Single-Story Office Building with
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 Market461
Property Features for 332 STOKES Road
General Information
Property type
Other
Property subtype
Office
Parking
10
Parking features
Parking Lot, Special Needs
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
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: Aug 9 at 11:06PM
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
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
Location Intelligence
Trade Area within ½ mile
495
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 - 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
