Freestanding Medical Office
New
For Sale
$400,000
332 STOKES Road, Medford, NJ 08055
Commercial Sale, MEDFORD, NJ
Property Size1,509 SF
Lot Size0.86 Acres
Price / SF$265.08
Days on Market3
Property Features for 332 STOKES Road
General Information
Property type
Other
Property subtype
Office
Parking
10
Parking features
Special Needs, Parking Lot
Elementary school district
MEDFORD TOWNSHIP PUBLIC SCHOOLS
Middle school district
MEDFORD TOWNSHIP PUBLIC SCHOOLS
High school district
MEDFORD TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Lot size
0.86 Acres
Taxes and HOA fees
Tax Annual Amount
13161
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
permanent roadside signage
handicap-accessible rear entrance
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: Aug 27
Last Checked: Aug 29 at 1:06PM
MLS# NJBL2119576
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 freestanding, ranch-style medical office property provides approximately 1,509 square feet of main-level space on a 0.86-acre parcel. The existing layout operates as a dental office and includes a full basement, attached two-car garage, handicap-accessible rear entrance, and permanent roadside signage. A paved, lighted parking area offers 10 spaces. Central air conditioning and forced-air gas heat support the building, while a 2024 on-demand gas water heater, private well, and septic system are also in place.
The property fronts Stokes Road in Medford, just outside the Historic Village, with access to Main Street businesses, restaurants, services, and surrounding South Jersey communities. A wooded rear section provides a natural buffer behind the building. Public water is located along Stokes Road, with any future connection subject to availability and applicable approvals. Professional, office, and other commercial uses remain subject to Medford Township zoning and required approvals.
The property fronts Stokes Road in Medford, just outside the Historic Village, with access to Main Street businesses, restaurants, services, and surrounding South Jersey communities. A wooded rear section provides a natural buffer behind the building. Public water is located along Stokes Road, with any future connection subject to availability and applicable approvals. Professional, office, and other commercial uses remain subject to Medford Township zoning and required approvals.
Key Highlights
- Approximately 1,509 SF of main‑level office space on 0.86 acres
- Established dental office configuration with full basement and attached two‑car garage
- Paved, 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
Single-tenant
Tenancy
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Ranch-style professional office with dedicated parking, roadside signage, basement, and an attached 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: Approximately 1,509 SF of main‑level office space on 0.86 acres; Established dental office configuration with full basement and attached two‑car garage; Paved, lighted parking lot with 10 parking spaces
