Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,815,000
Commercial real estate
351 Sparta Ave Sparta, NJ 07871-1160
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-0281191
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2006
Total area
12,322 SF
Lot
2.67 ac (116,175 SF)
Zoning code
RR
APN
18 10001-0000-00060
UPID
US59-0281191
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
-
Sussex County Association-Realtors Real Estate Agency
-
Bridge Medical Center Medical Clinic
-
Coyle Genoveva F MD Physician
-
Comcast Spotlight (Ad Solutions) Marketing & Advertising Advertising Agency
-
Urban Financial Group Timothy Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$2.23M
Blend (final)
Blend
$1.82M
Owner & transaction history
351 Sparta Avenue LLC · 4 yrs held
351 Sparta Avenue LLC
since 2022
7 recorded transactions
Zoning & alternative use
RR · 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%
$2,035,000
6.5%
$1,875,000
7%
$1,745,000
Blend value · Realmo final
$1.82M
Range $1.63M – $2.00M · ±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
$147 / 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
$59,749
Tax year 2022
Assessed value
$1,756,300
Assessed 2023
Previous assessed
$1,756,300
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$393,500
Assessed improvement
$1,362,800
Land market value
$393,500
Improvement market value
$1,362,800
Total market value
$1,756,300
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
2006
Heating
NONE
Total area
12,322 SF
Lot
2.67 ac (116,175 SF)
Zoning code
RR
APN
18 10001-0000-00060
UPID
US59-0281191
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
RR · Sparta, NJ
Zoning RR · permitted uses
RR · 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
2006
Heating
NONE
Lot
2.67 ac
Current owner
From public records · entity-resolved
351 Sparta Avenue LLC
Entity
Mailing address
16354 87TH ST, HOWARD BEACH, NY 11414-3342
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2022
—
351 Sparta Avenue LLC
Giuseppe Lasorsa
Deed
—
Aug 14, 2013
$2,425,000
Giuseppe Lasorsa
Plaza Of Sussex Mills LLC
Grant Deed
—
Jul 27, 2005
$1
Plaza At Sussex Mills LLC
Plaza At Sussex Mills LLC
Grant Deed
related
—
Jun 8, 2005
$1
First Hope Bank
Plaza At Sussex Mills LLC
Grant Deed
related
—
Jul 26, 2004
—
Plaza At Sussex Mills LLC
—
Trustees Deed
related
$325,000 · Somerset Capital LLC
—
—
Plaza Of Sussex Mills LLC
—
Deed Of Trust
related
$165,000 · First Hope Bank
—
—
Plaza At Sussex Mills LLC
—
Deed Of Trust
related
$150,000 · Sussex Bank
—
—
Plaza At Sussex Mills LLC
—
Deed Of Trust
related
$85,000 · First Hope Bank
—
—
Plaza At Sussex Mills LLC
—
Deed Of Trust
related
$165,000 · First Hope Bank
—
—
Lasorsa,giuseppe
—
Deed Of Trust
related
$500,000 · Sussex Bk
—
—
Plaza At Sussex Hills LLC
—
Deed Of Trust
related
$1,988,000 · First Hope 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.
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 351 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.
