Single-Story Office Building with
332 STOKES Road Medford, NJ 08055
For Sale
$400,000
Commercial Sale - MEDFORD, NJ
Property Size1,509 SF
Lot Size0.86 Acres
Price / SF$265.08
Days on Market449
Property Features for 332 STOKES Road
General Information
Property type
Other
Property subtype
Office
Parking
10
Parking features
Parking Lot, Special Needs
Standard status
Active
Lot size
0.86 Acres
Taxes and HOA fees
Tax Annual Amount
12442
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
1960
Building materials
Frame
Listing Agency:
Exit Realty-JP Rothermel
(609) 714-3948
Listed By:
Judy Rothermel · License #226687
(609) 304-7767
Added: May 6, 2025
Changed: Jul 13
Last Checked: Jul 28 at 1:06AM
MLS# NJBL2086606
Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This single-story commercial property offers versatile indoor space with a full basement and an attached two-car garage. A handicap-accessible rear entrance supports convenient access for visitors and staff. The site includes paved parking and a permanent front sign.
The building is located on Stokes Road in Medford, just outside of the Historic Village, with convenient access to shops, restaurants, and Main Street activity.
Recent improvements include HVAC/AC installed in 2004 and a new on-demand gas water heater from 2024. A septic system was installed prior to closing in 2002, and the property is serviced by a private well with the option to connect to public water in front of the building. The property sits on approximately 0.86 acres, with woods behind the building that provide a buffer.
The building is located on Stokes Road in Medford, just outside of the Historic Village, with convenient access to shops, restaurants, and Main Street activity.
Recent improvements include HVAC/AC installed in 2004 and a new on-demand gas water heater from 2024. A septic system was installed prior to closing in 2002, and the property is serviced by a private well with the option to connect to public water in front of the building. The property sits on approximately 0.86 acres, with woods behind the building that provide a buffer.
Key Highlights
- Single‑story commercial building with 1,509 sq. ft. of versatile space, plus a full basement
- Central A/C and forced‑air heat; AC and updates installed in 2004
- Paved parking lot with handicap‑accessible rear entrance and special‑needs parking
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 - Single-story commercial building with paved parking, handicap-accessible rear entrance, and attached two-car garage.
Where is this medical office space located?
The property is located at 332 STOKES Road 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: Single‑story commercial building with 1,509 sq. ft. of versatile space, plus a full basement; Central A/C and forced‑air heat; AC and updates installed in 2004; Paved parking lot with handicap‑accessible rear entrance and special‑needs parking
