Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    937 Church Rd Cherry Hill, NJ 08002
    Back to Search
    Property profile & analytics

    937 Church Rd, Cherry Hill, NJ 08002

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 937 Church Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail property, located at 937 Church Rd in Cherry Hill, NJ 08002, presents a prime investment opportunity. The property, known as the Cherry Hill Chopping Center, is a multi-tenant storefront totaling 46,855 square feet, with 31,787 square feet currently available for lease. Situated in Camden County, this location benefits from a highly visible position across from the bustling Cherry Hill Mall, ensuring significant foot traffic and brand exposure. The property boasts a newly renovated facade, enhancing its curb appeal and attracting potential customers. This makes it ideal for a variety of retail businesses seeking a high-traffic location with strong visibility. The ample square footage allows for flexible space planning to accommodate diverse business needs. The strategic location near the Cherry Hill Mall provides access to a large and established customer base. This is a rare opportunity to secure a prominent retail space in a thriving commercial area. The property's modern aesthetic and prime location combine to offer a compelling investment prospect for discerning businesses seeking to establish or expand their presence in the Cherry Hill market. Serious inquiries are encouraged to explore this exceptional retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Hill
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0233
    Latitude
    39.9464

    Comparable in this City

    • Value Estimation by Request
      9,000 SF

      2375 Nj-70

      Individual retail properties
      2375 Nj-70, Cherry Hill, NJ 08002
      View Details
    • Value Estimation by Request
      2,400 SF

      1410 Nj-38

      Restaurants
      1410 Nj-38, Cherry Hill, NJ 08002
      View Details
    • Value Estimation by Request
      209,035 SF

      2135 Rte 38 & Haddonfield Rd

      Lifestyle centers
      2135 Rte 38 & Haddonfield Rd, Cherry Hill, NJ 08002
      View Details
    • Value Estimation by Request
      418,811 SF

      2100 Nj-38

      Retail properties & Spaces
      2100 Nj-38, Cherry Hill, NJ 08002
      View Details
    • Value Estimation by Request
      0.80 Acres

      2426-2428 Nj-38

      Medical Office Space
      2426-2428 Nj-38, Cherry Hill, NJ 08002
      View Details
    • Value Estimation by Request
      3,120 SF

      1811 Nj-70

      Retail properties & Spaces
      1811 Nj-70, Cherry Hill, NJ 08002
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Space Available For Sale

      Retail space with dedicated entrance and shared parking.
      314 Haddonfield Rd, Cherry Hill Township, NJ 08002
      View Details
    • Contact for pricing
      40,946 SF

      Retail Property on Route 70

      Retail property available for sale on Route 70.
      2301-2311 Route 70 West, Cherry Hill, NJ 08002
      View Details
    • $4,600,000
      22,000 SF

      Retail and Warehouse Buildings For Sale

      Retail and warehouse buildings in Cherry Hill, NJ, near Philadelphia.
      1612&1604 Rte 70 W, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      21,923 SF

      Retail and Showroom Building

      Visible retail or showroom space with rear loading access on a major corridor near established shopping anchors.
      1602 Route 70 W, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      3,372 SF

      Cherry Hill Retail Investment Opportunity

      NNN leased bank branch with strong demographics and traffic counts.
      475 Haddonfield Rd, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing

      Super-Regional Shopping Center Available

      Super-regional shopping center with transit access in Cherry Hill, NJ.
      Rte 70 & Cornell Ave, Cherry Hill, NJ 08002
      View Details

    Similar Nearby for Lease

    • New
      $10,000 /Mo

      Retail Storefront Space for Lease

      Retail space available for lease at 1604 Route 70 W in Cherry Hill, NJ.
      1604 Route 70 W, Cherry Hill, NJ 08002
      View Details
    • $17,176 /Mo
      148,104 SF

      Restaurant/Retail Space in Cherry Hill

      High-traffic location suitable for restaurant or retail business.
      2458 Rt 38, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Available For Lease

      Retail space available for lease, offering 3,120 square feet.
      1811 Route 70 W, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space Near Cherry Hill

      Retail space available across from Cherry Hill Mall.
      216 Haddonfield Rd, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      17,309 SF

      Prime Retail Space in Cherry Hill

      Centrally located retail space with high visibility and convenient access.
      2100-2110 Route 38, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing

      Two-Story Building on Route 70

      8,000 SF two-story building on Route 70 available for rent.
      2101 Route 70 W, Cherry Hill, NJ 08002
      View Details
    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.
    937 Church 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
    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

    Thank You for Inquiry
    937 Church Rd, Cherry Hill, NJ, 08002
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!