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Property profile & analytics
FOR SALE
Commercial real estate
708 Stokes Rd, Medford, NJ 08055
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US59-3164369
For Sale
1 / 100
$1,695,000
708 Stokes Rd, Medford, NJ 08055
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Property summary
AI-generated overview
This exceptional 10,000 square foot free-standing building presents a rare opportunity in Medford, NJ. Situated on a 0.77-acre lot in a prime business district on Stokes Road, this property boasts a daily traffic count of 20,000-25,000 vehicles, ensuring high visibility and accessibility. The building, renovated in 2009, features a flexible layout adaptable to various commercial and mixed uses, permitted within the Community Commercial (CC) Zone. Currently configured as two units, it could easily accommodate multiple tenants. The property includes a dynamic showroom, ample parking for 40+ vehicles, and is completely solar-powered, reducing operational costs. Its location offers significant advantages: proximity to major roadways (I-295, Routes 38, 70, 73, 206, PA & NJ Turnpikes, Atlantic City Expressway), first-class medical facilities (University of Pennsylvania, Cooper MD Anderson, Fox Chase, Virtua), and prominent shopping centers (Promenade, Moorestown Mall, Cherry Hill Mall). The building benefits from excellent demographics, surrounded by high-income housing developments ($125,748 average annual household income). Public sewer and a private well are in place. The roof carries a 35-year warranty. This property is being sold "AS IS". This is a truly unique opportunity for businesses seeking high visibility, accessibility, and flexibility in a thriving Medford location.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1969
Total area
10,000 SF
Lot
0.77 ac (33,541 SF)
Zoning code
CC
APN
20 04801- 05-00008
UPID
US59-3164369
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Frankentek Electrical Service General Contractor
-
T.C. Irons Insurance Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.20M
Owner & transaction history
708 Stokes LLC
708 Stokes LLC
3 recorded transactions
Zoning & alternative use
CC · Medford, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+21.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,415,000
6.5%
$1,305,000
7%
$1,210,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,530,000
Current use
OFFICE BUILDING
$1,855,000
Change: +21% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,310,000
Change: -14% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,275,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.31M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$120 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$32,500
Tax year 2022
Assessed value
$1,000,000
Assessed 2023
Previous assessed
$1,000,000
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$250,300
Assessed improvement
$749,700
Land market value
$250,300
Improvement market value
$749,700
Total market value
$1,000,000
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Year built
1969
Heating
NONE
Stories
1
Total area
10,000 SF
Lot
0.77 ac (33,541 SF)
Zoning code
CC
APN
20 04801- 05-00008
UPID
US59-3164369
Jurisdiction
BURLINGTON
Metro division
CAMDEN, NJ METROPOLITAN DIVISION
Zoning & alternative use
CC · Medford, NJ
Zoning CC · permitted uses
CC · Medford, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Medford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Heating
NONE
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
708 Stokes LLC
Entity
Mailing address
708 STOKES RD, MEDFORD, NJ 08055-2903
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
708 Stokes LLC
—
Deed Of Trust
related
$600,000 · Beneficial Bank
—
—
708 Stokes LLC
—
Deed Of Trust
related
$600,000 · Beneficial Bank
—
—
708 Stokes LLC
—
Deed Of Trust
related
$85,000 · Cornerstone Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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