Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7 Carnegie Plaza Cherry Hill, NJ 8003

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9 SF/Yr

    Sublease opportunity in Cherry Hill with infrastructure for 700+ employees.

    Type:Office
    Property size:
    80,000 SF
    Added:
    Mar 5, 2026
    Days on Market:
    27
    Last Refresh:
    Mar 25 at 9:00 pm

    Property Features for 7 Carnegie Plaza

    General Information

    Standard status
    Active
    Size
    80,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 7 Carnegie Plaza Contact us

    We can help!

    Listing Contact
    Jason Wolf
    Jason Wolf

    Listing agent Jason Wolf License #PA #RM422074

    Listing office Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey

    Listing date Mar 5, 2026

    Source Corfac

    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 Wolf Commercial Real Estate, LLC/CORFAC International | New Jersey

    Overview

    Sublease Office Space in Cherry

    A sublease opportunity offers between 20,000 and 80,000 square feet of space. The property is currently used as a headquarters for a large corporation and includes infrastructure to support over 700 employees. Executive suites and a cafeteria are present on site, along with abundant parking. The location is in Cherry Hill, a Philadelphia suburb, within a dense commercial office cluster. The property is located near Route 70, Route 295, and the New Jersey Turnpike (Exit 4), providing regional access.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Hill
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.9719
    Latitude
    39.883

    Nearby Similar for Lease

    • Contact for pricing

      Prime Retail/Office Space on Route 70

      High-visibility commercial space in Cherry Hill's thriving business corridor.
      2093 MARLTON PIKE E, CHERRY HILL, NJ 08003
      View Details
    • Contact for pricing

      Cherry Hill Commercial Lease Opportunity

      Prime location for office or showroom with high visibility.
      1641 MARLTON PIKE E, CHERRY HILL, NJ 08034
      View Details
    • Contact for pricing

      Restaurant/Retail Space in Cherry Hill

      High-traffic location suitable for restaurant or retail business.
      2458 RT 38, CHERRY HILL, NJ 08002
      View Details
    • $1.00/mo

      Cherry Hill Office Space Available

      Unique 6,625 sqft office space for lease.
      226 Haddonfield Road, Cherry Hill, NJ 08002
      View Details
    • $1.00/mo

      Prime Retail Space Available

      2,240 SF retail space in Cherry Hill, NJ.
      2076 Route 70 East, Cherry Hill, NJ 08003
      View Details
    • $10/mo

      Industrial Building on Large Lot

      5,000 SF industrial building on 1.5 acres for rent.
      23 Hassemer Avenue, Cherry Hill, NJ 08002
      View Details
    • $1.00/mo

      Office Space in Central Business District

      Office space for rent in Cherry Hill's Central Business District.
      1949 Marlton Pike, Cherry Hill, NJ 08003
      View Details
    • $19/mo

      Cherry Hill Professional Office Space

      Professional office space available for lease in Cherry Hill.
      496 North Kings Highway, Cherry Hill, NJ 08034
      View Details
    • $9/mo

      Cherry Hill Office Space Available

      Office space available for lease in Cherry Hill, New Jersey.
      53 Haddonfield Road, Cherry Hill, NJ 08002
      View Details
    • $20/mo

      96,000 SF Office Building

      Office building in Cherry Hill, minutes from Philadelphia.
      51 Haddonfield Road, Cherry Hill, NJ 08002
      View Details
    • $7/mo

      Industrial Space Near NJ Turnpike

      Sublease opportunity with convenient access to the NJ Turnpike.
      1931 Olney Ave, Cherry Hill, NJ 08003
      View Details
    • Contact for pricing

      Class AAA Office Space Available

      Premier office space in Cherry Hill with Philadelphia views.
      457 Haddonfield Road, Cherry Hill, NJ, 08002
      View Details

    FAQs

    What type of property is this?
    Office building - Sublease opportunity in Cherry Hill with infrastructure for 700+ employees.
    Where is this office building located?
    The property is located at 7 Carnegie Plaza Cherry Hill, NJ.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Sublease available in a desirable Philadelphia suburb (Cherry Hill); Space suitable for a large corporation headquarters; Infrastructure in place for over 700 employees
    (856) 857-6301
    We can help!
    Listing Contact
    Jason Wolf
    Jason Wolf
    Real Estate License ID: PA #RM422074
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!