Medford Flex Building For
For Sale
$1,695,000
708 Stokes Rd, Medford, NJ 08055
Freestanding flex building in Medford, NJ with high visibility.
Property Size10,000 SF
Lot Size0.77 Acres
Price / SF$169.50
Days on Market792
Property Features for 708 Stokes Rd
General Information
Standard status
Active
Size
10,000 SF
Lot size
0.77 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$35,490
Amenities
Backs to Trees
Cleared
Interior
Landscaping
Level
Partly Wooded
Road Frontage
SideYard(s)
Suburban
Year Round Access
Building Details
Year Built
1970
Listing Agency:
KELLER WILLIAMS REALTY - MARLTON
(856) 441-6800
Listed By:
JAMES L MOFFA · License #901791
Source:
Corcoran
Added: Jun 9, 2024
Changed: Aug 8
Last Checked: Aug 8 at 6:03AM
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 KELLER WILLIAMS REALTY - MARLTON
Investment Insights
Based on property information with market context.
This freestanding flex building in Medford, New Jersey, presents a rare opportunity for commercial ownership. Situated on three-quarters of an acre, this building is in excellent condition and offers potential for various commercial and mixed uses within the Community Commercial (CC) Zone. The adaptable layout is suitable for innovative warehouse solutions for small to medium-sized businesses, including e-commerce, retail, professional and technical service spaces, or showroom applications. The property is located in a strategically based business district on Route 541, Stokes Road, a primary artery in Medford, with high visibility and a traffic count of 20,000 to 25,000 vehicles per day. The location benefits from dense and affluent demographics, surrounded by high medium household income housing developments. Renovated and updated in 2009, the building's design offers adaptability and flexibility, with potential for modification or use as is (two units). Currently, it serves as a design, engineering, installation, and service company for residential and commercial electronic installations. The property is close to medical facilities such as University of Penn, Cooper MD Anderson Cancer Center and Hospital, Fox Chase, and Virtua, and is minutes from fast food and high-end restaurants. It is accessible from I-295, Routes 38, 70, 73, 206, PA & NJ Turnpikes, and the Atlantic City Expressway, with proximity to Center Philadelphia and Shore Points, the Promenade Shopping Center, Moorestown & Cherry Hill Malls, Centerton Sq, and The Market Place at Garden State. The property features public sewerage, a private well, and is completely solar powered, with parking for 40+ vehicles. The roof has a 35-year warranty. The property is being sold "AS IS".
Key Highlights
- High visibility and traffic count on Route 541 (20,000‑25,000 vehicles per day).
- Zoning allows for flexible commercial and mixed uses.
- Completely solar powered.
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
$149,540
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
8.82%
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%
$2,990,800
$3.0M
Cap Rate 7%
$2,136,286
$2.1M
Cap Rate 9%
$1,661,556
$1.7M
Market Conditions
NOI Build-Up for 10,000 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
$224.4K $22.44/SF
− Vacancy
−$10.8K −$1.08/SF
EGI
$213.6K $21.36/SF
− OpEx
−$64.1K −$6.41/SF
NOI
$149.5K $14.95/SF
Area
Burlington County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
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%
$2,990,800
Cap Rate 7%
$2,136,286
Cap Rate 9%
$1,661,556
Alternative Uses
Best Use
Warehouse
$20.91M
$18.30M – $24.40M
NOI $1,464,037 @ 7.0% cap · market cap 86.37%
Second Best
Industrial
$17.22M
$15.07M – $20.09M
NOI $1,205,677 @ 7.0% cap · market cap 71.13%
Theoretical Best
—
—
same as Best Use
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?
Flex space - Freestanding flex building in Medford, NJ with high visibility.
Where is this flex space located?
The property is located at 708 Stokes Rd Medford, NJ.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: High visibility and traffic count on Route 541 (20,000‑25,000 vehicles per day).; Zoning allows for flexible commercial and mixed uses.; Completely solar powered.
