Residential Property with Private
For Sale
$460,000
4021 DERBY COURT, Cherry Hill, NJ 08002
A three-bedroom, two-bath residence combines a balcony-access primary suite with shared pool, clubhouse, and fitness amenities.
Property Size1,453 SF
Days on Market9
Property Features for 4021 DERBY COURT
General Information
Standard status
Active
Size
1,453 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,331
Amenities
resort-style swimming pool
clubhouse
fitness center
walking paths
in-unit laundry
balcony
Building Details
Building Size
1,453 SF
Year Built
2012
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Chanel T Jackson · License #2076228
(856) 536-2971
Source:
Patmckennarealtors
Added: Sep 24
Changed: Sep 26
Last Checked: Oct 1 at 4:33PM
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 Keller Williams Realty - Moorestown
Investment Insights
Based on property information with market context.
This 2012 residence has three bedrooms and two full bathrooms. Cherry wood flooring and cabinetry, granite countertops, stainless steel appliances, and a breakfast bar define the kitchen and living area. The primary suite includes a walk-in closet, private bath with dual vanities, soaking tub and separate shower, plus balcony access. In-unit laundry, storage, and a one-car garage with interior building access round out the layout.
Community amenities include a swimming pool, clubhouse, fitness center, and walking paths. Nearby destinations named include Cherry Hill Mall, Wegmans, Trader Joe’s, Costco, and several restaurants and retailers. Major highway access and Philadelphia are also noted as convenient connections.
Community amenities include a swimming pool, clubhouse, fitness center, and walking paths. Nearby destinations named include Cherry Hill Mall, Wegmans, Trader Joe’s, Costco, and several restaurants and retailers. Major highway access and Philadelphia are also noted as convenient connections.
Key Highlights
- Three bedrooms and two full bathrooms
- One‑car private garage with interior building access
- Primary suite offers balcony access, a walk‑in closet, and an en‑suite bath
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
$14,756
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
3.21%
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%
$295,120
$295.1K
Cap Rate 7%
$210,800
$210.8K
Cap Rate 9%
$163,956
$164.0K
Market Conditions
NOI Build-Up for 1,453 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
$28.4K $19.56/SF
− Vacancy
−$1.6K −$1.10/SF
EGI
$26.8K $18.46/SF
− OpEx
−$12.1K −$8.31/SF
NOI
$14.8K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
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%
$295,120
Cap Rate 7%
$210,800
Cap Rate 9%
$163,956
Alternative Uses
Best Use
Apartment 5plus
$210.8K
$184.5K – $245.9K
NOI $14,756 @ 7.0% cap · market cap 3.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$368.4K
$322.4K – $429.8K
NOI $25,789 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,300
Businesses Nearby
Explore this area
Business Placement
Demographics for 08002, NJ
23,920
Population
9,967
Households
2.4
Avg Household Size
41
Median Age
46%
College-Educated
92%
High-School Grad
7.2 sq mi
ZIP Area
3,322
Density / Sq Mi
$105,523
Median Household Income
$56,963
Median Earnings
$1,895
Median Rent
$301,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom, two-bath residence combines a balcony-access primary suite with shared pool, clubhouse, and fitness amenities.
Where is this residential income property located?
The property is located at 4021 DERBY COURT Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Three bedrooms and two full bathrooms; One‑car private garage with interior building access; Primary suite offers balcony access, a walk‑in closet, and an en‑suite bath
