Medford Flex Building For
For Sale
Contact for pricing
708 Stokes Rd, Medford, NJ 08055
Independently free standing 10,000 SF flex building on 0.75 acres.
Property Size10,000 SF
Lot Size0.75 Acres
Price / SF$169.50
Days on Market803
Property Features for 708 Stokes Rd
General Information
Standard status
Active
Size
10,000 SF
Class
A
Total Parking Spaces
40
Lot size
0.75 Acres
Property subtype
Office
Zoning
CC
Occupancy
100%
Lease Type
NN
Investment Type
Owner/User
Building Details
Year Built
1970
Year Renovated
2009
Buildings
1
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
KW Realty-Medford
(609) 458-3711
Listed By:
James Moffa · License #NJ 901791
Source:
Crexi
Added: Jun 11, 2024
Changed: Aug 14
Last Checked: Aug 20 at 8:28PM
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 KW Realty-Medford
Investment Insights
Based on property information with market context.
This 10,000 square foot flex building is located in Medford, New Jersey, on a 0.75-acre lot. The building is in excellent condition and offers adaptability and flexibility for various configurations. Renovated and updated in 2009, the property includes updated fixtures, materials, and electric. The property is located in one of the most strategically based business districts on Route 541, Stokes Road, a primary artery in Medford, with high visibility and a heavy traffic count of 20,000 to 25,000 vehicles per day. The location benefits from excellent dense and affluent demographics, surrounded by high medium household income housing developments. The community commercial (CC) zone allows for many commercial and mixed uses. The building could provide innovative warehouse solutions for small to medium-sized businesses, including e-commerce, retail, professional and technical service spaces, or many other applications, and includes a dynamic showroom. The property is accessible from I-295, Routes 38, 70, 73, 206, the Pennsylvania and New Jersey Turnpikes, and the Atlantic City Expressway. It is in close proximity to medical facilities, fast food and high-end restaurants, Center Philadelphia and shore points, the Promenade Shopping Center, and the Moorestown and Cherry Hill Malls. The property has parking for 40+ vehicles, is completely solar powered, and has a roof with a 35-year warranty. The property is presently used as a design, engineering, installation, and service company for residential and commercial electronic installations. The property is being sold "as is."
Key Highlights
- High visibility and traffic count (20,000‑25,000 vehicles per day) on Route 541.
- Flexible CC zoning allows for many commercial and mixed uses.
- Adaptable 10,000 SF building with a flexible layout that can be modified or used as two units.
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
Industrial
$17.22M
$15.07M – $20.09M
NOI $1,205,677 @ 7.0% cap · market cap 71.13%
Second Best
Flex RnD
$1.85M
$1.61M – $2.15M
NOI $129,168 @ 7.0% cap · market cap 7.62%
Theoretical Best
Warehouse
$20.91M
$18.30M – $24.40M
NOI $1,464,037 @ 7.0% cap · market cap 86.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
690
Businesses Nearby
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?
Office building - Independently free standing 10,000 SF flex building on 0.75 acres.
Where is this office building 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 (20,000‑25,000 vehicles per day) on Route 541.; Flexible CC zoning allows for many commercial and mixed uses.; Adaptable 10,000 SF building with a flexible layout that can be modified or used as two units.
