$535,000
●
Commercial -
Off Market
600 DEER RD #12
CHERRY HILL, NJ 08034
Studio
0 Bath
$2,701
Est. Monthly
About This Property
This commercial space offers loads of opportunity with 7650 square
feet between both floors. Each floor has the ability to
be divided. The first floor features 3 offices, a conference room,
a large flex area, kitchenette and bathrooms. On the main
floor you will also have access to +/- 1254 sq ft warehouse
in the rear with drive in overhead door. Over 10 foot ceiling
heights and drive in garage door with warehouse space with 16
wheeler accessibility. The second floor has 7 offices, a
large flex area, kitchenette and bathrooms. The entire unit
also has the capability to be reconfigured into a large open
warehouse format. Conveniently located in the heart of Cherry Hill
business district.
Unit Size
-
Days on Market
63 days
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$1,103
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Bright MLS #NJCD2062614)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| Mar 15, 2024 | In contract | - | |
| In contract | |||
| Feb 9, 2024 | Listed by Weichert Realtors-Haddonfield | $550,000 | |
| Listed by Weichert Realtors-Haddonfield | |||
Property Highlights
Parking Available
Air Conditioning
Parking Details
Parking Features: Parking Lot
Total Garage and Parking Spaces: 11
Exterior Details
Ownership Interest: Fee Simple
Year Built Source: Estimated
Construction Materials: Block
Tidal Water: N
Lot Size Source: Estimated
Land Assessed Value: $324,000
Financial Details
City Town Tax: $0
City Town Tax Payment Frequency: Annually
Tax Assessed Value: $324,000
Tax Year: 2022
Tax Annual Amount: $13,238
Utilities Details
Central Air
Cooling Type: Central A/C
Heating Type: Forced Air
Cooling Fuel: Electric
Heating Fuel: Natural Gas
Hot Water: Natural Gas
Sewer Septic: Public Sewer
Water Source: Public
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/18/2025
|
Loft
|
-
|
-
|
$564,900
Loft
-
|
$564,900
02/20/2026
|
Victor Masi
RealtyMark Properties
| |
|
02/09/2024
|
Loft
|
-
|
-
|
$550,000
Loft
-
|
$535,000
-2.73%
05/17/2024
|
Michael DiPlacido
Keller Williams - Washington Township
| |
|
02/19/2024
|
Loft
|
-
|
-
|
$2,500
Loft
-
|
-
-
|
Sid Benstead
BHHS Fox & Roach Marlton-Voorhees Home Marketing Center
| |
|
04/04/2020
|
Loft
|
-
|
-
|
$119,000
Loft
-
|
-
-
|
-
| |
|
07/24/2019
|
Studio
|
-
|
-
|
$119,900
Studio
-
|
-
-
|
-
| |
|
08/05/2018
|
Studio
|
-
|
-
|
-
Studio
-
|
-
-
|
-
|
Building Info
About Greentree
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Listed by: Michael DiPlacido
Weichert Realtors-Haddonfield
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJCD2062614
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Weichert Realtors-Haddonfield
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# NJCD2062614
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