Cherry Hill Commercial Building For
2306 Church Rd, Cherry Hill, NJ
Commercial building in Cherry Hill Shopping District, suitable for various businesses.
Type:OFFICE
Property size:
2,200 SFLot size:
1.53 AcresPrice / SF:
$250/SF- Added:
- Sep 29, 2025
- Days on Market:
- 231
- Last Refresh:
- Apr 5 at 10:39 pm
Property Features for 2306 Church Rd
General Information
- Standard status
- Active
- Size
- 2,200 SF
- Lot size
- 1.53 Acres
- Property subtype
- OFFICE
Listing agent Jeffrey Sloan (610) 937-0616
Listing office NAI Mertz - Corporate (610) 937-0616
Listing date Sep 29, 2025
Source Moodyscre
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 NAI Mertz - Corporate
HighLights
- Zoned B2 Commercial, allowing for a variety of business uses.
- 0.9 acres of usable ground.
- Located in the Cherry Hill Shopping District.
- ¼ mile to Route 38, the Cherry Hill Mall, and the Haddonfield Rd retail corridor.
- Upgraded new interior throughout.
Overview
This commercial building features upgraded new interiors throughout and is situated on 0.9 acres of usable ground. It is zoned B2 Commercial, which allows for a variety of business uses. The property is located in the Cherry Hill Shopping District and is approximately 0.25 miles from Route 38, the Cherry Hill Mall, and the Haddonfield Rd retail corridor. The building has a property size of 2200 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$374.0K
NOI $33,660 @ 9.00% cap · cautious / downside scenario
Moderate
$480.9K
NOI $33,660 @ 7.00% cap · market / base-case scenario
Aggressive
$673.2K
NOI $33,660 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.0k | $30.00 |
| − Vacancy | −$21.1k | −$9.60 |
| EGI | $44.9k | $20.40 |
| − OpEx | −$11.2k | −$5.10 |
| NOI | $33.7k | $15.30 |
2,200 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$480.9K
$420.8K – $561.0K
NOI $33,660 @ 7.0% cap · market cap 6.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$574.5K
$502.7K – $670.2K
NOI $40,212 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Office buildings
Location Insight
- Map
- Local Demand
- City
- Cherry Hill
- County
- Bergen
- State
- New Jersey
- Longitude
- -74.0399
- Latitude
- 40.9287
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Commercial building in Cherry Hill Shopping District, suitable for various businesses.
Where is this office building located?
The property is located at 2306 Church Rd Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Zoned B2 Commercial, allowing for a variety of business uses.; 0.9 acres of usable ground.; Located in the Cherry Hill Shopping District.
