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Property profile & analytics
OFF-MARKET
Estimated value
$3,605,000
Commercial real estate
1865 Marlton E Pike, Cherry Hill, NJ 08003-2005
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US59-2346394
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1977
Construction
CONCRETE BLOCKS
Total area
25,536 SF
Lot
18.71 ac (815,008 SF)
APN
09 00437- 01-00005
UPID
US59-2346394
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
$4.11M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$3.61M
Owner & transaction history
State Of New Jersey Department Of T · 4 yrs held
State Of New Jersey Department Of T
since 2022
Last sale
$5,500
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.3M
+6.7%
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%
$4,455,000
6.5%
$4,110,000
7%
$3,815,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,030,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,300,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$3.61M
Range $3.24M – $3.97M · ±10% · vs last sale $6k (Apr 6 2022)
Last sale anchor
$6k
Apr 6 2022
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
$141 / 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
$2,447,514
Tax year 2022
Assessed value
$59,900,000
Assessed 2023
Previous assessed
$59,900,000
+0.0% YoY
Effective rate
4.09%
On assessed value
Assessed land
$4,008,600
Assessed improvement
$55,891,400
Land market value
$4,008,600
Improvement market value
$55,891,400
Total market value
$59,900,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Total area
25,536 SF
Lot
18.71 ac (815,008 SF)
APN
09 00437- 01-00005
UPID
US59-2346394
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
COMMERCIAL (GENERAL) Current
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
Year built
1977
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Units
1
Lot
18.71 ac
Current owner
From public records · entity-resolved
State Of New Jersey Department Of T
Entity
Mailing address
100 E PRATT ST, BALTIMORE, MD 21202-1009
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$5,500
State Of New Jersey Department Of T
Baev Lasalle Cherry Hill Medical Ct
Deed
—
Jan 6, 2017
$81,770,000
Baev-lasalle Cherry Hill Medic
Fc Cherry Hill LLC
Grant Deed
—
Nov 12, 2013
$4,750,000
Fc Cherry Hill LLC
Trinity Place Holdings INC
Grant Deed
$2,700,000 · Wells Fargo Bank
—
—
Baev-lasalle Cherry Hill Medic
—
Deed Of Trust
related
$41,000,000 · Miscellaneous Ins Co
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.
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