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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Commercial real estate
37 Main St Sparta, NJ 07871-1903
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0408255
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1902
Total area
3,650 SF
Lot
0.69 ac (30,096 SF)
Zoning code
TCMS
APN
18 02001-0000-00043
UPID
US59-0408255
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
-
Dolores L. Aretsky Law Firm
-
Aretsky Law Group, P.C. Law Firm
-
Eric J. Aretsky Law Firm
-
Baseline Web Design and Marketing Marketing & Advertising (Bike/Boat/Book/etc) Store
-
RJC Studios LLC Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
$555k
Comparable Approach
Comparable
$643k
Blend (final)
Blend
$700k
Owner & transaction history
37 Main St Sp LLC · 3 yrs held
37 Main St Sp LLC
since 2023
Last sale
$815,000
7 recorded transactions
Zoning & alternative use
TCMS · 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
$700,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$555,000
7%
$515,000
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $815k (Jan 13 2023)
Last sale anchor
$815k
Jan 13 2023
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
$192 / 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
$17,625
Tax year 2023
Assessed value
$505,600
Assessed 2024
Previous assessed
$505,600
+0.0% YoY
Effective rate
3.49%
On assessed value
Assessed land
$133,000
Assessed improvement
$372,600
Land market value
$133,000
Improvement market value
$372,600
Total market value
$505,600
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
3,650 SF
Lot
0.69 ac (30,096 SF)
Zoning code
TCMS
APN
18 02001-0000-00043
UPID
US59-0408255
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
TCMS · Sparta, NJ
Zoning TCMS · permitted uses
TCMS · 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
0.69 ac
Current owner
From public records · entity-resolved
37 Main St Sp LLC
Entity
Mailing address
38 STA RD #3, SPARTA, NJ 07871-3627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2023
$815,000
37 Main St Sp LLC
37 Abbey Main LLC
Deed
$581,250 · Affinity FCU
Jan 3, 2012
$375,000
37 Abbey Main LLC
First Hope Bk
Grant Deed
$290,625 · First Hope Bank
Dec 16, 2011
—
Hope Bk First
Sheriff Of Sussex County
Trustees Deed
related
—
Oct 4, 2004
$1
George Willekes
Willekes,george & Brunhilde
Grant Deed
related
—
Jul 22, 2004
$1
Sparta Ridge LLC
Willkes,george
Grant Deed
$842,500 · Provident Savings Bank
—
—
37 Abbey Main LLC
—
Deed Of Trust
related
$100,000 · First Hope Bank
—
—
George Willekes
—
Deed Of Trust
related
$50,000 · First Hope Bank
—
—
George H Willekes
—
Deed Of Trust
related
$435,000 · 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.
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