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Property profile & analytics
OFF-MARKET
Estimated value
$780,000
Commercial real estate
23 Shr Trl Sparta, NJ 07871-1857
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0826492
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1933
Total area
7,239 SF
Lot
0.19 ac (8,242 SF)
Zoning code
TCC
APN
18 05024-0000-00002
UPID
US59-0826492
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
-
Leo Companies Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$780k
Owner & transaction history
Firehouse Apartments LLC · 4 yrs held
Firehouse Apartments LLC
since 2021
7 recorded transactions
Zoning & alternative use
TCC · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$780k
Range $702k – $858k · ±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
$108 / 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
$27,451
Tax year 2022
Assessed value
$806,900
Assessed 2023
Previous assessed
$806,900
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$133,500
Assessed improvement
$673,400
Land market value
$133,500
Improvement market value
$673,400
Total market value
$806,900
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
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
1933
Heating
NONE
Stories
9
Total area
7,239 SF
Lot
0.19 ac (8,242 SF)
Zoning code
TCC
APN
18 05024-0000-00002
UPID
US59-0826492
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
TCC · Sparta, NJ
Zoning TCC · permitted uses
TCC · 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
1933
Heating
NONE
Stories
9
Lot
0.19 ac
Current owner
From public records · entity-resolved
Firehouse Apartments LLC
Entity
Mailing address
23 W SHR TRL, SPARTA, NJ 07871-1857
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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 19, 2021
—
Firehouse Apartments LLC
Celia Leo
Deed
$780,000 · Bcb Community Bank
Sep 27, 2021
—
Fierhouse Apartments LLC
Celia Leo
Deed
—
Aug 2, 2019
$20,000
Celia Leo
Eric R Perkins
Quit Claim Deed
related
—
Sep 24, 2009
$324,500
Gregory G Leo
Township Of Sparta
Grant Deed
—
Sep 4, 2009
$324,500
Gregory G Leo
Township Of Sparta
Quit Claim Deed
related
—
Oct 16, 2008
—
Township Of Sparta
Sparta Township Fire Dept INC
Quit Claim Deed
related
—
—
—
Gregory G Leo
—
Deed Of Trust
related
$740,000 · Lakeland Bank
—
—
Gregory G Leo
—
Deed Of Trust
related
$700,000 · Carson & Gebel Ents LLC
—
—
Gregory G Leo SR.
—
Deed Of Trust
related
$144,000 · Lakeland Bank
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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