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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    620 Deer Rd Cherry Hill, NJ 08034

    • Flex space
    • 2,400 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2198364
    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

    • Flex space

    Property Details for 620 Deer Rd

    Property size
    2,400 SF
    Property type
    Flex space

    Description

    This 2,400 square foot Class B flex condo in Cherry Hill, NJ, is ideally situated at 620 Deer Rd, 08034. Priced at $270,000, this property offers a unique blend of warehouse and office space, perfect for a variety of businesses. The layout features approximately 1,200 square feet of warehouse space and an equal amount of office space. Adding to the functionality is a 1,200 square foot mezzanine area above the office, ideal for storage (not included in the 2,400 square foot calculation). Recent upgrades include a brand new HVAC system in the office area, ensuring comfortable year-round operation. Heating for the warehouse is provided by a ceiling-hung Reznor unit. Access is convenient via one large (10' x 12') grade-level overhead drive-in door. The property is zoned IR and boasts a 14.5-foot ceiling height. Monthly condo fees are $400. This is a fantastic opportunity to acquire a well-maintained, versatile commercial space in a desirable Camden County location. The combination of warehouse and office space, along with the added storage mezzanine, makes this property highly adaptable to various business needs. Don't miss out on this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Hill
    County
    Camden
    State
    New Jersey
    Longitude
    -74.9781309
    Latitude
    39.9191514

    Comparable in this City

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      Move-In Ready Cherry Hill Office

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    • $160,000

      Exceptional Move-In Ready Office Space

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    • $4,800,000
      35,754 SF

      Cherry Hill Industrial Property

      Prime NJ Warehouse, 35,754 SF
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    • $349,900
      4,500 SF

      Cherry Hill Office Investment Opportunity

      4,500 SF office building in desirable Cherry Hill location.
      1236 Brace Rd, Cherry Hill, NJ 08034
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      Cherry Hill Commercial Land Opportunity

      Prime Pad Site: Sale, Lease, Build-to-Suit
      300 Kresson Rd, Cherry Hill, NJ 08034
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    • $1,195,000
      4,650 SF

      Professional Office Near Route 70

      Single-story office building with private offices and ample parking.
      306 Kings Hwy South, Cherry Hill, NJ 08034
      View Details

    Similar Nearby for Sale

    • New
      $160,000
      Pending

      Move-In Ready Cherry Hill Office

      Exceptional, move-in ready flex space with modern upgrades.
      1916 Old Cuthbert Rd, Cherry Hill, NJ 08034
      View Details
    • $160,000

      Exceptional Move-In Ready Office Space

      Well-maintained flex space with modern upgrades and condominium ownership.
      1916 Old Cuthbert Rd, Cherry Hill, NJ 08034
      View Details
    • $4,800,000
      35,754 SF

      Cherry Hill Industrial Property

      Prime NJ Warehouse, 35,754 SF
      1841 Old Cuthbert Rd, Cherry Hill, NJ 08034
      View Details
    • $349,900
      4,500 SF

      Cherry Hill Office Investment Opportunity

      4,500 SF office building in desirable Cherry Hill location.
      1236 Brace Rd, Cherry Hill, NJ 08034
      View Details
    • Contact for pricing

      Cherry Hill Commercial Land Opportunity

      Prime Pad Site: Sale, Lease, Build-to-Suit
      300 Kresson Rd, Cherry Hill, NJ 08034
      View Details
    • $1,195,000
      4,650 SF

      Professional Office Near Route 70

      Single-story office building with private offices and ample parking.
      306 Kings Hwy South, Cherry Hill, NJ 08034
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Prime Camden County Flex Space

      1,000 SF Flex Space - Available Now
      1879 Old Cuthbert Rd, Cherry Hill, NJ 08034
      View Details
    • Contact for pricing
      1,000 SF

      Cherry Hill Flex Space

      Flex space with drive-in access and office near major routes.
      1879 Old Cuthbert Rd, Cherry Hill, NJ 08034
      View Details
    • Contact for pricing
      133,508 SF

      Cherry Hill Flex Space Available

      Four-building flex/warehouse complex, 69,100 SF vacant.
      1951 Old Cuthbert Rd, Cherry Hill, NJ 08034
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    • $6 SF/Yr
      133,508 SF

      Cherry Hill Office/Warehouse Complex

      Four-building office/warehouse complex in Cherry Hill, New Jersey.
      1951 Old Cuthbert Rd, Cherry Hill, NJ 08034
      View Details
    • Contact for pricing
      1,200 SF

      Office/Warehouse Space for Lease

      1,200 SF office/warehouse near Route 70 and I-295.
      600 Deer Rd, Cherry Hill, NJ 08034
      View Details
    • Contact for pricing
      45,000 SF

      Industrial Building Near Major Routes

      Multi-tenant industrial building with convenient access to major transportation routes.
      1960 Old Cuthbert Rd, Cherry Hill, NJ 08034
      View Details
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    620 Deer Rd
    Cherry Hill, NJ 08034
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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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