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Property profile & analytics
OFF-MARKET
Estimated value
$2,380,000
Commercial real estate
380 Lafayette Rd Sparta, NJ 07871-3323
Entity Owned
2-yr Hold
Free & Clear
Property ID
US59-3131067
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2007
Total area
16,384 SF
Lot
6.99 ac (304,572 SF)
Zoning code
ED-1
APN
18 11002-0000-00010
UPID
US59-3131067
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
-
Specialty Surgical Center Medical Clinic Hospital
-
Advanced Spinal Care & Associates LLC Physician
-
Mykulak Donald J MD Physician Medical Clinic
-
Advanced Spinal Care: Nasees George S MD Physician
-
FedEx Drop Box Postal Service Courier Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.50M
Comparable Approach
Comparable
$2.91M
Blend (final)
Blend
$2.38M
Owner & transaction history
376 Lafayette Jv LLC · 2 yrs held
376 Lafayette Jv LLC
since 2023
Last sale
$1
7 recorded transactions
Zoning & alternative use
ED-1 · 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%
$2,705,000
6.5%
$2,495,000
7%
$2,315,000
Blend value · Realmo final
$2.38M
Range $2.14M – $2.62M · ±10% · vs last sale $1 (Dec 27 2023)
Last sale anchor
$1
Dec 27 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
$145 / 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
$77,855
Tax year 2022
Assessed value
$2,288,500
Assessed 2023
Previous assessed
$2,288,500
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$664,100
Assessed improvement
$1,624,400
Land market value
$664,100
Improvement market value
$1,624,400
Total market value
$2,288,500
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
2007
Heating
NONE
Stories
4
Total area
16,384 SF
Lot
6.99 ac (304,572 SF)
Zoning code
ED-1
APN
18 11002-0000-00010
UPID
US59-3131067
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
ED-1 · Sparta, NJ
Zoning ED-1 · permitted uses
ED-1 · 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
2007
Heating
NONE
Stories
4
Lot
6.99 ac
Current owner
From public records · entity-resolved
376 Lafayette Jv LLC
Entity
Free & Clear · 2 yrs held
Mailing address
145 SPG ST STE B, NEWTON, NJ 07860-2093
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2025
—
376 Lafayette Jv LLC
—
Deed
related
$3,450,000 · Provident Bank
Dec 27, 2023
—
376 Lafayette Jv LLC
376 Lafayette Jv LLC
Intrafamily Transfer
related
—
Jun 7, 2022
—
376 Lafa Yette Jv LLC
—
Deed
related
$12,000,000 · Lakeland Bank
May 22, 2018
—
376 Lafayette Jv LLC
—
Loan Modification
related
$8,500,000 · Investors Bk
Dec 14, 2016
$2,201,900
376 Lafayette Jv LLC
376 15 LLC
Grant Deed
related
—
Mar 31, 2006
$1
376 Route 15 LLC
Sparta Busn Campus Holding LLC
Grant Deed
$1,500,000 · Lakeland Bank
Oct 26, 2001
—
376 Route 15 LLC
376 Route 15 LLC
Quit Claim Deed
related
—
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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