Freestanding Flex
For Sale
$1,695,000
708 STOKES Road, Medford, NJ 08055
Commercial Sale, MEDFORD, NJ
Property Size10,000 SF
Lot Size0.77 Acres
Price / SF$169.50
Days on Market868
Property Features for 708 STOKES Road
General Information
Property type
Other
Property subtype
Retail
Middle school
MEDFORD TOWNSHIP MEMORIAL
High school
SHAWNEE
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
0.77 Acres
Additional Details
Currently Operating
Yes
Property Use
Flex
Taxes and HOA fees
Tax Annual Amount
35490
Utilities
Heating system
Ceiling, Forced Air, Central, Solar (Heating)
Cooling system
Central Air
Amenities
Solar Powered
Building Details
Year built
1970
Building materials
Block, Brick, Brick Front
Buildings
1
Listing Agency:
Keller Williams Realty - Marlton
(856) 441-6800
Listed By:
James L Moffa · License #901791
(609) 458-3711
Added: Jun 10, 2024
Changed: Oct 23
Last Checked: Oct 25 at 9:06PM
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.
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Investment Insights
Based on property information with market context.
This freestanding flex property occupies 0.77 acres and was built in 1970, with renovation and updates completed in 2009. Improvements included fixtures, materials, and electrical systems. The building is currently configured as two units and includes office, showroom, and adaptable commercial space. Construction features block, brick, and brick-front materials, with central air, forced-air heating, and solar heating systems. The property is being sold as is.
The site fronts Stokes Road, also identified as Route 541, with reported traffic of 20,000 to 25,000 vehicles per day. Access is available from I-295, Routes 38, 70, 73, and 206, as well as the Pennsylvania and New Jersey turnpikes and Atlantic City Expressway. The property is near the Promenade Shopping Center and several regional malls and retail centers.
Community Commercial (CC) zoning provides stated flexibility for commercial and mixed uses. Additional features include public sewerage, a private well, complete solar power, parking for 40+ vehicles, and a roof with a 35-year warranty.
The site fronts Stokes Road, also identified as Route 541, with reported traffic of 20,000 to 25,000 vehicles per day. Access is available from I-295, Routes 38, 70, 73, and 206, as well as the Pennsylvania and New Jersey turnpikes and Atlantic City Expressway. The property is near the Promenade Shopping Center and several regional malls and retail centers.
Community Commercial (CC) zoning provides stated flexibility for commercial and mixed uses. Additional features include public sewerage, a private well, complete solar power, parking for 40+ vehicles, and a roof with a 35-year warranty.
Key Highlights
- 0.77‑acre freestanding flex property in Medford’s Community Commercial (CC) zone
- Renovated and updated in 2009, including fixtures, materials, and electrical systems
- Two‑unit configuration with office, showroom, and adaptable commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,168
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,583,360
$2.6M
Cap Rate 7%
$1,845,257
$1.8M
Cap Rate 9%
$1,435,200
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$216.0K $21.60/SF
− Vacancy
−$17.3K −$1.73/SF
EGI
$198.7K $19.87/SF
− OpEx
−$69.6K −$6.96/SF
NOI
$129.2K $12.92/SF
Area
Burlington County, NJ
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,583,360
Cap Rate 7%
$1,845,257
Cap Rate 9%
$1,435,200
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.
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Current Use
Lease Details
2
Office units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
616
Businesses Nearby
Under-served
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - CC-zoned commercial property with adaptable space, solar power, and a layout that can accommodate multiple configurations.
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: 0.77‑acre freestanding flex property in Medford’s Community Commercial (CC) zone; Renovated and updated in 2009, including fixtures, materials, and electrical systems; Two‑unit configuration with office, showroom, and adaptable commercial space
