Building Details

Building Size 4,650 SF

Listing Agency: NAI Mertz - Corporate

Listed By: Joe Riggs Show Phone

Source: Naiglobal

Added: Nov 21, 2025 Changed: Aug 8 Last Checked: May 9 at 1:56AM

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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

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Investment Insights

Based on property information with market context.

This single-story professional office building features six private offices, two conference room/training areas, a kitchen, and two bathrooms. The property includes a full, unfinished, sprinklered basement. There are 25 parking spots available, including two handicap spaces. The building is handicap accessible from both the front and back. It is located in Cherry Hill Township, NJ, with close proximity to Route 70 and convenient access to major highways. The surrounding community offers a blend of residential charm and business opportunities. Kings Highway provides dining options, boutique shops, and cultural experiences. The Barclay Farmstead Museum and Cherry Hill Mall are also nearby. The 2025 taxes are $26,441.87. Showings are by appointment only. This location presents an exceptional opportunity for investors seeking a prime commercial real estate location.

Key Highlights

• Close proximity to Route 70 and Philadelphia, offering convenient access and high visibility.
• 25 parking spots including 2 handicap spots and handicap accessibility (front and back) for ease of access for all.
• Single‑story professional office layout with 6 private offices and 2 conference/training areas.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,251

Cap Rate

5.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,305,020 $1.3M

Cap Rate 7%

$932,157 $932.2K

Cap Rate 9%

$725,011 $725.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,650 SF

Gross rent

$102.1K $21.96/SF

− Vacancy

−$15.1K −$3.25/SF

EGI

$87.0K $18.71/SF

− OpEx

−$21.8K −$4.68/SF

NOI

$65.3K $14.03/SF

Area

Camden County, NJ

Vacancy

14.80%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,305,020

Cap Rate 7%

$932,157

Cap Rate 9%

$725,011

Alternative Uses

Best Use

Office B

$932.2K

$815.6K – $1.09M (±1% cap)

NOI $65,251 @ 7.0% cap · market cap 5.46%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.18M

$1.03M – $1.38M (±1% cap)

NOI $82,532 @ 7.0% cap · market cap 6.91%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Auto Parts Store Auto Repair Shop Parking Lot & Garage Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office building - Single-story office building with private offices and ample parking.

Where is this office building located?

The property is located at 306 Kings Highway South Cherry Hill Township, NJ.

What is the asking price?

The asking price for this property is $1,195,000.

What are key features of this property?

This property features: Close proximity to Route 70 and Philadelphia, offering convenient access and high visibility.; 25 parking spots including 2 handicap spots and handicap accessibility (front and back) for ease of access for all.; Single‑story professional office layout with **6 private offices and 2 conference/training areas.**