Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1153 Marlkress Rd Cherry Hill, NJ 08003

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $339,000

    Renovated commercial property near Route 73, offering versatile potential.

    Lot size:
    0.45 Acres

    Property Features for 1153 Marlkress Rd

    General Information

    Standard status
    Active
    Lot size
    0.45 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Haci R Kose
    Source: Exitrealty

    Listing Agency: RE/MAX Of Cherry Hill Listing Agent: Haci R Kose

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

    Learn more

    Overview

    Renovated Versatile Commercial Oasis

    This renovated commercial property is located steps away from Route 73. The property is currently configured as a stylish office space featuring three spacious rooms, one full bathroom, and six convenient half bathrooms. The flexible zoning allows for residential use, offering the potential to transform the property into a stunning urban retreat or upscale living quarters. The property offers a blend of contemporary upgrades and timeless appeal.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

    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
    -74.9719
    Latitude
    39.883

    Nearby Similar for Sale

    • $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
    • $155,000
      1,025 SF

      CHERRY HILL Office For Sale

      Office space with reception area, close to retail shopping.
      1165--B Marlkress Rd, Cherry Hill, NJ 08003
      View Details
    • $155,000
      1,025 SF

      Cherry Hill Office For Sale

      Office space with reception area, close to major routes.
      1165--B Marlkress Rd, Cherry Hill, NJ 08003
      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
    • $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
    • Contact for pricing

      Single-Story Building Near Route 38

      2,400 SF building on 0.24 acre lot near Route 38.
      2409 Church Rd, Cherry Hill, NJ 08002
      View Details
    • New
      Contact for pricing

      Customizable Office Space Available

      Office space for rent with build-to-suit options and utilities included.
      2020 Fairfax Ave, Cherry Hill, NJ 08003
      View Details
    • New
      Contact for pricing

      Customizable Office Space Available

      Office space for lease with flexible layout and storage.
      2020 Fairfax Ave, Cherry Hill, NJ 08003
      View Details
    • $550,000

      Cherry Hill Office Building For Sale

      2,200 SF office building in Cherry Hill Shopping District.
      2306 Church Rd, Cherry Hill, NJ 08002
      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
    • Contact for pricing
      1,200 SF

      Retail Space on Route 70

      Retail space for lease or ground lease on Route 70.
      1845 Marlton Pike E, Cherry Hill, NJ
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated commercial property near Route 73, offering versatile potential.
    Where is this office units located?
    The property is located at 1153 Marlkress Rd Cherry Hill, NJ.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: - Prime location steps from Route 73; - Flexible zoning allows for commercial or residential use; - Renovated property with modern charm
    (856) 246-7408
    Request Owner's contact information
    1153 Marlkress Rd Cherry Hill, NJ 08003
    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.
    1153 Marlkress Rd
    Cherry Hill, NJ 08003
    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
    1153 Marlkress Rd Cherry Hill, NJ 08003
    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
    Haci R Kose
    Real Estate License ID: NJ8048691
    (856) 246-7408 (856) 220-5099 (856) 424-4040
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!