Professional Office Near Route
For Sale
$1,195,000
306 Kings Highway South, Cherry Hill Township, NJ 08034
Single-story office building with private offices and ample parking.
Property Size4,650 SF
Price / SF$256.99
Days on Market268
Property Features for 306 Kings Highway South
General Information
Standard status
Active
Size
4,650 SF
Class
B
Property subtype
Office
Building Details
Building Size
4,650 SF
Listing Agency:
NAI Mertz - Corporate
(609) 352-1162
Listed By:
Joe Riggs · License #2441187
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 8
Last Checked: May 9 at 1:56AM
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 NAI Mertz - Corporate
Investment Insights
Based on property information with market context.
This single-story professional office building features six private offices, two conference room/training areas, a kitchen, and two bathrooms. The property includes a full, unfinished, sprinklered basement. There are 25 parking spots available, including two handicap spaces. The building is handicap accessible from both the front and back. It is located in Cherry Hill Township, NJ, with close proximity to Route 70 and convenient access to major highways. The surrounding community offers a blend of residential charm and business opportunities. Kings Highway provides dining options, boutique shops, and cultural experiences. The Barclay Farmstead Museum and Cherry Hill Mall are also nearby. The 2025 taxes are $26,441.87. Showings are by appointment only. This location presents an exceptional opportunity for investors seeking a prime commercial real estate location.
Key Highlights
- Close proximity to Route 70 and Philadelphia, offering convenient access and high visibility.
- 25 parking spots including 2 handicap spots and handicap accessibility (front and back) for ease of access for all.
- Single‑story professional office layout with 6 private offices and 2 conference/training areas.
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
$65,251
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
5.46%
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%
$1,305,020
$1.3M
Cap Rate 7%
$932,157
$932.2K
Cap Rate 9%
$725,011
$725.0K
Market Conditions
NOI Build-Up for 4,650 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
$102.1K $21.96/SF
− Vacancy
−$15.1K −$3.25/SF
EGI
$87.0K $18.71/SF
− OpEx
−$21.8K −$4.68/SF
NOI
$65.3K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$1,305,020
Cap Rate 7%
$932,157
Cap Rate 9%
$725,011
Alternative Uses
Best Use
Office B
$932.2K
$815.6K – $1.09M
NOI $65,251 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,532 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,005
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Single-story office building with private offices and ample parking.
Where is this office building located?
The property is located at 306 Kings Highway South Cherry Hill Township, NJ.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Close proximity to Route 70 and Philadelphia, offering convenient access and high visibility.; 25 parking spots including 2 handicap spots and handicap accessibility (front and back) for ease of access for all.; Single‑story professional office layout with **6 private offices and 2 conference/training areas.**
