Office Condominium with Private
For Sale
$249,900
104-1840 Frontage Rd, Cherry Hill, NJ
The suite includes a reception area, conference or flex room, kitchenette, and private restroom.
Property Size1,426 SF
Price / SF$175.25
Days on Market90
Property Features for 104-1840 Frontage Rd
General Information
Standard status
Active
Size
1,426 SF
Additional Details
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,958
Listing Agency:
Better Homes and Gardens Real Estate Realty Connect
(856) 316-0777
Listed By:
Jeanine Carrillo · License #2298332
(609) 781-6477
Source:
Exprealty
Added: Aug 7
Changed: Nov 3
Last Checked: Nov 3 at 2:54PM
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 Better Homes and Gardens Real Estate Realty Connect
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Investment Insights
Based on property information with market context.
Suite 104 is a 1,426±-square-foot office condominium with a reception and waiting area, multiple private offices, a conference or flex room, kitchenette and private restroom. Its layout supports office-based operations, with potential configurations including legal, accounting, insurance, consulting, medical and counseling practices.
The property is in Cherry Hill’s Route 70 business corridor, with access to Route 70, I-295, Route 38 and the New Jersey Turnpike. The suite is offered for sale and is also available for lease on NNN terms.
The property is in Cherry Hill’s Route 70 business corridor, with access to Route 70, I-295, Route 38 and the New Jersey Turnpike. The suite is offered for sale and is also available for lease on NNN terms.
Key Highlights
- 1,426± square feet of office condominium space
- Multiple private offices, reception and waiting area, conference or flex room, kitchenette, and private restroom
- In Cherry Hill’s Route 70 business corridor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,818
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,360
$436.4K
Cap Rate 7%
$311,686
$311.7K
Cap Rate 9%
$242,422
$242.4K
Market Conditions
NOI Build-Up for 1,426 SF
Gross rent
$42.8K $30.00/SF
− Vacancy
−$13.7K −$9.60/SF
EGI
$29.1K $20.40/SF
− OpEx
−$7.3K −$5.10/SF
NOI
$21.8K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,360
Cap Rate 7%
$311,686
Cap Rate 9%
$242,422
Alternative Uses
Best Use
Office B
$311.7K
$272.7K – $363.6K
NOI $21,818 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.4K
$325.8K – $434.4K
NOI $26,065 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a reception area, conference or flex room, kitchenette, and private restroom.
Where is this office unit located?
The property is located at 104-1840 Frontage Rd Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,426± square feet of office condominium space; Multiple private offices, reception and waiting area, conference or flex room, kitchenette, and private restroom; In Cherry Hill’s Route 70 business corridor
