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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Office Units
43 Main St, Sparta, NJ 07871-1972
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2838383
Property summary
AI-generated overview
This office space is located in a well-maintained building offering excellent visibility and accessibility. The property features handicap accessibility, a shared parking lot, and a private bath. A break room with a kitchenette is available. The space includes 5 rooms. It is located in Sparta Twp., NJ, on a 0.6-acre lot. The living area is 5040 square feet. The zoning is Business/Res. The property is suitable for businesses.
Property profile
Verified
Property type
Office Units
Use group
COMMERCIAL (GENERAL)
Year built
2007
Total area
5,040 SF
Lot
0.6 ac (26,110 SF)
Zoning code
R-4
APN
18 02200-0000-00001
UPID
US59-2838383
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
-
Gia Leo, LCSW, LCADC, LLC. Counselor Social Worker
-
Three Treasures Acupuncture of NJ Alternative Medicine Practice Acupuncture
-
Wells Fargo Home Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$770k
Comparable Approach
Comparable
$828k
Blend (final)
Blend
$790k
Owner & transaction history
43 Main Street Sparta LLC · 4 yrs held
43 Main Street Sparta LLC
since 2021
Last sale
$785,000
7 recorded transactions
Zoning & alternative use
R-4 · 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%
$830,000
6.5%
$770,000
7%
$715,000
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $785k (Oct 29 2021)
Last sale anchor
$785k
Oct 29 2021
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
$157 / 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
$22,133
Tax year 2022
Assessed value
$650,600
Assessed 2023
Previous assessed
$650,600
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$105,000
Assessed improvement
$545,600
Land market value
$105,000
Improvement market value
$545,600
Total market value
$650,600
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
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
Office Units
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2007
Heating
NONE
Total area
5,040 SF
Lot
0.6 ac (26,110 SF)
Zoning code
R-4
APN
18 02200-0000-00001
UPID
US59-2838383
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
R-4 · Sparta, NJ
Zoning R-4 · permitted uses
R-4 · 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
Lot
0.6 ac
Current owner
From public records · entity-resolved
43 Main Street Sparta LLC
Entity
Mailing address
38 STA RD #3, SPARTA, NJ 07871-3627
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2022
—
43 Main Street Sparta LLC
—
Deed
related
$590,000 · Peoples Security Bank & Trust Company
Oct 29, 2021
$785,000
43 Main Street Sparta LLC
Panacea Holdings LLC
Deed
$546,000 · Family First Funding LLC
May 23, 2008
$895,000
Panacea Holdings LLC
43 Main Street LLC
Grant Deed
related
$620,000 · First Hope Bank
Jan 25, 2006
$1
Township Of Sparta
Sparta Ridge LLC
Grant Deed
related
—
Dec 28, 2005
—
Sparta Ridge LLC
Sparta Ridge LLC
Trustees Deed
related
$2,000,000 · First Hope Bank
Nov 4, 2005
$1
43 Main Street LLC
Sparta Ridge LLC
Grant Deed
related
—
Jul 22, 2004
$1,300,000
Sparta Ridge LLC
Tower Alpine INC
Grant Deed
—
—
—
Panacea Holdings LLC
—
Deed Of Trust
related
$1,500,000 · First Hope Bank
—
—
43 Main Street LLC
—
Deed Of Trust
related
$100,000 · First Hope Bank
—
—
43 Main Street LLC
—
Deed Of Trust
related
$1,100,000 · First Hope Bank
—
—
Wantage Ridge Dev LLC
—
Loan Modification
related
$550,000 · First Hope Bank
—
—
Sparta Ridge LLC
—
Deed Of Trust
related
$3,900,000 · Sovereign Bank
—
—
Panacea Holdings LLC
—
Deed Of Trust
related
$60,000 · 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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