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850 E EVESHAM ROAD
About This Property
neighborhoods.
+ Across the street, a local Wawa anchors the corridor and drives consistent traffic. The area is supported by a dense mix of national retailers and major shopping centers, including multiple Target and ShopRite
locations, Walmart, Planet Fitness, Marlton Crossing, and The Promenade. This retail presence ensures steady daily activity and enhances the site's appeal for a wide range of commercial and service users.
+ Zoned IN - Institutional Zone, this development-ready parcel offers a rare opportunity for users and developers seeking scale, accessibility, and strong market fundamentals. The sizeable acreage allows flexible configurations, while the surrounding residential and commercial density ensures sustained demand. Suitable for hospital use, childcare centers, theaters, libraries, and other institutional uses, the site offers a strong foundation for a high-impact project.
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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%.
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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.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 16, 2026 | Listed by Vantage Real Estate Services | $1,900,000 | |
| Listed by Vantage Real Estate Services | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017