Freestanding Flex Office
708 STOKES Road Medford, NJ 08055
For Sale
$1,695,000
Commercial Sale - MEDFORD, NJ
Property Size10,000 SF
Lot Size0.77 Acres
Price / SF$169.50
Days on Market778
Property Features for 708 STOKES Road
General Information
- Property type
- Other
- Property subtype
- Retail
- Standard status
- Active
- Lot size
- 0.77 Acres
Taxes and HOA fees
- Tax Annual Amount
- 35490
Utilities
- Heating system
- Ceiling, Central, Solar (Heating), Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1970
- Building materials
- Block, Brick, Brick Front
Listing Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
James L Moffa · License #901791
(609) 458-3711
Added: Jun 10, 2024
Changed: Jul 11
Last Checked: Jul 27 at 7:06AM
MLS# NJBL2066556
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.
Independently free-standing professional office building in a flex configuration, designed for adaptable use. The property includes a dynamic showroom area and is currently laid out as two units, with a flexible design that can be modified in multiple configurations. Renovated and updated in 2009, including fixtures, materials, and electrical systems, the building is presented in excellent condition and is being sold “AS IS.”
The building is located on Stokes Road in Medford, positioned on Route 541 for visibility with a stated traffic count of 20,000 to 25,000 vehicles per day. It is described as accessible from I-295, Routes 38, 70, 73, and 206, and the PA and NJ Turnpikes, with proximity to Center Philadelphia and Shore Points.
Additional property details provided include public sewerage with a private well, complete solar power, a roof with a 35-year warranty, and parking for 40+ vehicles. The property is in the Community Commercial (CC) Zone, supporting a variety of commercial and mixed uses.
The building is located on Stokes Road in Medford, positioned on Route 541 for visibility with a stated traffic count of 20,000 to 25,000 vehicles per day. It is described as accessible from I-295, Routes 38, 70, 73, and 206, and the PA and NJ Turnpikes, with proximity to Center Philadelphia and Shore Points.
Additional property details provided include public sewerage with a private well, complete solar power, a roof with a 35-year warranty, and parking for 40+ vehicles. The property is in the Community Commercial (CC) Zone, supporting a variety of commercial and mixed uses.
Key Highlights
- Independently free‑standing professional office building on 0.75 acres in Medford, NJ
- One of the few 10,000 SF buildings in Medford; flexible layout with option to remain as two units
- Renovated and updated in 2009, including fixtures, materials, and electric; Year built 1970
Financial Insights For Flex RnD
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 | $216.0k | $21.60 |
| − Vacancy | −$17.3k | −$1.73 |
| EGI | $198.7k | $19.87 |
| − OpEx | −$69.6k | −$6.96 |
| NOI | $129.2k | $12.92 |
10,000 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 35.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Frankentek
Electrical Service
T.C. Irons Insurance ...
Insurance Agency
FAQs
What type of property is this?
Flex space - Independently free-standing flex building with showroom space, renovated in 2009, and parking for 40+ vehicles.
Where is this flex space located?
The property is located at 708 STOKES Road 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: Independently free‑standing professional office building on 0.75 acres in Medford, NJ; One of the few 10,000 SF buildings in Medford; flexible layout with option to remain as two units; Renovated and updated in 2009, including fixtures, materials, and electric; Year built 1970
