Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23 Main St, Unit 5 Medford, NJ 08055-2444

    • Office buildings
    • 4,748 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    Sep 24, 2021
    $250,000
    Value Estimations
    $360,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-3109156
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Atlantic Coast Insurance Center / Insurance Agency / Auto Insurance Agency
    • Aline Therapy / Pediatric Clinic
    • Garden State Properties Group / Real Estate Consultant
    • Voorhees Handyman & Painting / Handyman/Handywoman/Handyperson
    • Mary A. Beck, LCSW / Social Worker

    Property Details for 23 Main St

    Year built
    1870
    Lot size
    0.30 lot acres
    Property size
    4,748 SF
    Zone code
    HVC
    Property type
    Office buildings
    APN
    20 01813-0000-00008-0000-C0005
    APU
    20018130000000080000C0005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $355,000
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $368,000
      Market price range: $173k - $808k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8228
    Latitude
    39.8987
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,211
    $166,200
    $117,200
    $283,400
    -
    $166,200
    $117,200
    $283,400

    Comparable in this City

    • Value Estimation
      $85,000
      617 SF

      23 Main St Ste, Unit 2

      OFFICE BUILDING • 617 SF
      23 Main St Ste, Medford, NJ 08055-2444
      View Details
    • Value Estimation
      $440,000
      6,000 SF

      13 Fostertown Rd

      OFFICE BUILDING • 6,000 SF
      13 Fostertown Rd, Medford, NJ 08055-9514
      View Details
    • Value Estimation
      $435,000
      10,507 SF

      107 Taunton Blvd

      OFFICE BUILDING • 10,507 SF
      107 Taunton Blvd, Medford, NJ 08055-3475
      View Details
    • Value Estimation
      $660,000
      2,566 SF

      10 Main St

      OFFICE BUILDING • 2,566 SF
      10 Main St, Medford, NJ 08055-2466
      View Details
    • Value Estimation
      $360,000
      4,848 SF

      416 Stokes Rd

      OFFICE BUILDING • 4,848 SF
      416 Stokes Rd, Medford, NJ 08055
      View Details
    • Value Estimation
      $495,000
      15,840 SF

      137 Hartford Rd

      OFFICE BUILDING • 15,840 SF
      137 Hartford Rd, Medford, NJ 08055-9516
      View Details

    Similar Nearby for Sale

    • $400,000
      0.52 Acres

      Medford Office Building For Sale

      Three-story office building in Medford's commercial zone.
      414 Stokes Rd, Medford, NJ 08055
      View Details
    • $1,200,000
      0.74 Acres

      Two-Story Office Building in Medford

      Versatile office space in a highly visible Medford location.
      99 Taunton Rd, Medford, NJ 08055
      View Details
    • $1,695,000
      0.77 Acres

      Medford Office Building For Sale

      Free-standing professional office building on Route 541 in Medford, NJ.
      708 Stokes Rd, Medford, NJ 08055
      View Details
    • Contact for pricing

      Medford Medical Office Suite 103

      Prime Medford Office Space - 1200 sq ft
      639 Stokes Rd, Medford, NJ 08055
      View Details
    • New
      Contact for pricing
      1,500 SF

      Office Space at Tuckerton & Jackson

      Office/Professional/Medical space for lease at corner location.
      135 Jackson Rd, Medford, NJ 08055
      View Details
    • $445,000
      3,320 SF

      Medford Office Building - Prime Location

      11-Room Office, 3,320 sq ft, 0.46 acres
      618 Stokes Rd, Medford, NJ 08055
      View Details

    Similar Nearby for Lease

    • $6,000 /Mo
      33,541 SF

      Medford Flex Building for Lease

      Adaptable flex building in Medford, NJ, suitable for various commercial uses.
      708 Stokes Rd, Medford, NJ 08055
      View Details
    • $5,600 /Mo
      22,651 SF

      Medford Office/Retail/Medical Building For Lease

      Free-standing building in Medford, suitable for office, retail, or medical use.
      414 Stokes Rd, Medford, NJ 08055
      View Details
    • $1,450 /Mo
      8,276 SF

      Prestigious Medford Main Street Office

      Rare professional office suite in a prime, visible location.
      35 N Main St Unit 1, Medford, NJ 08055
      View Details
    • $250 SF/Yr

      Office Space on Route 70

      Affordable office space in a convenient Medford location.
      194 Route 70, Medford, NJ 08055
      View Details
    • $1,400 /Mo

      Medical Office Space For Rent

      Medical professional office space available in Medford, New Jersey.
      639 Stokes Rd, Medford, NJ 08055
      View Details
    • $1,650 /Mo

      Versatile Commercial Space in Medford

      Adaptable commercial property in Medford, NJ, with flexible leasing options.
      715 Stokes Rd, Medford, NJ 08055
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23 Main St, Unit 5
    Medford, NJ 08055-2444
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.