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

    408 Haddonfield Rd Cherry Hill, NJ 08002

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Cherry Hill automotive service center. High-traffic location.

    Lot size:
    7,800 SF

    Property Features for 408 Haddonfield Rd

    General Information

    Property type
    Specialty properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,800 SF
    Total Rate
    19500

    Building Details

    Year Renovated
    1987
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 408 Haddonfield Rd, Cherry Hill, NJ 08002 Contact us
    Unit

    $30 /Mo

    Size
    7,800 SF
    Contact us

    We can help!

    Listing Contact
    Marc Raiken
    Marc Raiken

    Listing Agency: Feinberg and McBurney Listing Agent: Marc Raiken

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 7,800 square foot single-tenant retail building presents a unique investment opportunity in the highly desirable Cherry Hill Mall area of Camden County, New Jersey. Situated at 408 Haddonfield Road, at the intersection of Route 38 and Haddonfield Road, directly across from the Cherry Hill Mall, this landmark property boasts a prominent location with exceptional visibility and accessibility. The building, constructed in 1987 and renovated in 1987, features a single story and comprises a total of 7,800 square feet, currently entirely vacant. The property is zoned B-2, allowing for a variety of automotive-related uses. The building's eight-bay configuration is ideal for an automotive service center, providing ample space for repairs and maintenance. This is a generational opportunity to acquire a well-established property in a thriving commercial area with high traffic counts and strong demographics. The address is 408 Haddonfield Road, Cherry Hill, NJ 08002. The property is located in the Cherry Hill Mall area submarket.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Hill
    County
    Camden
    State
    New Jersey
    Longitude
    -75.030115
    Latitude
    39.9398963

    Nearby Similar for Lease

    • $5,416 /Mo

      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
    • New
      $17,176 /Mo
      148,104 SF

      Restaurant/Retail Space in Cherry Hill

      High-traffic location suitable for restaurant or retail business.
      2458 Rt, Cherry Hill, NJ 08002
      View Details
    • $9,500 /Mo

      Cherry Hill Commercial Lease Opportunity

      Prime location for office or showroom with high visibility.
      1641 Marlton Pike E, Cherry Hill, NJ 08034
      View Details
    • Sponsored
      Contact for pricing

      Towne Park at Garden State

      Flexible workspace in West Loop 200 S. Wacker
      923 Haddonfield Rd, Cherry Hill, NJ 08002
      View Details
    • Sponsored
      Contact for pricing

      NJ, Cherry Hill - Kings Hwy

      Discover many ways to work your way in San Antonio Airport
      1040 Kings Hwy, Cherry Hill, NJ 08034
      View Details
    • $15,000 /Mo

      Commercial Space in Cherry Hill

      Retail property available for lease in Cherry Hill, New Jersey.
      1604 Route 70 W, Cherry Hill, NJ 08002
      View Details
    • $16 SF/Yr
      2,500 SF

      Prime Retail Space on Route 70

      Premier retail location in Cherry Hill Business District on Route 70.
      2075-2099 Rt 70 E, Cherry Hill, NJ
      View Details
    • $3,500 /Mo
      1,900 SF

      Cherry Hill Office Space Available

      Office space for lease in prime Cherry Hill location.
      100 Kings Hwy S, Cherry Hill, NJ
      View Details
    • $18 SF/Yr
      4,321 SF

      Cherry Hill Professional Office Space

      Second-floor office suites in a centrally located professional building.
      411 Nj-70, Cherry Hill, NJ
      View Details
    • $20 SF/Yr
      2,500 SF

      Cherry Hill Office Space Available

      100,000 SF office building near Philadelphia and Cherry Hill Mall.
      51 Haddonfield Rd, Cherry Hill, NJ
      View Details
    • $20 SF/Yr
      932 SF

      Cherry Hill Office Building

      Affordable office building with ample parking and convenient location.
      771 Cuthbert Rd, Cherry Hill, NJ
      View Details
    • Contact for pricing
      16,000 SF

      Retail/Office and Warehouse Space

      Retail/office and warehouse space available on Route 70.
      1811 Route 70 West, Cherry Hill, NJ 08002
      View Details

    FAQs

    What type of property is this?
    Specialty property - Prime Cherry Hill automotive service center. High-traffic location.
    Where is this specialty property located?
    The property is located at 408 Haddonfield Rd Cherry Hill, NJ.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 7,800 SF single-tenant retail building in Cherry Hill, NJ.; Located at 408 Haddonfield Road, at Route 38 and Haddonfield Road, across from Cherry Hill Mall.; Prominent location with high visibility and accessibility.
    Request Owner's contact information
    408 Haddonfield Rd Cherry Hill, NJ 08002
    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.
    408 Haddonfield Rd
    Cherry Hill, NJ 08002
    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
    408 Haddonfield Rd Cherry Hill, NJ 08002
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Marc Raiken
    Marc Raiken
    Real Estate License ID: 8933949
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!