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    703 Stokes Rd, Unit OFFICE # Medford, NJ 08055

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    For Lease
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    Centrally located commercial space with updated common area.

    Lot size:
    0.97 Acres

    Property Features for 703 Stokes Rd

    General Information

    Standard status
    Active
    Lot size
    0.97 Acres

    Building Details

    Year built
    1950

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    Listing Contact
    Jennifer Wagner
    Source: Exitrealty

    Listing Agency: Compass New Jersey, LLC - Moorestown Listing Agent: Jennifer Wagner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Updated Office Space For Rent

    This centrally located commercial space offers a prime opportunity for businesses. The second story features 12 offices, comprising a total of 20 rooms, with convenient rear access. Office #8 is available for rent. It is a one room office, ideal for individuals seeking a workspace away from home distractions. The property features a newly updated common area, creating a fresh and inviting workspace. Tenants benefit from 24-hour access and a tranquil work environment, along with ample parking in both front and rear lots. The location provides easy access to essential amenities, including a post office, office supply store, dry cleaners, dining options, banks, 7/11, a gym, and gas stations. Secure individual mailboxes are provided for privacy and efficiency. Conveniently situated near major highways such as I-295, Routes 38, 206, 73, 70, PA & NJ Turnpikes, and the Atlantic City Expressway, the property offers seamless connectivity to central Philadelphia and Shore points. It is also in close proximity to shopping destinations, including the Promenade Shopping Center, Cherry Hill & Moorestown Malls, the Market Place at Garden State, and Centerton Square/Moorestown. Located approximately 30 minutes from central Philadelphia, an hour's drive to the Jersey Beaches, and 2 hours to New York City, this property offers exceptional regional accessibility. It is a short drive to key bridges such as the Ben Franklin, Walt Whitman, Tacony-Palmyra, or Burlington/Bristol, providing connectivity to I-95 & Bucks County. The property offers convenient access to Philadelphia International Airport, Atlantic City International Airport, and Trenton Airport.
    Location Intelligence

    Current Use by Public Records

    Depetris Paul Law Firm 541 Barbershop Barber Shop Peak Insurance Agency ... Insurance Agency Ardhi Real Estate Real Estate Agency Ready To Care LLC Home Health Care Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.808939
    Latitude
    39.8674711

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    FAQs

    What type of property is this?
    Office units - Centrally located commercial space with updated common area.
    Where is this office units located?
    The property is located at 703 Stokes Rd, Unit OFFICE # Medford, NJ.
    What are key features of this property?
    This property features: - Prime central location with easy access to major highways (I-295, Routes 38, 206, 73, 70, PA & NJ Turnpikes, Atlantic City Expressway) providing seamless connectivity.; - Benefit from 24-hour access and ample parking in front and rear lots.; - Newly updated common area creating a fresh and inviting workspace.
    (856) 214-2639
    Request Owner's contact information
    703 Stokes Rd, Unit OFFICE # Medford, NJ 08055
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    Medford, NJ 08055
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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
    703 Stokes Rd, Unit OFFICE # Medford, NJ 08055
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    We can help!
    Listing Contact
    Jennifer Wagner
    Real Estate License ID: 9136162
    (856) 214-2639
    Learn more
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