Property profile

1509 Rte 38 Cherry Hill, NJ 08002

OFF-MARKET
Commercial real estate
Property ID
US59-1942370
9,052 SF 1.73 ac lot Built 2009
Entity Owned 18-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2009
Construction BRICK
Total area 9,052 SF
Lot 1.73 ac (75,359 SF)
APN 09 00178- 02-00007
UPID US59-1942370

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1509 Rte 38 Cherry Hill, NJ 08002-2271
Cherry Hill metro Census 603202 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.46M
Comparable Approach Comparable
$2.12M
Blend (final) Blend
$1.70M

Owner & transaction history

since 2007
5 recorded transactions
2021
Price N/A
2007
$3.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.5M +6.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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