Office Building With Open
For Sale
$550,000
41 KINGS HIGHWAY N, Cherry Hill, NJ 08034
Multi-level office property with private offices, conference rooms, kitchen facilities, deck, and basement storage or workspace.
Property Size2,960 SF
Days on Market119
Property Features for 41 KINGS HIGHWAY N
General Information
Standard status
Active
Size
2,960 SF
Total Parking Spaces
20
Property subtype
Office
Additional Details
Asking Price
$550,000
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$14,417
Building Details
Building Size
2,960 SF
Year Built
1966
Buildings
1
Listing Agency:
Weichert Realtors-Cherry Hill
(609) 458-2896
Listed By:
Carolyn C Fulginiti · License #1220574
(609) 458-2896
Source:
Patmckennarealtors
Added: Apr 20
Changed: Aug 15
Last Checked: Aug 15 at 1:05PM
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 Weichert Realtors-Cherry Hill
Investment Insights
Based on property information with market context.
This office building provides a multi-level configuration with a mix of private offices, conference rooms, open workspace, and support areas. The main level includes reception, two private offices, a large conference room, printer room, guest bathroom, and rear vestibule. The upper level adds two private offices, another conference room with an attached full bathroom, an open-concept office area, full kitchen, second full bathroom, and outdoor deck. A large basement offers additional storage, office, or training space.
The property includes an 18-car parking lot, accessibility ramp, and 2-car garage for parking and storage. Built in 1966, it is located at 41 Kings Highway N in Cherry Hill, with access to Routes 70, 73, and 295. Philadelphia is described as a 15-minute drive from the property.
The property includes an 18-car parking lot, accessibility ramp, and 2-car garage for parking and storage. Built in 1966, it is located at 41 Kings Highway N in Cherry Hill, with access to Routes 70, 73, and 295. Philadelphia is described as a 15-minute drive from the property.
Key Highlights
- 18‑car parking lot with accessibility ramp
- 2‑car garage provides additional parking or storage
- Multiple private offices and conference rooms across two levels
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
$45,288
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
8.23%
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%
$905,760
$905.8K
Cap Rate 7%
$646,971
$647.0K
Cap Rate 9%
$503,200
$503.2K
Market Conditions
NOI Build-Up for 2,960 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
$88.8K $30.00/SF
− Vacancy
−$28.4K −$9.60/SF
EGI
$60.4K $20.40/SF
− OpEx
−$15.1K −$5.10/SF
NOI
$45.3K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$905,760
Cap Rate 7%
$646,971
Cap Rate 9%
$503,200
Alternative Uses
Best Use
Office B
$647.0K
$566.1K – $754.8K
NOI $45,288 @ 7.0% cap · market cap 8.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$772.9K
$676.3K – $901.7K
NOI $54,104 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,364
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-level office property with private offices, conference rooms, kitchen facilities, deck, and basement storage or workspace.
Where is this office building located?
The property is located at 41 KINGS HIGHWAY N 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: 18‑car parking lot with accessibility ramp; 2‑car garage provides additional parking or storage; Multiple private offices and conference rooms across two levels
