Four-Unit Retail/Office/Flex
For Sale
Contact for pricing
2070 SPRINGDALE RD, Cherry Hill, NJ
Four-unit retail/office/flex building with road frontage and visibility, acting as the entry to Cherry Hill Industrial Center.
Property Size23,000 SF
Price / SF$202.17
Days on Market97
Property Features for 2070 SPRINGDALE RD
General Information
Standard status
Active
Size
23,000 SF
Property subtype
Retail, Office, Industrial
Zoning
IR
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$329,000
Building Details
Year Built
1964
Year Renovated
2003
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Feinberg and McBurney
Listed By:
Marc Raiken · License #NJ 8933949
Source:
Crexi
Added: Jun 2
Changed: Aug 26
Last Checked: Sep 2 at 7:14PM
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 Feinberg and McBurney
Investment Insights
Based on property information with market context.
This property is a four-unit retail/office/flex building designed for mixed-use tenancy. It offers frontage and visibility from the street, supporting flexible operational needs across its different units. The building is positioned to function as a commercial front door within a larger industrial setting.
Located at 2070 SPRINGDALE RD, CHERRY HILL, NJ, the property benefits from its presence on Springdale Road. The seller describes it as the front door to the Cherry Hill Industrial Center, with the units oriented toward drive-by exposure and easy customer/visitor approach.
For buyers or operators, this configuration can appeal to businesses seeking a multi-tenant platform that combines retail-facing presence with office and flex options. The frontage and visibility characteristics make it practical for tenants that benefit from public awareness, while the overall mix of retail, office, and flex space supports flexible leasing strategies for a range of commercial users within the Cherry Hill Industrial Center environment.
Located at 2070 SPRINGDALE RD, CHERRY HILL, NJ, the property benefits from its presence on Springdale Road. The seller describes it as the front door to the Cherry Hill Industrial Center, with the units oriented toward drive-by exposure and easy customer/visitor approach.
For buyers or operators, this configuration can appeal to businesses seeking a multi-tenant platform that combines retail-facing presence with office and flex options. The frontage and visibility characteristics make it practical for tenants that benefit from public awareness, while the overall mix of retail, office, and flex space supports flexible leasing strategies for a range of commercial users within the Cherry Hill Industrial Center environment.
Key Highlights
- Four‑unit retail/office/flex building
- Road frontage and visibility on Springdale Road
- Acts as the entry to the Cherry Hill Industrial Center
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
$328,285
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
7.06%
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%
$6,565,700
$6.6M
Cap Rate 7%
$4,689,786
$4.7M
Cap Rate 9%
$3,647,611
$3.6M
Market Conditions
NOI Build-Up for 23,000 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
$496.8K $21.60/SF
− Vacancy
−$27.8K −$1.21/SF
EGI
$469.0K $20.39/SF
− OpEx
−$140.7K −$6.12/SF
NOI
$328.3K $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 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%
$6,565,700
Cap Rate 7%
$4,689,786
Cap Rate 9%
$3,647,611
Alternative Uses
Best Use
Retail
$4.69M
$4.10M – $5.47M
NOI $328,285 @ 7.0% cap · market cap 7.06%
Second Best
Flex RnD
$4.34M
$3.79M – $5.06M
NOI $303,545 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$6.01M
$5.26M – $7.01M
NOI $420,403 @ 7.0% cap · market cap 9.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Four-unit retail/office/flex building with road frontage and visibility, acting as the entry to Cherry Hill Industrial Center.
Where is this flex space located?
The property is located at 2070 SPRINGDALE RD Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $4,650,000.
What are key features of this property?
This property features: Four‑unit retail/office/flex building; Road frontage and visibility on Springdale Road; Acts as the entry to the Cherry Hill Industrial Center
