Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2306 Church Rd Cherry Hill, NJ 08002

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    2,200 SF office building in Cherry Hill Shopping District.

    Property size:
    2,200 SF

    Property Features for 2306 Church Rd

    General Information

    Size
    2,200 SF

    We can help!

    Listing Contact
    Jeffrey Sloan
    Jeffrey Sloan
    Source: Naiglobal

    Listing Agent: Jeffrey Sloan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Cherry Hill Office Building For Sale

    This 2,200 SF office building is available for sale. The interior has been upgraded. The property is situated on 0.9 acres of usable ground. It is zoned B2 Commercial, which allows for a variety of business uses. The building is located in the Cherry Hill Shopping District, a quarter mile from Route 38, the Cherry Hill Mall, and the Haddonfield Rd retail corridor. The location is just off Route 38, 2 miles to Route 70, and within 4 miles of Route 30 and Route 130. The property is also 7 miles to the Ben Franklin Bridge into Philadelphia.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Hill
    County
    Bergen
    State
    New Jersey
    Longitude
    -75.0244
    Latitude
    39.9312

    Nearby Similar for Sale

    • $4,600,000
      22,000 SF

      Retail and Warehouse Buildings For Sale

      Retail and warehouse buildings in Cherry Hill, NJ, near Philadelphia.
      1612&1604 Rte 70 W, Cherry Hill, NJ 08002
      View Details
    • New
      $160,000
      Pending

      Move-In Ready Cherry Hill Office

      Exceptional, move-in ready flex space with modern upgrades.
      1916 Old Cuthbert Rd, Cherry Hill, NJ 08034
      View Details
    • $995,000
      0.44 Acres

      Cherry Hill Commercial Opportunity

      Prime location, excellent condition, suitable for various professional uses.
      1000 Berlin Rd, Cherry Hill, NJ 08034
      View Details
    • New
      $445,000
      1.60 Acres

      Commercial Property on Greentree Road

      Commercial property for sale in Cherry Hill East, New Jersey.
      1868 Greentree Rd, Cherry Hill, NJ 08003
      View Details
    • $4,335,126

      Tesla Dealership and Service Center

      Tesla dealership and service center in a strong retail corridor.
      1605 Rte 70 W, Cherry Hill, NJ
      View Details
    • $1,195,000
      4,650 SF

      Professional Office Near Route 70

      Single-story office building with private offices and ample parking.
      306 Kings Hwy South, Cherry Hill, NJ 08034
      View Details
    • $2,567,000
      3,372 SF

      Cherry Hill Retail Investment Opportunity

      NNN leased bank branch with strong demographics and traffic counts.
      475 Haddonfield Rd, Cherry Hill, NJ
      View Details
    • $349,900
      4,500 SF

      Cherry Hill Office Investment Opportunity

      4,500 SF office building in desirable Cherry Hill location.
      1236 Brace Rd, Cherry Hill, NJ 08034
      View Details
    • $1,375,000
      1,547 SF

      Established Dunkin' in Cherry Hill

      Long-term Dunkin' location with absolute NNN lease and high visibility.
      1860 Marlton Pike E, Cherry Hill, NJ
      View Details
    • $849,950
      3,500 SF

      Cherry Hill Office Building For Sale

      Premier office building on Route 70, fully leased.
      532 Rte 70 W, Cherry Hill, NJ
      View Details
    • $160,000

      Exceptional Move-In Ready Office Space

      Well-maintained flex space with modern upgrades and condominium ownership.
      1916 Old Cuthbert Rd, Cherry Hill, NJ 08034
      View Details
    • $445,000

      Commercial Property on Greentree Road

      Commercial property for sale with expansion opportunity in Cherry Hill.
      1868 Greentree Rd, Cherry Hill, NJ 08003
      View Details

    FAQs

    What type of property is this?
    Office building - 2,200 SF office building in Cherry Hill Shopping District.
    Where is this office building located?
    The property is located at 2306 Church Rd Cherry Hill, NJ.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Excellent location in the Cherry Hill Shopping District, close to major routes.; - Zoned B2 Commercial, allowing for a variety of business uses.; - Upgraded new interior throughout.
    (610) 937-0616
    Request Owner's contact information
    2306 Church Rd 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.
    2306 Church Rd
    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
    2306 Church Rd 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
    Jeffrey Sloan
    Jeffrey Sloan
    (610) 937-0616
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.