Bank
Entity
Mailing address
23 SKYVIEW DR, SPARTA, NJ 07871-1782
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2024
—
First Hope Bank
Brickhouse Farm LLC
Assignment Of Lease (leasehold Sale)
—
Oct 10, 2024
$875,000
Brickhouse Farm LLC
Sean R Mccreery
Deed
$588,000 · First Hope Bank
May 3, 2019
$990,000
Sean R Mccreery
Vintage Home & Garden LLC
Grant Deed
$841,500 · Weichert Fin'l
Apr 23, 2014
—
Vintage Home & Garden LLC
Vgb Group LLC
Grant Deed
related
—
Jun 14, 2012
$305,000
Vgb Group LLC
Petersen,carl & Diana
Grant Deed
—
Oct 5, 2000
$550,000
Carl Petersen
Mazzaferre,john A & Therese A
Grant Deed
$396,000 · Greenpoint Mortgage Funding
—
—
Carl H Petersen
—
Deed Of Trust
related
$50,000 · Newton Trust Co
—
—
Carl H Petersen
—
Deed Of Trust
related
$462,000 · Newton Trust Co
—
—
Diana S Petersen
—
Deed Of Trust
related
$20,000 · Newton Trust Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 125 Sparta Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
