Office Suites With Private
New
For Sale
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451 WOODLAND AVENUE, Cherry Hill, NJ 08002
Two second-floor spaces include separate reception or open-office areas, with shared kitchen and bathroom access.
Property Size600 SF
Price / SF$0.92
Days on Market6
Property Features for 451 WOODLAND AVENUE
General Information
Standard status
Active
Size
600 SF
Property subtype
Commercial
Additional Details
Floor
Second Floor
Office Units
2
Property Use
Office
Amenities
shared bathroom
kitchen
Building Details
Year Built
1971
Listing Agency:
Mendez Homes and Investments
(215) 291-2891
Listed By:
Grace M Velez · License #AB067674
(267) 259-4465
Source:
Cummingsrealtors
Added: Oct 28
Changed: Nov 1
Last Checked: Nov 1 at 4:55AM
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 Mendez Homes and Investments
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Two office suites occupy the second floor, each arranged with a private office and a separate reception or open-work area. Both have new flooring and use of a shared kitchen and bathroom. On-site parking is available.
The property is at 451 Woodland Avenue in Cherry Hill, along Route 38. The building was constructed in 1971.
The property is at 451 Woodland Avenue in Cherry Hill, along Route 38. The building was constructed in 1971.
Key Highlights
- Two second‑floor office suites, each with a private office and separate reception or open‑office area
- New flooring in both suites
- Shared kitchen and bathroom access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,419
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,380
$168.4K
Cap Rate 7%
$120,271
$120.3K
Cap Rate 9%
$93,544
$93.5K
Market Conditions
NOI Build-Up for 600 SF
Gross rent
$13.2K $21.96/SF
− Vacancy
−$2.0K −$3.25/SF
EGI
$11.2K $18.71/SF
− OpEx
−$2.8K −$4.68/SF
NOI
$8.4K $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%
$168,380
Cap Rate 7%
$120,271
Cap Rate 9%
$93,544
Alternative Uses
Best Use
Office B
$120.3K
$105.2K – $140.3K
NOI $8,419 @ 7.0% cap · market cap 1,530.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$152.1K
$133.1K – $177.5K
NOI $10,649 @ 7.0% cap · market cap 1,936.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
575
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Two second-floor spaces include separate reception or open-office areas, with shared kitchen and bathroom access.
Where is this office unit located?
The property is located at 451 WOODLAND AVENUE Cherry Hill, NJ.
What are key features of this property?
This property features: Two second‑floor office suites, each with a private office and separate reception or open‑office area; New flooring in both suites; Shared kitchen and bathroom access
