Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2458 Rt Cherry Hill, NJ 08002

    Sponsored
    For Lease
    $17,176 /Mo ($1.39 SF/Yr)

    CommercialLease - CHERRY HILL, NJ

    Type:Retail
    Property size:
    5,424 SF
    Lot size:
    3.40 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 27 at 4:06 pm

    Property Features for 2458 Rt

    General Information

    Property type
    Other
    Property subtype
    Retail
    Standard status
    Active
    Parking
    150
    Parking features
    Parking Lot
    Size
    5,424 SF
    Lot size
    3.40 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Building materials
    Frame

    We can help!

    Listing Contact
    Kevin Wallace

    MLS Direct Realtors, LLC (856) 857-1800

    Listing agent Kevin Wallace (856) 857-1800 License #8934519

    Listing date Feb 26, 2026

    MLS# NJCD2111766

    Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Restaurant/Retail Space in Cherry Hill

    This property, currently a 5424-square-foot building, is available for lease in Cherry Hill, NJ. The existing building, previously a restaurant, is offered in AS-IS condition but can be adapted for various business uses. The property benefits from a location between two U-turns, the Route 38 Circle and the Mill Street Traffic Light, ensuring easy access. It is surrounded by major retailers, restaurants, and fast-food establishments, including Wawa, McDonalds, Outback Steakhouse, Wendy's, and M&T Bank. A new carwash is also upcoming on the circle. The site features ample parking and 334 feet of road frontage, enhancing visibility. Situated on a major highway with high traffic counts, the location is in proximity to large residential neighborhoods and serves as a primary route between the Cherry Hill and Moorestown Malls, as well as a major route to Philadelphia. The site includes lots 1, 2, and 3, with a permanent easement on lot 4 for additional parking if needed. The lot size is 3.4 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Similar Places Nearby

    Wegmans Catering, The Little Sicilian Catering & Food Truck

    Map

    City
    Cherry Hill
    County
    Bergen
    State
    New Jersey
    Longitude
    -75.00499209
    Latitude
    39.94164241

    Nearby Similar for Lease

    • $5,416 /Mo

      Prime Retail/Office Space on Route 70

      High-visibility commercial space in Cherry Hill's thriving business corridor.
      2093 Marlton Pike E, Cherry Hill, NJ 08003
      View Details
    • $9,500 /Mo

      Cherry Hill Commercial Lease Opportunity

      Prime location for office or showroom with high visibility.
      1641 Marlton Pike E, Cherry Hill, NJ 08034
      View Details
    • Sponsored
      New
      Contact for pricing

      Towne Park at Garden State

      Flexible workspace in West Loop 200 S. Wacker
      923 Haddonfield Rd, Cherry Hill, NJ 08002
      View Details
    • Sponsored
      Contact for pricing

      NJ, Cherry Hill - Kings Hwy

      Discover many ways to work your way in San Antonio Airport
      1040 Kings Hwy, Cherry Hill, NJ 08034
      View Details
    • $15,000 /Mo

      Commercial Space in Cherry Hill

      Retail property available for lease in Cherry Hill, New Jersey.
      1604 Route 70 W, Cherry Hill, NJ 08002
      View Details
    • $16 SF/Yr
      2,500 SF

      Prime Retail Space on Route 70

      Premier retail location in Cherry Hill Business District on Route 70.
      2075-2099 Rt 70 E, Cherry Hill, NJ
      View Details
    • $3,500 /Mo
      1,900 SF

      Cherry Hill Office Space Available

      Office space for lease in prime Cherry Hill location.
      100 Kings Hwy S, Cherry Hill, NJ
      View Details
    • $18 SF/Yr
      4,321 SF

      Cherry Hill Professional Office Space

      Second-floor office suites in a centrally located professional building.
      411 Nj-70, Cherry Hill, NJ
      View Details
    • $20 SF/Yr
      2,500 SF

      Cherry Hill Office Space Available

      100,000 SF office building near Philadelphia and Cherry Hill Mall.
      51 Haddonfield Rd, Cherry Hill, NJ
      View Details
    • $20 SF/Yr
      932 SF

      Cherry Hill Office Building

      Affordable office building with ample parking and convenient location.
      771 Cuthbert Rd, Cherry Hill, NJ
      View Details
    • Contact for pricing
      16,000 SF

      Retail/Office and Warehouse Space

      Retail/office and warehouse space available on Route 70.
      1811 Route 70 West, Cherry Hill, NJ 08002
      View Details
    • $20 SF/Yr
      96,000 SF

      96,000 SF Office Building

      Office building in Cherry Hill, minutes from Philadelphia.
      51 Haddonfield Rd, Cherry Hill, NJ 08002
      View Details

    FAQs

    What type of property is this?
    Restaurant - High-traffic location suitable for restaurant or retail business.
    Where is this restaurant located?
    The property is located at 2458 Rt Cherry Hill, NJ.
    What is the lease rate?
    The lease rate is $1.39 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic location on a major highway between Cherry Hill and Moorestown Malls, a primary route to Philadelphia.; - Excellent visibility with 334ft of road frontage and easy access between two U-turns.; - Surrounded by major retailers, restaurants, and fast-food establishments (Wawa, McDonalds, Outback Steakhouse, Wendy's, M&T Bank).
    (856) 857-1800
    Request Owner's contact information
    2458 Rt Cherry Hill, NJ 08002
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2458 Rt
    Cherry Hill, NJ 08002
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2458 Rt Cherry Hill, NJ 08002
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kevin Wallace
    Real Estate License ID: 8934519
    (856) 857-1800 (609) 820-8947
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!