Freestanding Medical Office
New
For Sale
$400,000
332 Stokes Rd, Medford, NJ 08055
Ranch-style professional space includes a basement, attached garage, paved parking, and permanent roadside signage.
Property Size1,509 SF
Lot Size0.86 Acres
Price / SF$265.08
Days on Market1
Property Features for 332 Stokes Rd
General Information
Standard status
Active
Size
1,509 SF
Total Parking Spaces
10
Lot size
0.86 Acres
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Asking Price
$400,000
Amenities
handicap-accessible entrance
permanent signage
full basement
attached garage
central air conditioning
gas heat
on-demand water heater
private well
septic system
wooded lot
Building Details
Year Built
1960
Buildings
1
Stories
1
Construction
ranch-style
Listing Agency:
Exit Realty-JP Rothermel
Listed By:
Judy Rothermel · License #226687
(609) 304-7767
Source:
Harkesrealty
Added: Sep 4
Last Checked: Sep 4 at 2:38PM
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.
This freestanding medical office property provides approximately 1,509 square feet of main-level space on .86 acres. The ranch-style building is currently configured as an established dental office and includes a full basement, attached two-car garage, central air conditioning, forced-air gas heat, and a 2024 on-demand gas water heater. The property was built in 1960 and is served by a private well and septic system.
Located at 332 Stokes Road in Medford, the property has a paved and lighted parking lot with 10 spaces, a handicap-accessible rear entrance, and permanent signage along the roadway. A wooded rear area provides separation from neighboring properties. The site is just outside Medford's Historic Village, near Main Street businesses, restaurants, and services. Public water is located along Stokes Road, with any future connection subject to availability and applicable approvals. Other professional, office, and commercial uses may be possible subject to Medford Township zoning and required approvals.
Located at 332 Stokes Road in Medford, the property has a paved and lighted parking lot with 10 spaces, a handicap-accessible rear entrance, and permanent signage along the roadway. A wooded rear area provides separation from neighboring properties. The site is just outside Medford's Historic Village, near Main Street businesses, restaurants, and services. Public water is located along Stokes Road, with any future connection subject to availability and applicable approvals. Other professional, office, and commercial uses may be possible subject to Medford Township zoning and required approvals.
Key Highlights
- Approximately 1,509 square feet of main‑level office space on .86 acres
- Established dental office configuration with a full basement and attached two‑car garage
- Paved and lighted parking lot with 10 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,972
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$419,440
$419.4K
Cap Rate 7%
$299,600
$299.6K
Cap Rate 9%
$233,022
$233.0K
Market Conditions
NOI Build-Up for 1,509 SF
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.
Gross rent
$37.7K $24.96/SF
− Vacancy
−$2.7K −$1.80/SF
EGI
$35.0K $23.16/SF
− OpEx
−$14.0K −$9.27/SF
NOI
$21.0K $13.90/SF
Area
Burlington County, NJ
Vacancy
7.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$419,440
Cap Rate 7%
$299,600
Cap Rate 9%
$233,022
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
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08055, NJ
28,806
Population
11,103
Households
2.6
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
40.0 sq mi
ZIP Area
720
Density / Sq Mi
$158,487
Median Household Income
$77,304
Median Earnings
$1,502
Median Rent
$456,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Ranch-style professional space includes a basement, attached garage, paved parking, and permanent roadside signage.
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: Approximately 1,509 square feet of main‑level office space on .86 acres; Established dental office configuration with a full basement and attached two‑car garage; Paved and lighted parking lot with 10 parking spaces
