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    850 Evesham Rd Cherry Hill, NJ 08003
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    Property profile & analytics

    850 Evesham Rd, Cherry Hill, NJ 08003

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    • Commercial real estate
    • 3.79 lot acres
    Off-Market
    Property ID
    US59-0578656
    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 850 Evesham Rd

    Lot size
    3.79 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.79-acre commercial development site is located at 850 Evesham Road in Cherry Hill, New Jersey, zip code 08003. The property is zoned IN- Institutional, presenting a unique opportunity for developers seeking to build in a prime location. Situated in the heart of the affluent Marlton trade area, this land parcel benefits from a highly desirable demographic profile. Within a five-minute drive, the median household income surpasses $116,000, indicating strong purchasing power and a robust potential customer base. The expansive lot size offers significant flexibility for various development projects. Given the IN- Institutional zoning, potential uses could include senior living facilities or daycare centers, aligning with the area's demographic needs and affluent community. The property's address is easily accessible, providing convenient access for residents and employees. This exceptional location and zoning make this a rare and highly sought-after development opportunity in Camden County, New Jersey. Serious inquiries are encouraged to explore the full potential of this remarkable land parcel. The property's latitude and longitude coordinates are 39.8733746 and -74.9315636 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Hill
    County
    Camden
    State
    New Jersey
    Longitude
    -74.9315636
    Latitude
    39.8733746

    Comparable in this City

    • $1,900,000

      Evesham Road Development Opportunity

      Development-ready +/-3.79-acre site on Evesham Road corridor.
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      Residential Land in Cherry Hill

      Land in desirable Cherry Hill neighborhood with convenient access.
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      Evesham Road Commercial Land Opportunity

      1.26 acre commercial land with multiple development possibilities.
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    • New
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      Cherry Hill Estate Homesite Opportunity

      Exceptional 1.1-acre wooded homesite in Cherry Hill's East Side.
      1635 Springdale Rd, Cherry Hill, NJ 08003
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      Commercial Land Near Major Highways

      Convenient location near highways and various dining options.
      1904 Springdale Rd, Cherry Hill, NJ 08003
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      Development Opportunity in Marlton Trade

      Ideal location for senior living or daycare development.
      126 E Partridge Ln, Cherry Hill Township, NJ 08003
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    Similar Nearby for Sale

    • $1,900,000

      Evesham Road Development Opportunity

      Development-ready +/-3.79-acre site on Evesham Road corridor.
      850 East Evesham Rd, Cherry Hill, NJ 08003
      View Details
    • $79,000
      0.65 Acres

      Residential Land in Cherry Hill

      Land in desirable Cherry Hill neighborhood with convenient access.
      37 Imperial Dr, Cherry Hill, NJ 08003
      View Details
    • $200,000
      1.26 Acres

      Evesham Road Commercial Land Opportunity

      1.26 acre commercial land with multiple development possibilities.
      158 Evesham Rd, Cherry Hill, NJ 08003
      View Details
    • New
      $399,000
      1.10 Acres

      Cherry Hill Estate Homesite Opportunity

      Exceptional 1.1-acre wooded homesite in Cherry Hill's East Side.
      1635 Springdale Rd, Cherry Hill, NJ 08003
      View Details
    • Contact for pricing

      Commercial Land Near Major Highways

      Convenient location near highways and various dining options.
      1904 Springdale Rd, Cherry Hill, NJ 08003
      View Details
    • Contact for pricing

      Development Opportunity in Marlton Trade

      Ideal location for senior living or daycare development.
      126 E Partridge Ln, Cherry Hill Township, NJ 08003
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,568 SF

      Cherry Hill Retail/Office Space

      Retail or office space with drive-thru and ample parking.
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      Office Space in Central Business District

      Office space for rent in Cherry Hill's Central Business District.
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    • $2,050 /Mo

      Commercial Space on Greentree Road

      Commercial space for rent on Greentree Road in Cherry Hill.
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      Prime Retail/Office Space on Route 70

      High-visibility commercial space in Cherry Hill's thriving business corridor.
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      96,846 SF

      Cherry Hill Warehouse Space

      96,846 sq ft warehouse space available for rent.
      1152 Marlkress Rd, Cherry Hill, NJ 08003
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    • $9 SF/Yr

      Sublease Office Space in Cherry

      Sublease opportunity in Cherry Hill with infrastructure for 700+ employees.
      7 Carnegie Plz, Cherry Hill, NJ 08003
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    Cherry Hill, NJ 08003
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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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