Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Voorhees Industrial Property with Drive-Ins Title is generated by Realmo AI

    200 Cherry St, Voorhees, NJ

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    8,060 SF industrial building with multiple drive-in doors.

    Type:INDUSTRIAL
    Property size:
    8,060 SF
    Lot size:
    1.27 Acres
    Added:
    Mar 6, 2024
    Days on Market:
    822
    Last Refresh:
    May 20 at 9:46 pm

    Property Features for 200 Cherry St

    General Information

    Standard status
    Active
    Size
    8,060 SF
    Lot size
    1.27 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Mike Torsiello
    Mike Torsiello

    Listing agent Mike Torsiello

    Listing office Binswanger - Corporate

    Listing date Mar 6, 2024

    Source Moodyscre

    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 Binswanger - Corporate

    HighLights

    • 8,060 SF facility on 1.21 acres provides ample space.
    • Six Drive‑In Doors (various sizes) and Two Drive‑Thrus offer versatile loading and access.
    • High bay area with 20’ clear ceiling height suitable for various industrial uses.
    • Zoned EIB Economic Industrial Business (Voorhees Township) allows for a wide range of business operations.
    • 1,000 SF of office space available.
    • Convenient access to public transportation: Ashland Train Station, Buses 403, 451, & 459.

    Overview

    This 8,060 square foot industrial property is situated on 1.21 acres. The building includes 1,000 square feet of office space, which is located on the second story and is not included in the rentable square footage. The property features a low bay area constructed of masonry and concrete block over steel framing with a ceiling height of 10 feet 8 inches clear. The low bay area has three 10-foot by 10-foot drive-in doors, one of which is a drive-thru. The high bay area is constructed of prefabricated metal panels and has a ceiling height of 20 feet clear. The high bay area includes four 14-foot by 16-foot drive-in doors, two of which are drive-thrus, and one additional 14-foot by 16-foot drive-in door. Heating is provided by infrared gas-fired space heaters, and ventilation fans are installed. There are twenty-five unmarked surface parking spaces. The property is zoned EIB Economic Industrial Business in Voorhees Township. Public transportation is accessible via the Ashland Train Station and Buses 403, 451, and 459. Estimated 2022 taxes were $15,310.60.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Voorhees
    County
    State
    New Jersey
    Longitude
    -74.5229
    Latitude
    40.4934

    Nearby Similar for Sale

    • $649,900
      1,200 SF

      Freestanding Office on High-Traffic Road

      Immaculate office building with separate parking on Haddonfield Berlin Road.
      1228 BERLIN, VOORHEES, NJ 08043
      View Details
    • $195,000
      2,000 SF

      Voorhees Medical/Office Condo For Sale

      2000 SF condo, ideal for dental or medical practice.
      1 BRITTON Place, VOORHEES, NJ 08043
      View Details
    • $210,000

      Voorhees Office Space For Sale

      Professional office space in a vibrant Camden County location.
      2301 E EVESHAM AVE, VOORHEES, NJ 08043
      View Details
    • $1,500
      1,350 SF

      Voorhees Office Space Available

      1,350 Sq. Ft. office space for lease.
      502 BERLIN ROAD, VOORHEES, NJ 08043
      View Details
    • $430,000
      2,475 SF

      Medical Suite with Upgrades

      Upgraded medical suite near hospitals in central Voorhees, NJ.
      502 & 503 Sheppard Road, Voorhees, NJ 08043
      View Details
    • Contact for pricing

      Freestanding Retail Showroom Near Eagle Plaza

      Retail/showroom space adjacent to the bustling Eagle Plaza.
      603 Haddonfield Berlin Road, Voorhees, NJ 08043
      View Details
    • Contact for pricing

      Existing Freestanding Retail/Showroom Opportunity

      Freestanding retail/showroom property available for sale.
      603 Haddonfield Berlin Road, Voorhees, NJ 08043
      View Details
    • Contact for pricing

      Flex Condo Unit with Drive-In Loading

      Modern flex condo unit in a six-building complex, featuring 20-foot clear warehouse ceilings and drive-in access.
      242 Terrace Boulevard, Voorhees, NJ 08043
      View Details
    • $260,000
      2,912 SF

      Voorhees Commercial Building For Sale

      Two-story commercial building in Voorhees, NJ, with tenant in place.
      175 WHITE HORSE Road, VOORHEES, NJ 08043
      View Details
    • Contact for pricing
      21,366 SF

      Warehouse and Flex Space

      For-sale warehouse and flex property offering over 21,000 SF for light industrial or flexible commercial use.
      1224 HADDONFIELD BERLIN RD, VOORHEES, NJ
      View Details
    • $260,000
      2,912 SF

      Two-Story Building Near Voorhees Town

      Two-story building near transit and Voorhees Town Center.
      175 WHITE HORSE ROAD, VOORHEES, NJ 08043
      View Details
    • $90,000
      1,006 SF

      Spacious Loft Condo with Balcony

      Two-bedroom, two-bathroom loft condo with cathedral ceilings and balcony.
      2302 SANDRA ROAD, VOORHEES, NJ 08043
      View Details

    FAQs

    What type of property is this?
    Warehouse - 8,060 SF industrial building with multiple drive-in doors.
    Where is this warehouse located?
    The property is located at 200 Cherry St Voorhees, NJ.
    What are key features of this property?
    This property features: 8,060 SF facility on 1.21 acres provides ample space.; Six Drive‑In Doors (various sizes) and Two Drive‑Thrus offer versatile loading and access.; High bay area with 20’ clear ceiling height suitable for various industrial uses.
    (215) 448-6210 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mike Torsiello
    Mike Torsiello
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    200 Cherry St, Voorhees, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!