Financial
Distress signals
Property profile

241 Newton Sparta Rd Newton, NJ 07860

FOR LEASE
Other commercial real estate
Property ID
US59-0734641
5,456 SF 1.72 ac lot
Last sale Mar 2018 · $799,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a ground-floor retail space of approximately 2,000 SF with an open interior layout suitable for customization and future build-out. Features include 12-foot ceilings, abundant natural light, a large vault characteristic of the former bank use, and access to a large parking lot. The property is zoned CB. It is located at a signalized intersection along Newton Sparta Road in a commercial corridor between Newton and Sparta, providing opportunities for building signage and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$31k
Tax billed · 2022
Assessed value · 2023$791k
Assessed land$304k
Assessed improvement$487k
Effective rate3.89%

Value estimate

· Sep 2026
$380k
$342k – $418k
CAP approach$830k
Submarket $/SF estimate$763k
NOI build-up
Gross scheduled income$43k
Vacancy & credit loss−$2k
Operating expenses−$12k
NOI · 1,463.95% cap applied$29k

Realmo valuation models over county records and 15 qualifying comparable sales.

Recently sold

What actually traded nearby?
$112/SF
ZIP average, outlier-cleaned · 67 recorded sales of this use type
Observed band · Q1–Q3$71 – $169
Qualifying comparables15

Cap rate analysis

How does the asset earn?
1,463.95%
$29k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
CB
JurisdictionSUSSEX

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office12.2
Building Supply12.0
Auto Parts Store10.7

Location

241 Newton Sparta Rd Newton, NJ 07860
County assessor Recorded deeds · 8 transfers 15 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
59 Trinity, Newton, NJ 07860-2242 $200,000 Jan 2026 7,055 SF
196 Spg, Newton, NJ 07860-2073 $1,483,200 Jan 2026 4,468 SF
60 Stickles Pond, Newton, NJ 07860-2780 $1,000,000 Jun 2025 4,560 SF
15 Trinity, Newton, NJ 07860-1814 $1,000,000 Nov 2024 6,144 SF
4 Hampton, Newton, NJ 07860-2227 $424,660 Oct 2024 3,200 SF
111 Spg, Newton, NJ 07860-2042 $600,000 Jul 2024 9,416 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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