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    51 Haddonfield Rd Cherry Hill Township, NJ 08002

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    51 Haddonfield Rd Cherry Hill Township, NJ 08002

    View on Map
    • Commercial real estate
    • 27,464 SF
    • 7.72 lot acres
    For Lease
    $5,530,000
    View Listing →
    Cherry Hill Office Building For Lease
    $5,530,000
    96,000 SF

    Cherry Hill Office Building

    96,000 SF office building near Philadelphia and Cherry Hill Mall.

    51 Haddonfield Rd, Cherry Hill Township, NJ 8002
    View Listing
    Property ID
    US59-0480096
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 51 Haddonfield Rd

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    7.72 lot acres
    Property size
    27,464 SF
    Property type
    Commercial real estate
    APN
    09 00281- 01-00033
    APU
    9002810100033

    Description

    51 Haddonfield Road in Cherry Hill, NJ offers exceptional Class A office space. This three-story, 96,000-square-foot building, constructed in 1987, boasts a striking glass atrium and a welcoming cafe. On-site amenities include a convenient fitness center, ample parking to accommodate tenants and their visitors, and a pleasant outdoor picnic area. The building is professionally managed with an on-site building manager ensuring smooth operations and tenant satisfaction. Multiple tenancy options are available, with spaces ranging from a minimum of 718 square feet to a maximum contiguous space of 2,856 square feet. Currently, 22,420 square feet of space is vacant, offering a variety of configurations to suit diverse business needs. The building features two elevators for efficient access to all floors. Its prime location offers unparalleled convenience, situated just minutes from Philadelphia's City Center, with easy access via the Benjamin Franklin and Betsy Ross bridges. The property's adjacency to the Cherry Hill Mall provides added convenience for employees and clients alike. This is an exceptional opportunity to secure high-quality office space in a desirable location with a comprehensive array of amenities. Contact us today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,425,000
      Market price range: $3.33M - $6.43M
      AI Estimate
      $4,634,000
      Market price range: $1.74M - $4.63M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $4,335,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $4,625,000
      Change: +7% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Hill
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0265
    Latitude
    39.9489
    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
    $257,418
    $0.00
    $0.00
    $6,300,000
    -
    $1,852,800
    $4,747,200
    $6,600,000

    Comparable in this City

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    • Value Estimation by Request
      2.05 Acres

      54 Haddonfield Rd

      COMMERCIAL (GENERAL) • 2.05 Acres
      54 Haddonfield Rd, Cherry Hill, NJ 08002-1446
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      328 Haddonfield Rd

      COMMERCIAL (GENERAL)
      328 Haddonfield Rd, Cherry Hill, NJ 08002-2204
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    • Value Estimation by Request
      0.88 Acres

      614 Haddonfield Rd

      COMMERCIAL (GENERAL) • 0.88 Acres
      614 Haddonfield Rd, Cherry Hill, NJ 08002-2602
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    • Value Estimation by Request
      5.20 Acres

      1708 Rte 70th W

      COMMERCIAL (GENERAL) • 5.20 Acres
      1708 Rte 70th W, Cherry Hill, NJ 08002-3203
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    • Value Estimation by Request
      1.15 Acres

      1602 Rte 70th W

      COMMERCIAL (GENERAL) • 1.15 Acres
      1602 Rte 70th W, Cherry Hill, NJ 08002-3201
      View Details

    Similar Nearby for Sale

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      34,848 SF

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      Prime Land Near Cherry Hill

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      Retail Space Available For Sale

      Retail space with dedicated entrance and shared parking.
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      7 SF

      Cherry Hill Land For Sale

      10-acre land site (7.4 acres usable) in Cherry Hill, NJ.
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      Prime Redevelopment Site on Route 70

      1.8 acre commercial land for sale on Route 70.
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    Similar Nearby for Lease

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      Industrial Building on Large Lot

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      Cherry Hill Office Sublease

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      Two-Story Building on Route 70

      8,000 SF two-story building on Route 70 available for rent.
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      Automotive Service Building For Rent

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    View Listing
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    Cherry Hill Township, NJ 08002
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    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
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