Property profile

703 Stokes Rd 713 Medford, NJ 08055

OFF-MARKET
Other commercial real estate
Property ID
US59-1196468
10,348 SF 0.97 ac lot Built 1950
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a centrally located, multi-room commercial office space with a second-story layout that includes 12 offices totaling 20 rooms, along with convenient rear access. The individual office identified as Office #8 is a single-room office configuration suitable for independent work. The building includes a newly updated common area, provides secure individual mailboxes for tenant use, and supports 24-hour access to the premises. Parking is available in both front and rear lots. The location is positioned for regional connectivity with access to major highways including I-295 and Routes 38, 206, 73, 70, the PA & NJ Turnpikes, and the Atlantic City Expressway, as well as nearby bridges that connect toward I-95 and Bucks County, and is within commuting distance of central Philadelphia, the Jersey Shore area, and New York City. Nearby amenities include a post office, office supply store, dry cleaners, dining, banks, convenience retail, a gym, and gas stations, with shopping options in the Promenade Shopping Center, Cherry Hill and Moorestown Malls, the Marketplace at Garden State, and Centerton Square/Moorestown.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1950
Construction FRAME
Total area 10,348 SF
Lot 0.97 ac (42,253 SF)
Zoning code CC
APN 20 04802-0000-00006- 03
UPID US59-1196468

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Barber Shop
  • Insurance Agency
  • Real Estate Agency
  • Home Health Care Service

Location

703 Stokes Rd, Unit 713 Medford, NJ 08055-3010
Medford metro Census 703801 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$685k
CAP Approach CAP
by Request
Comparable Approach Comparable
$613k
Blend (final) Blend
$700k

Owner & transaction history

since 2022
Last sale
$775,000
1 recorded transaction
2022
$775,000

Zoning & alternative use

CC · Medford, NJ
Zoning description

All Uses permitted in the CC Community Commercial or RC Restricted Commercial Districts specified in Subsection 411.A of this ordinance. 9. Indoor and Outdoor Recreational Uses, such as health spas, gyms, tennis and racq…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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