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    Property profile & analytics

    69 N Main St Medford, NJ 08055

    • Office buildings
    • 3,763 SF
    • 0.64 lot acres
    For Sale
    View listing
    $6,000
    Value Estimations
    Cap Rate Potential
    9.4%
    Office buildings
    Location Intelligence
    Property ID
    US59-2151088
    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

    • Riverside Medical Group - Medford Station Internal Medicine / Medical Clinic
    • Advocare Medford Station / Medical Clinic
    • Joseph Hickey, MD / Physician
    • Etched Beauty by Alisha Lynn @Arch by Jill Marie / Medical Clinic / Skin Care Clinic
    • Optum Internal Medicine - Medford / Physician

    Property Details for 69 N Main St

    Year built
    1950
    Lot size
    0.64 lot acres
    Property size
    3,763 SF
    Zone code
    HVC
    Property type
    Office buildings
    APN
    20 01401- 01-00009- 02
    APU
    2001401010000902

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $600,000
      6.5%
      $555,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $640,000
      Market price range: $137k - $640k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $700,000
      Current use
      COMMERCIAL (GENERAL)
      $575,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8235
    Latitude
    39.903
    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
    $17,215
    $245,400
    $284,300
    $529,700
    -
    $245,400
    $284,300
    $529,700

    Comparable in this City

    • Value Estimation
      $650,000
      2,566 SF

      10 Main St

      OFFICE BUILDING • 2,566 SF
      10 Main St, Medford, NJ 08055-2466
      View Details
    • Value Estimation
      $815,000
      4,848 SF

      416 Stokes Rd

      OFFICE BUILDING • 4,848 SF
      416 Stokes Rd, Medford, NJ 08055
      View Details
    • Value Estimation
      $1,525,000
      9,336 SF

      143 Medford Mt Holly Rd

      OFFICE BUILDING • 9,336 SF
      143 Medford Mt Holly Rd, Medford, NJ 08055-2511
      View Details
    • Value Estimation
      $2,250,000
      13,316 SF

      520 Stokes Rd

      OFFICE BUILDING • 13,316 SF
      520 Stokes Rd, Medford, NJ 08055-2904
      View Details
    • Value Estimation by Request
      598 SF

      23 Main St Ste, Unit 1

      OFFICE BUILDING • 598 SF
      23 Main St Ste, Medford, NJ 08055-2444
      View Details
    • Value Estimation
      $695,000
      4,607 SF

      162 Old Marlton Pike

      OFFICE BUILDING • 4,607 SF
      162 Old Marlton Pike, Medford, NJ 08055-8749
      View Details

    Similar Nearby for Sale

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      Commercial Office Building Investment Opportunity

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      Medford Office Building For Sale

      Three-story office building in Medford's commercial zone.
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    • $400,000

      Medford Office/Retail/Medical Building For Sale

      3,600 SF Medford building suitable for office, retail, or medical use.
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      Medford Office Building For Sale

      Two-story office building in Medford with income-generating tenants.
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    Similar Nearby for Lease

    • $5,600 /Mo

      Medford Office/Retail/Medical Building For Rent

      3,600 SF office/retail/medical building in Medford's heart.
      414 Stokes Rd, Medford, NJ 08055
      View Details
    • $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
    • $14 SF/Yr
      25,601 SF

      Taunton Forge Medical Office Space

      Medford, NJ medical office suites available.
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    • New
      $1,875 /Mo
      87,120 SF

      Medford Office Space For Lease

      Professional/medical office space in Medford, NJ with existing build-out.
      334 Stokes Rd, Medford, NJ 08055
      View Details
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    69 N Main St
    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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