Sparta, NJ
Commercial Real Estate Market Trends & Data

$216 Avg asking sale price
$18 Avg asking lease rate
6,712 SF Avg unit lease size
20,885 SF Avg building size for sale
7.26% Average cap rate

Sparta's Demographic Profile

Sparta has 7,314 households and a median income of $142,918, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 20,353
# Households 7,314
Median age 44
Median household income $142,918
Avg household size 3.0
Renter-occupied housing units 849
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Sparta, NJ

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Sparta $202 27,233 SF 9.03%
Lafayette $227 7,187 SF 8.28%
Hardyston $205 3,740 SF 6.68%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Sparta $165 25,508 SF 6.20%
Hardyston $114 69,996 SF 6.20%
Hamburg $114 69,992 SF 6.20%
Nearby Retail Markets Avg Cost/SF Typical Size
Sparta $192 8,271 SF
Ogdensburg $128 6,550 SF
Franklin $128 6,550 SF
Lafayette $136 11,730 SF
Jefferson $165 8,277 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Sparta $205 15,467 SF 7.22%
Franklin $284 22,715 SF 6.59%
Wharton $444 7,631 SF 7.02%
Newton $187 12,017 SF 7.22%

Commercial Properties For Sale in Sparta

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

2 Bldgs. - Multifamily & Light Industrial

Ogdensburg, NJ 07439

  • 2,997 SF Multifamily
  • 6.59% Cap Rate
  • $424,900
For Sale

±108.12-Acre Former Camp Development Site

Sparta, NJ 07871

  • 108 AC Lot
  • 1 Commercial Lot
  • $1,750,000
For Sale

Previous Kennel & Grooming Operation

Byram Township, NJ 07821

  • 2,556 SF Retail Building
  • $749,000
For Sale

Sparta, NJ Multifamily - Rare and 100% Leased

Sparta, NJ 07871

  • 7,258 SF Multifamily
  • 6.50% Cap Rate
  • $1,185,000
For Sale

60-62 Mill St

Newton, NJ 07860

  • 6,408 SF Multifamily
  • 7.22% Cap Rate
  • $1,650,000
For Sale

King Cole Apts & The Creamery

  • 6.20% Cap Rate
  • $5,500,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Sparta pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Sparta $216 20,885 SF
Ogdensburg $201 4,774 SF
Franklin $177 17,326 SF
Lafayette $197 8,701 SF
Jefferson $177 10,514 SF

Multifamily Properties For Sale in Sparta

For Sale

10 Unit Multi Family Property - Value Add

Newton, NJ 07860

  • 17,200 SF Multifamily
  • 6.41% Cap Rate
  • $1,750,000

Regional Demographic Comparison

This comparison places Sparta alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Sparta or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Sparta 20,353 7,314 44 $142,918 3 849 2%
Franklin 4,939 2,058 46 $73,761 2 704 1%
Lafayette 2,190 817 48 $112,907 3 98 -2%
Jefferson 575 214 47 $124,999 3 22 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Sparta, NJ and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Sparta

View All Commercial Real Estate For Sale in Sparta
Is Sparta a good market for a first-time commercial real estate investor?

Sparta offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Sparta?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Sparta. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Sparta?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Sparta. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Sparta compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Sparta. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Sparta acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Sparta, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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