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    FOR LEASE
    Commercial real estate

    703 Stokes Rd OFFICE #, Medford, NJ 08055

    10,348 SF 0.97 ac lot Built 1950
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US59-1196468
    Property summary
    AI-generated overview

    This Medford, NJ office space offers a fantastic opportunity for businesses seeking a convenient and accessible location. Situated on a 0.97-acre lot at 703 Stokes Road, Unit #9, this second-story office is currently undergoing updates, including fresh paint in the common areas and upcoming flooring improvements. The unit itself boasts 12 offices and a total of 20 rooms, providing ample space for various business needs. Enjoy the benefits of 24-hour access, secure individual mailboxes, and ample parking in both front and rear lots. The property's central location provides easy access to a wide array of amenities, including a post office, office supply store, dry cleaners, restaurants, banks, and convenience stores. Its strategic location near major highways (I-295, Routes 38, 206, 73, 70, PA & NJ Turnpikes, and the Atlantic City Expressway) ensures seamless connectivity to central Philadelphia, the Jersey Shore, and New York City (within approximately 30 minutes, 1 hour, and 2 hours respectively). Proximity to key bridges (Ben Franklin, Walt Whitman, Tacony-Palmyra, Burlington/Bristol) and airports (Philadelphia International, Atlantic City International, and Trenton Airport) further enhances its accessibility. Nearby shopping destinations include the Promenade Shopping Center, Cherry Hill & Moorestown Malls, the Market Place at Garden State, and Centerton Square/Moorestown. This updated office space offers an affordable option at $300.00 per month.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 1950
    Construction FRAME
    Total area 10,348 SF
    Lot 0.97 ac (42,253 SF)
    Zoning code CC
    APN 20 04802-0000-00006- 03
    UPID US59-1196468
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Depetris Paul Law Firm
    • 541 Barbershop Barber Shop
    • Peak Insurance Agency LLC Insurance Agency
    • Ardhi Real Estate Real Estate Agency
    • Ready To Care LLC Home Health Care Service
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $685k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $613k
    Blend (final) Blend
    $710k
    Owner & transaction history
    Pistorio LLC · 4 yrs held
    Pistorio LLC
    since 2022
    Last sale
    $775,000
    1 recorded transaction
    2022
    $775,000
    Zoning & alternative use
    CC · Medford, NJ
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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