Industrial Land with Existing
For Sale
$850,000
1940 Old Cuthbert Rd, Cherry Hill, NJ 08034
Level commercial parcel with three-sided road exposure and an existing two-and-a-half-story building.
Property Size2,005 SF
Price / SF$423.94
Days on Market49
Property Features for 1940 Old Cuthbert Rd
General Information
Standard status
Active
Size
2,005 SF
Property subtype
Commercial
Listing Agency:
Re/Max Premier
(908) 872-5473
Listed By:
The Campusano Group
(646) 469-7874
Source:
Thecampusanogroup
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 3:45PM
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 Re/Max Premier
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Investment Insights
Based on property information with market context.
This 1.71-acre industrial land parcel includes a 2,005-square-foot, 2 1/2-story older structure that was formerly used as a residence. The site is level, carries an industrial restricted zoning designation, and includes road frontage along three sides. Some wetlands are present, and the property is being conveyed strictly as-is.
Located at 1940 Old Cuthbert Rd in Cherry Hill Twp., the property is close to the NJ Turnpike and Rt 295. The existing improvements and site configuration may accommodate commercial, business, office, automotive repair, self-storage, or small warehouse uses, subject to applicable approvals and restrictions.
Located at 1940 Old Cuthbert Rd in Cherry Hill Twp., the property is close to the NJ Turnpike and Rt 295. The existing improvements and site configuration may accommodate commercial, business, office, automotive repair, self-storage, or small warehouse uses, subject to applicable approvals and restrictions.
Key Highlights
- 1.71‑acre level lot
- 2,005 SQ FT older 2 1/2‑story structure
- Industrial restricted zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,618
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,360
$572.4K
Cap Rate 7%
$408,829
$408.8K
Cap Rate 9%
$317,978
$318.0K
Market Conditions
NOI Build-Up for 2,005 SF
Gross rent
$43.3K $21.60/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$40.9K $20.39/SF
− OpEx
−$12.3K −$6.12/SF
NOI
$28.6K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$572,360
Cap Rate 7%
$408,829
Cap Rate 9%
$317,978
Alternative Uses
Best Use
Retail
$408.8K
$357.7K – $477.0K
NOI $28,618 @ 7.0% cap · market cap 3.37%
Second Best
Warehouse
$390.4K
$341.6K – $455.5K
NOI $27,327 @ 7.0% cap · market cap 3.21%
Theoretical Best
Office A
$523.5K
$458.1K – $610.8K
NOI $36,648 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
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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 Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial land - Level commercial parcel with three-sided road exposure and an existing two-and-a-half-story building.
Where is this industrial land located?
The property is located at 1940 Old Cuthbert Rd Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 1.71‑acre level lot; 2,005 SQ FT older 2 1/2‑story structure; Industrial restricted zone
