Stokes Road Commercial
332 Stokes Rd Medford, NJ 08055
For Sale
$400,000
Versatile commercial space in Medford, ideal for medical or office use.
Property Size1,509 SF
Lot Size0.86 Acres
Price / SF$265.08
Days on Market449
Property Features for 332 Stokes Rd
General Information
Standard status
Active
Size
1,509 SF
Lot size
0.86 Acres
Listing Agency:
Exit Realty-JP Rothermel
(609) 304-7767
Listed By:
Judy Rothermel · License #226687
(609) 304-7767
Source:
Exprealty
Added: May 6, 2025
Changed: Jul 6
Last Checked: Jul 27 at 6:53AM
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 Exit Realty-JP Rothermel
Investment Insights
Based on property information with market context.
Located on Stokes Road in Medford, this single-story commercial property offers 1,509 square feet of space suitable for medical, professional, or office use, including dental, accounting, legal, billing services, private education, and social clubs. The building features a full basement and an attached two-car garage, offering opportunities for expansion or renovation. A paved parking lot, a handicap-accessible rear entrance, and a permanent front sign enhance the property's accessibility and visibility. Situated just outside of Medford's Historic Village, the location provides convenient access to shops, restaurants, and the Main Street community. Recent updates include an AC unit installed in 2004 and a new on-demand gas water heater installed in 2024. The septic system was installed prior to closing in 2002. The property is serviced by a private well, with the option to connect to public water. Set on 0.86 acres, the lot includes woods behind the building, creating a buffer and additional privacy.
Key Highlights
- High‑visibility location on Stokes Road in Medford.
- Versatile 1,509 sq. ft. space suitable for various commercial uses (medical, professional, office).
- Full basement and attached 2‑car garage offer expansion or renovation potential.
Financial Insights For Healthcare Medical
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 | $37.7k | $24.96 |
| − Vacancy | −$2.7k | −$1.80 |
| EGI | $35.0k | $23.16 |
| − OpEx | −$14.0k | −$9.27 |
| NOI | $21.0k | $13.90 |
1,509 SF · lease $24.96/SF/yr · vacancy 7.20% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$299.6K
$262.2K – $349.5K
NOI $20,972 @ 7.0% cap · market cap 5.24%
Second Best
Office B
$193.4K
$169.2K – $225.6K
NOI $13,538 @ 7.0% cap · market cap 3.38%
Theoretical Best
Warehouse
$3.16M
$2.76M – $3.68M
NOI $220,923 @ 7.0% cap · market cap 55.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Medical Office Space - Versatile commercial space in Medford, ideal for medical or office use.
Where is this medical office space located?
The property is located at 332 Stokes Rd Medford, NJ.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: High‑visibility location on Stokes Road in Medford.; Versatile 1,509 sq. ft. space suitable for various commercial uses (medical, professional, office).; Full basement and attached 2‑car garage offer expansion or renovation potential.
