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    310 Evesboro - Medford Rd Medford, NJ 08055
    Property profile & analytics

    310 Evesboro - Medford Rd, Medford, NJ 08055

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    • Warehouses
    • 21,826 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 310 Evesboro - Medford Rd

    Year built
    1998
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at 310-370 Miller Road and 16 Evesboro-Medford Road in Medford, New Jersey, offers 21,826 square feet of immediately available flex and warehouse space. Situated on a 9.76-acre lot in Burlington County, this 1998-built facility boasts a 11'6" ceiling height and one drive-in door. The property is currently fully vacant and divisible, with minimum leasable space starting at 3,175 square feet and a maximum contiguous space of 18,651 square feet. Its strategic location offers easy access to Route 70, the New Jersey Turnpike, and I-295, all within a 10-minute drive. The property's ample land provides potential for expansion or outdoor storage. This is an ideal opportunity for businesses seeking a well-maintained, conveniently located industrial space in a serene and secure environment. The property's multiple tenancy allows for flexibility in lease terms and space requirements. The zip code is 08055. This property is part of a larger industrial park totaling 66,300 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.858
    Latitude
    39.9003

    Comparable in this City

    • Value Estimation by Request
      12,635 SF

      310 Miller Rd

      Manufacturing properties
      310 Miller Rd, Medford, NJ 08055
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    • Value Estimation
      $1,100,000
      6,960 SF

      631st Gravelly Holw Rd

      WAREHOUSE, STORAGE
      631st Gravelly Holw Rd, Medford, NJ 08055-8441
      View Details
    • Value Estimation
      $2,000,000
      5,520 SF

      6 Tidswell Ave

      INDUSTRIAL (GENERAL)
      6 Tidswell Ave, Medford, NJ 08055-2708
      View Details
    • Value Estimation
      $1,375,000
      9,432 SF

      16 Medford Evesboro Rd

      INDUSTRIAL (GENERAL)
      16 Medford Evesboro Rd, Medford, NJ 08055-9592
      View Details
    • Value Estimation
      $1,120,000
      2.47 Acres

      2 Broad St

      INDUSTRIAL (GENERAL)
      2 Broad St, Medford, NJ 08055-2704
      View Details
    • Value Estimation by Request
      8,100 SF

      4 Tidswell Ave

      INDUSTRIAL (GENERAL)
      4 Tidswell Ave, Medford, NJ 08055-2708
      View Details

    Similar Nearby for Sale

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      Medford Medical Office Suite 103

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      Medford Office/Retail/Medical Building For Sale

      3,600 SF Medford building suitable for office, retail, or medical use.
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    Similar Nearby for Lease

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      37,533 SF

      Industrial Warehouse with Large Lot

      37,533 SF warehouse with office and storage.
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    • $6,000 /Mo

      Medford Flex Building for Lease

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      Prime Location Commercial Building

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      Prestigious Medford Main Street Office

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    Medford, NJ 08055
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    310 Evesboro - Medford Rd, Medford, NJ, 08055
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