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Property profile & analytics
OFF-MARKET
Estimated value
$2,230,000
Commercial real estate
60 Blue Heron Rd Sparta, NJ 07871-2608
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US59-1822625
Property summary
AI-generated overview
Blue Heron Plaza, located at 60 Blue Heron Rd, Sparta, NJ 07871, presents a unique opportunity. This iconic, three-story office building, totaling 17,000 square feet, boasts a prime location with convenient highway and freeway access. Currently, 2,107 square feet of space is available for lease within this single-tenant building constructed in 1991. The property sits on 1.59 acres of land and offers a variety of office configurations suitable for traditional, executive, coworking, medical, or creative office uses. Amenities include ample parking, proximity to a park-and-ride, and handicap accessibility. The building is equipped with electric power and elevators. The zoning is designated as ED. Utilities are the responsibility of the tenant, with a $3.00 CAM charge. The property utilizes a septic system and well water. This is an exceptional opportunity to secure office space in a historically significant Sparta building. The available space offers multiple offices, providing flexibility for various business needs.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1991
Total area
24,069 SF
Lot
1.55 ac (67,474 SF)
Zoning code
ED
APN
18 37003-0000-00001
UPID
US59-1822625
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
-
Laddey, Clark & Ryan, LLP Law Firm
-
Law Offices of Michael P. Burakoff, P.A. Law Firm
-
Pass It Along Social Service Agency Charitable Organization
-
Sterling Financial Planning Financial Advisor
-
Kramer Jeffrey A Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$2.23M
Owner & transaction history
Blue Heron Interchange Plaza LLC · 5 yrs held
Blue Heron Interchange Plaza LLC
since 2020
5 recorded transactions
Zoning & alternative use
ED · 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±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
$93 / 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
$71,190
Tax year 2022
Assessed value
$2,092,600
Assessed 2023
Previous assessed
$2,092,600
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$159,000
Assessed improvement
$1,933,600
Land market value
$159,000
Improvement market value
$1,933,600
Total market value
$2,092,600
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
1991
Heating
NONE
Stories
9
Total area
24,069 SF
Lot
1.55 ac (67,474 SF)
Zoning code
ED
APN
18 37003-0000-00001
UPID
US59-1822625
Jurisdiction
SUSSEX
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
ED · Sparta, NJ
Zoning ED · permitted uses
ED · 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
1991
Heating
NONE
Stories
9
Lot
1.55 ac
Current owner
From public records · entity-resolved
Blue Heron Interchange Plaza LLC
Entity
Mailing address
60 BLUE HERON RD, SPARTA, NJ 07871-2608
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 31, 2020
—
Blue Heron Interchange Plaza LLC
—
Deed
related
$1,600,000 · Lakeland Bank
—
—
Heron Interchange Plaza L Blue
—
Deed Of Trust
related
$200,000 · Lakeland Bank
—
—
Blue Heron Interchange Plz LLC
—
Deed Of Trust
related
$50,000 · Lakeland Bank
—
—
Heron Interchange Plaza Blue
—
Deed Of Trust
related
$200,000 · Lakeland Bank
—
—
Heron Interchange Plaza L Blue
—
Deed Of Trust
related
$370,000 · Lakeland 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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