Individually Owned 
For Sale
1 / 29
$670,000
27 Main St, Sparta, NJ 07871
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Property summary
AI-generated overview
Commercial property located in downtown Sparta Township, New Jersey, consisting of a building with 1,846 square feet on a 0.23-acre lot. The site includes a detached two-car garage. The interior is handicap accessible and contains two bathrooms. A finished basement adds additional usable space. The first floor features an entry foyer, a full bathroom, a kitchen, and two office rooms. The second floor includes three office rooms, including an executive suite with custom built-ins and a cathedral ceiling. The property is zoned TCM3B, which permits multi-use possibilities.
Property profile
Verified
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1922
Total area
1,691 SF
Lot
0.22 ac (9,374 SF)
Zoning code
TCMS
APN
18 02001-0000-00040
UPID
US59-0280220
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Employment Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Zoning & alternative use
TCMS · Sparta, NJ
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$270k
Value range
$243k – $297k
±10% around blend
Estimated value / SF
$160 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
50
Income certainty
100
$243k
blend $270k
$297k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,691 SF
Lot area
0.22 ac
Year built
1922
Stories
2
APN
18 02001-0000-00040
Zoning
TCMS
Assessed value
$366,500
Annual tax
$12,468
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$12,468
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$332k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.3 mi away · 1,305 SF
6.5 mi away · 1,565 SF
6.5 mi away · 1,224 SF
10.0 mi away · 1,750 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$270k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 41 sales
$173
-8%
Submarket 41 sales
$173
-8%
County 272 sales
$140
+14%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $160/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.22%
Selected cap rate for this other commercial real estate
Derived from the Sparta market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.22%
9.0%
NOI (est.)
$28k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$669k
Move the market yield to see immediate price impact.
Value / SF
$396
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.72%4.22%4.72%
$25k
$683k
$602k
$539k
$28k
$759k
$669k
$598k
$31k
$835k
$736k
$658k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$340k
5.2 mi · Dec 2025 · $272/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$12,468
Tax year 2022
Assessed value
$366,500
Assessed 2023
Previous assessed
$366,500
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$114,200
Assessed improvement
$252,300
Land market value
$114,200
Improvement market value
$252,300
Total market value
$366,500
Applied tax rate
18.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1922
Heating
NONE
Stories
2
Total area
1,691 SF
Lot
0.22 ac (9,374 SF)
Zoning code
TCMS
APN
18 02001-0000-00040
UPID
US59-0280220
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
TCMS · Sparta, NJZoning TCMS · permitted uses
TCMS · Sparta, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1922
Heating
NONE
Stories
2
Lot
0.22 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
TCMS
Jurisdiction
Sparta, NJ
Recorded code
TCMS
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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