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 Market823
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
Taxes and HOA fees
Tax Annual Amount
35490
Utilities
Heating system
Solar (Heating), Forced Air, Central, Ceiling
Cooling system
Central Air
Amenities
solar powered
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: Sep 1
Last Checked: Sep 10 at 10:06AM
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.
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 = 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
$129,168
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
7.62%
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%
$2,583,360
$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
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
$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 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%
$2,583,360
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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Office units
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
