Medford Office/Retail/Medical Building For Sale

709 Stokes Road Medford NJ 8055 Medford, NJ 08055

Claim this Listing
For Sale
$895,000

Two-story, 6,900 SF building with high visibility on Stokes Road.

Type:OFC
Property size:
6,900 SF
Price / SF:
$129/SF
Added:
Aug 23, 2024
Days on Market:
688
Last Refresh:
Jun 28 at 9:16 pm

Property Features for 709 Stokes Road Medford NJ 8055

General Information

Standard status
Active
Size
6,900 SF
Property subtype
OFC

Building Details

Year Built
1985

Listing office KW Commercial | Blue Bell

Listing date Aug 23, 2024

Source Realnex

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

All listing content including descriptions, pricing, images are the copyrighted material of KW Commercial | Blue Bell


Investment Insights

Based on property information with market context.

This 6,900 square foot, two-story building is located in Medford and offers visibility on Stokes Road. The property is zoned Community Commercial, which allows for a range of office, medical, retail, and specialty uses. The building was originally designed and metered for four tenants, but is currently configured as a single-tenant space. The floor plan is versatile and features interior improvements. The property includes ample parking. It is located in close proximity to Philadelphia and the shore, with easy access to Routes 70, 206, and the Atlantic City Expressway. This property is suitable for businesses looking to relocate or start up, and it may also be of interest to investors.

Key Highlights

  • High‑visibility location on heavily traveled Stokes Road.
  • Versatile 6,900 SF, 2‑story building suitable for office, retail, or medical use.
  • Community Commercial zoning allows for a wide range of uses.

Local Financial Insights For Office B

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 $92.7k $13.44
− Vacancy −$10.2k −$1.48
EGI $82.5k $11.96
− OpEx −$20.6k −$2.99
NOI $61.9k $8.97
6,900 SF · lease $13.44/SF/yr · vacancy 11.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$884.3K
$773.8K – $1.03M (±1% cap)
NOI $61,901 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$14.43M
$12.63M – $16.84M (±1% cap)
NOI $1,010,185 @ 7.0% cap · market cap 112.87%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Ms. Patricia Behrend Ophthalmologist REMEDY GROUP Factory Remedy Consulting Group, ... Corporate Office Hodge Ronald Insurance Agency

Suggested Use

Auto Repair Shop Hair Salon Big Box & Wholesale Store Auto Parts Store Building Supply Law Firm Storage Facility Restaurant Nail Salon Garden Center

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

FAQs

What type of property is this?
Office building - Two-story, 6,900 SF building with high visibility on Stokes Road.
Where is this office building located?
The property is located at 709 Stokes Road Medford NJ 8055 Medford, NJ.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: High‑visibility location on heavily traveled Stokes Road.; Versatile 6,900 SF, 2‑story building suitable for office, retail, or medical use.; Community Commercial zoning allows for a wide range of uses.
Contact an agent
More about this property
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