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    300 Kresson Rd Cherry Hill, NJ 08034

    • Commercial real estate
    • 0.59 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Jan 08, 2024
    Location Intelligence
    Property ID
    US59-2776000
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 300 Kresson Rd

    Year built
    1968
    Construction
    BRICK
    Lot size
    0.59 lot acres
    Property type
    Commercial real estate
    APN
    09 00409- 01-00001
    APU
    9004090100001

    Description

    This exceptional commercial land parcel, located at 300 Kresson Road in Cherry Hill, New Jersey, presents a unique investment opportunity. The property is a newly available pad site ideal for development, offering flexibility for sale, lease, or build-to-suit options. Situated in a high-traffic area along a major local commuter road, this location boasts excellent visibility and accessibility. The site is surrounded by a dense population, with a remarkable 52,914 households within a convenient 10-minute drive. This strong demographic profile ensures a robust customer base for any commercial venture. The property's proximity to a Wawa further enhances its appeal and underscores the area's commercial viability. Detailed site plans and zoning information are available upon request. This prime location in Cherry Hill, Camden County, NJ (zip code 08034), offers unparalleled potential for businesses seeking a strategic foothold in a thriving market. The property's geographic coordinates are 39.8930001 latitude and -75.0168015 longitude. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $450,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $445,000
      Mixed-Use
      $450,000
      Hospitality
      $460,000
      Educational
      $430,000
      Residential Income
      $490,000
      Energy
      $460,000
      Income-Based Land
      $460,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Hill
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0168
    Latitude
    39.893
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $22,669
    $258,500
    $296,300
    $554,800
    -
    $258,500
    $296,300
    $554,800

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    Similar Nearby for Sale

    • Contact for pricing

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      Pad Site Near Wawa

      Pad site in Cherry Hill, surrounded by dense population.
      300 Kresson Rd, Cherry Hill, NJ 08034
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    Similar Nearby for Lease

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    300 Kresson Rd
    Cherry Hill, NJ 08034
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    Realmo Value Estimation

    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.

    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.

    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
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