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Property profile & analytics
FOR LEASE
Industrial properties
1152 Marlkress Rd Cherry Hill, NJ 08003
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US59-3035385
For Lease
1 / 6
$2,480,000
1152 Marlkress Rd, Cherry Hill, NJ 08003
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Construction
FRAME
Total area
29,247 SF
Lot
4.5 ac (196,020 SF)
APN
09 00500- 01-00010
UPID
US59-3035385
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$2.48M
Owner & transaction history
Red Rock Nj LLC · 2 yrs held
Red Rock Nj LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.8M
+7.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cherry Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cherry Hill submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,565,000
Current use
OFFICE BUILDING
$2,750,000
Change: +7% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$85 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$128,443
Tax year 2022
Assessed value
$3,143,500
Assessed 2023
Previous assessed
$3,143,500
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$691,600
Assessed improvement
$2,451,900
Land market value
$691,600
Improvement market value
$2,451,900
Total market value
$3,143,500
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Total area
29,247 SF
Lot
4.5 ac (196,020 SF)
APN
09 00500- 01-00010
UPID
US59-3035385
Jurisdiction
CAMDEN
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
OFFICE BUILDING
Est. value
$2.8M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Construction
FRAME
Heating
NONE
Stories
2
Units
1
Lot
4.5 ac
Current owner
From public records · entity-resolved
Red Rock Nj LLC
Entity
Mailing address
5 PNE CONE RD STE #205, DAYTON, NV 89403-6385
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2024
—
Red Rock Nj LLC
Ne Nj Properties LLC
Deed
—
Jan 11, 2023
—
Ne Nj Properties LLC
—
Deed
related
$5,000,000 · Pcb Bank
Mar 5, 2020
—
Ne Nj Properties LLC
—
Deed
related
$2,194,000 · Miscellaneous Govt Agcy
Feb 11, 2019
$5,275,000
Ne Nj Properties LLC
Bounderby LLC
Deed
$2,667,500 · Pacific City Bank
Sep 15, 2018
—
Bounderby LLC
—
Deed
related
$100,000 · Santander Bank NA
Nov 18, 2011
$2,800,000
Bounderby LLC
P & I Realty Co LLC
Grant Deed
$2,520,000 · Sovereign Bank
Aug 9, 2011
—
P & I Realty Co LLC
Librett Irving & P Trust
Grant Deed
—
—
—
Ne Nj Properties LLC
—
Deed Of Trust
related
$2,194,000 · Miscellaneous Govt Agcy
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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