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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    513 Lafayette Rd, Sparta, NJ 07871-3448

    2.02 ac lot
    Entity Owned 7-yr Hold Absentee Owner Free & Clear
    Property ID
    US59-2565757
    Property summary
    AI-generated overview

    This exceptional 1,590 square foot retail space is located within the Shops at North Village, a vibrant new mixed-use development in Sparta, New Jersey. Situated on Route 15, one of Sussex County's busiest north-south arteries, this property benefits from high visibility and significant daily traffic exceeding 25,000 vehicles. The Shops at North Village is the largest and newest shopping center in the county, boasting a total of 141,000 square feet of retail, restaurant, and entertainment space. A newly opened, state-of-the-art ShopRite (80,000 sq ft) and a 15,000 sq ft ShopRite Wine & Liquors anchor this thriving center. The development also includes 305 residential units, creating a built-in customer base. The surrounding area features 58 townhomes, 60 multifamily dwellings, a 72-unit assisted living facility, and 92 single-family homes, further enhancing the property's appeal and potential. The property is classified as Class A and offers ample parking with a ratio of 5 spaces per 1,000 square feet. This single-tenant space presents a unique opportunity for businesses seeking a prime location within a rapidly growing community in Sussex County, NJ. The address is 513 Lafayette Rd, Sparta, NJ 07871.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Construction BRICK
    Lot 2.02 ac (87,817 SF)
    Zoning code PVC
    APN 18 16008-0000-00008
    UPID US59-2565757
    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
    • The Chelsea at Sparta Nursing Home Retirement Community
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Sparta Senior Living LLC · 7 yrs held
    Sparta Senior Living LLC
    since 2018
    6 recorded transactions
    2019
    2018
    2018
    $2.2M
    2018
    2006
    $1.1M
    1969
    Zoning & alternative use
    PVC · Sparta, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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