708 STOKES Road, Medford, NJ 08055
Commercial Sale - MEDFORD, NJ
- Added:
- Jun 10, 2024
- Days on Market:
- 730
- Last Refresh:
- Jun 9 at 2:06 am
Property Features for 708 STOKES Road
General Information
- Property type
- Other
- Property subtype
- Retail
- Standard status
- Active
- Lot size
- 0.77 Acres
Taxes and HOA fees
- Tax Annual Amount
- 35490
Utilities
- Heating system
- Forced Air, Central, Ceiling, Solar (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Building materials
- Block, Brick, Brick Front
Listing agent James L Moffa License #901791 (609) 458-3711
Listing office Keller Williams Realty - Marlton 103 70 Route unit: D, Medford, NJ (856) 441-6800
Listing date Jun 10, 2024
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Independently free‑standing professional office building on 0.75 acres in Medford, NJ
- One of the few 10,000 SF buildings in Medford; flexible layout with option to remain as two units
- Renovated and updated in 2009, including fixtures, materials, and electric; Year built 1970
- Completely solar powered (also includes solar heating); central air with forced‑air and ceiling heating
- Parking for 40+ vehicles; roof has a 35‑year warranty
- CC (Community Commercial) zoning allows multiple commercial and mixed uses; sold as‑is
Overview
Located on Stokes Road along Route 541 in Medford, the property benefits from strong exposure with reported traffic counts of 20,000 to 25,000 vehicles per day. The site is described as one of the primary business arteries serving the area, with access noted from I-295, Routes 38, 70, 73, and the PA & NJ Turnpikes and Atlantic City Expressway. Regional proximity is also noted to Center City Philadelphia and the Shore Points, along with nearby shopping including the Promenade Shopping Center.
With Community Commercial (CC) zoning use flexibility and visibility to support customer-facing activity, the building can fit a range of businesses, including professional and technical service, ecommerce, and retail concepts. The on-site parking is described as accommodating 40+ vehicles. The property is offered for sale “AS IS.”
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $224.4k | $22.44 |
| − Vacancy | −$10.8k | −$1.08 |
| EGI | $213.6k | $21.36 |
| − OpEx | −$64.1k | −$6.41 |
| NOI | $149.5k | $14.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Burlington
- State
- New Jersey
- Longitude
- -74.80952
- Latitude
- 39.86691
