Renovated Residential Income
For Sale
$148,000
100 PARK BLVD Unit 75B, Cherry Hill, NJ 08034
Updated unit with lawn-facing outlook and cooperative charges covering property taxes, maintenance, water, and sewer service.
Property Size750 SF
Days on Market78
Property Features for 100 PARK BLVD Unit 75B
General Information
Standard status
Active
Size
750 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Building Details
Building Size
750 SF
Year Built
1970
Listing Agency:
RealtyMark Properties
(856) 220-6629
Listed By:
Andrew Lee · License #1329844
(856) 220-6629
Source:
Patmckennarealtors
Added: Jun 15
Changed: Aug 30
Last Checked: Aug 30 at 9:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RealtyMark Properties
Investment Insights
Based on property information with market context.
Unit 75B is a residential income property built in 1970 with recent updates to the kitchen countertop, carpeting, and interior paint. The residence overlooks a lawn rather than another building or gathering area.
Cooperative charges include property taxes, common-area maintenance, water, and sewage service. Existing rental income is scheduled to continue through next March. The transaction is limited to cash buyers.
Cooperative charges include property taxes, common-area maintenance, water, and sewage service. Existing rental income is scheduled to continue through next March. The transaction is limited to cash buyers.
Key Highlights
- Recent updates include kitchen countertop, carpeting, and interior paint
- Unit 75B was built in 1970
- Cooperative charges cover property taxes, common maintenance, water, and sewage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,534
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,680
$230.7K
Cap Rate 7%
$164,771
$164.8K
Cap Rate 9%
$128,156
$128.2K
Market Conditions
NOI Build-Up for 750 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$22.5K $30.00/SF
− Vacancy
−$1.5K −$2.04/SF
EGI
$21.0K $27.96/SF
− OpEx
−$9.4K −$12.58/SF
NOI
$11.5K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$230,680
Cap Rate 7%
$164,771
Cap Rate 9%
$128,156
Alternative Uses
Best Use
Apartment 5plus
$164.8K
$144.2K – $192.2K
NOI $11,534 @ 7.0% cap · market cap 7.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$195.8K
$171.4K – $228.5K
NOI $13,709 @ 7.0% cap · market cap 9.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 08034, NJ
19,256
Population
8,108
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
5.9 sq mi
ZIP Area
3,264
Density / Sq Mi
$111,244
Median Household Income
$56,792
Median Earnings
$1,707
Median Rent
$335,700
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Updated unit with lawn-facing outlook and cooperative charges covering property taxes, maintenance, water, and sewer service.
Where is this residential income property located?
The property is located at 100 PARK BLVD Unit 75B Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $148,000.
What are key features of this property?
This property features: Recent updates include kitchen countertop, carpeting, and interior paint; Unit 75B was built in 1970; Cooperative charges cover property taxes, common maintenance, water, and sewage
