Sign Up Successful!
You now have access to more from Realmo!
    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

    63 Kresson Rd Cherry Hill, NJ

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for lease in Cherry Hill, New Jersey.

    Property size:
    5,746 SF
    Lot size:
    1.57 Acres

    Property Features for 63 Kresson Rd

    General Information

    Size
    5,746 SF
    Lot size
    1.57 Acres

    We can help!

    Listing Contact
    Keith Mcclure
    Keith Mcclure
    Source: Moodyscre

    Listing Agent: Keith Mcclure

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

    Learn more

    Overview

    Office Space in Cherry Hill

    Office space is available for lease at Haddon Hill Professional Center, located at 63 Kresson Rd in Cherry Hill, New Jersey. The available square footage ranges from 1,676 to 11,394 square feet. The property size is 5,746 square feet.
    Location Intelligence

    Current Use by Public Records

    Office space

    Map

    City
    Cherry Hill
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0398622
    Latitude
    40.9287098

    Nearby Similar for Lease

    • $5,416 /Mo

      Cherry Hill Retail Space Available

      High-visibility retail space in a thriving Cherry Hill commercial 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
    • $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
    • Contact for pricing
      3,655 SF

      Cherry Hill Flex/Industrial Unit

      Flex/industrial unit for lease with offices and convenient access.
      2091 Springdale Rd, Cherry Hill, NJ
      View Details
    • Contact for pricing
      5,717 SF

      Cherry Hill Office Space Available

      Office spaces for lease in Cherry Hill, New Jersey.
      1810 Chapel Ave W, Cherry Hill, NJ
      View Details
    • $19 SF/Yr
      2,125 SF

      Retail Space on Route 70

      Established retail center with renovation plans on heavily trafficked Route.
      1990 Marlton Pike E, Cherry Hill, NJ
      View Details
    • Contact for pricing
      2,369 SF

      Cherry Hill Executive Office Space

      Six-story office building with modern amenities and convenient location.
      3 Executive Campus, 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
      1 SF

      Cherry Hill Medical Office Space

      Prime Medical Office: 3,000 SF Available
      226 Haddonfield Rd, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      18,518 SF

      Prime Retail Space in Cherry Hill

      Centrally located retail space with high visibility and convenient access.
      2100-2110 Rte, Cherry Hill, NJ
      View Details
    • Contact for pricing
      162,150 SF

      New Warehouse Distribution Facility

      162,150 SF warehouse with access to major transportation arteries.
      104 Woodcrest Rd, Cherry Hill, NJ 08003
      View Details
    • $21 SF/Yr
      1,796 SF

      Class A Office Space Available

      Premium office building in Cherry Hill's Golden Triangle.
      535 Rte, Cherry Hill, NJ
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for lease in Cherry Hill, New Jersey.
    Where is this office space located?
    The property is located at 63 Kresson Rd Cherry Hill, NJ.
    What are key features of this property?
    This property features: - Office space available for lease.; - Located at 63 Kresson Rd, Cherry Hill, New Jersey 08034.; - Located in Haddon Hill Professional Center.
    (856) 324-5300
    Request Owner's contact information
    63 Kresson Rd Cherry Hill, NJ
    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.
    63 Kresson Rd
    Cherry Hill, NJ
    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
    63 Kresson Rd Cherry Hill, NJ
    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
    Keith Mcclure
    Keith Mcclure
    Real Estate License ID: 0792957
    (856) 324-5300
    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.