Professional Office
For Sale
Contact for pricing
1840 FRONTAGE ROAD #104, Cherry Hill, NJ 08034
Flexible professional suite with reception space, private offices, conference area, kitchenette, and restroom.
Property Size1,426 SF
Price / SF$1.84
Days on Market78
Property Features for 1840 FRONTAGE ROAD #104
General Information
Standard status
Active
Size
1,426 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1973
Listing Agency:
Better Homes and Gardens Real Estate Realty Connect
(856) 316-0777
Listed By:
Jeanine Carrillo · License #2298332
(609) 781-6477
Source:
Cummingsrealtors
Added: Aug 6
Changed: Oct 21
Last Checked: Oct 20 at 9:25PM
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 Better Homes and Gardens Real Estate Realty Connect
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Investment Insights
Based on property information with market context.
Suite 104 is a 1,426 SF office condominium at 1840 Frontage Road in Cherry Hill. The interior includes a reception and waiting area, several private offices, a conference or flex room, kitchenette and break area, plus a private restroom. Central air is provided, and the property was built in 1973.
The office is positioned along the Route 70 business corridor, with access to Route 70, I-295, Route 38, and the New Jersey Turnpike. The layout is suited to professional office operations, including legal, accounting, insurance, consulting, medical, and counseling practices. The property is identified as having no parking.
The office is positioned along the Route 70 business corridor, with access to Route 70, I-295, Route 38, and the New Jersey Turnpike. The layout is suited to professional office operations, including legal, accounting, insurance, consulting, medical, and counseling practices. The property is identified as having no parking.
Key Highlights
- 1,426 SF office condominium in Suite 104
- Reception and waiting area with multiple private offices
- Conference or flex room, kitchenette, and private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,818
Suggested Prices Based on Cap Rates
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
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 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 831.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$372.4K
$325.8K – $434.4K
NOI $26,065 @ 7.0% cap · market cap 992.95%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,277
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible professional suite with reception space, private offices, conference area, kitchenette, and restroom.
Where is this office unit located?
The property is located at 1840 FRONTAGE ROAD #104 Cherry Hill, NJ.
What are key features of this property?
This property features: 1,426 SF office condominium in Suite 104; Reception and waiting area with multiple private offices; Conference or flex room, kitchenette, and private restroom
