Professional Office
For Sale
$249,900
1840 FRONTAGE Road, Cherry Hill, NJ 08034
Commercial Sale, CHERRY HILL, NJ
Property Size1,426 SF
Price / SF$175.25
Days on Market24
Property Features for 1840 FRONTAGE Road
General Information
Property type
Other
Property subtype
Office
Subdivision
NONE AVAILABLE
Elementary school district
CHERRY HILL TOWNSHIP PUBLIC SCHOOLS
Middle school district
CHERRY HILL TOWNSHIP PUBLIC SCHOOLS
High school district
CHERRY HILL TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Taxes and HOA fees
Tax Annual Amount
3958
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1973
Building materials
Brick
Listing Agency:
Better Homes and Gardens Real Estate Maturo
(856) 316-0777
Listed By:
Jeanine Carrillo · License #2298332
(609) 781-6477
Added: Aug 6
Changed: Aug 19
Last Checked: Aug 29 at 6:06PM
MLS# NJCD2124230
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Suite 104 is a 1,426+/- SF office condominium within a brick building constructed in 1973. The interior includes a reception and waiting area, several private offices, a conference or flexible-use room, kitchenette and break area, plus a private restroom. Central heating and central air support year-round office operations.
The property is positioned along the Route 70 business corridor in Cherry Hill, with access to Route 70, I-295, Route 38, and the New Jersey Turnpike. Its configuration is suited to professional office operations, including legal, accounting, insurance, consulting, medical, and counseling practices.
The property is positioned along the Route 70 business corridor in Cherry Hill, with access to Route 70, I-295, Route 38, and the New Jersey Turnpike. Its configuration is suited to professional office operations, including legal, accounting, insurance, consulting, medical, and counseling practices.
Key Highlights
- 1,426+/- SF professional office condominium at 1840 FRONTAGE Road, Suite 104
- Reception and waiting area with multiple private offices
- Conference or flex room, kitchenette/break area, and private restroom
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
$21,818
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
8.73%
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%
$436,360
$436.4K
Cap Rate 7%
$311,686
$311.7K
Cap Rate 9%
$242,422
$242.4K
Market Conditions
NOI Build-Up for 1,426 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
$42.8K $30.00/SF
− Vacancy
−$13.7K −$9.60/SF
EGI
$29.1K $20.40/SF
− OpEx
−$7.3K −$5.10/SF
NOI
$21.8K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /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%
$436,360
Cap Rate 7%
$311,686
Cap Rate 9%
$242,422
Alternative Uses
Best Use
Office B
$311.7K
$272.7K – $363.6K
NOI $21,818 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.4K
$325.8K – $434.4K
NOI $26,065 @ 7.0% cap · market cap 10.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,124
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 units - Flexible office suite with reception, private offices, conference space, kitchenette, and a private restroom.
Where is this office units located?
The property is located at 1840 FRONTAGE Road Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 1,426+/- SF professional office condominium at 1840 FRONTAGE Road, Suite 104; Reception and waiting area with multiple private offices; Conference or flex room, kitchenette/break area, and private restroom
