Property profile

708 Stokes Rd Medford, NJ 08055

FOR SALE
Commercial real estate
Property ID
US59-3164369
10,000 SF 0.77 ac lot Built 1969
Entity Owned 19-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 10,000 square foot free-standing building presents a rare opportunity in Medford, NJ. Situated on a 0.77-acre lot in a prime business district on Stokes Road, this property boasts a daily traffic count of 20,000-25,000 vehicles, ensuring high visibility and accessibility. The building, renovated in 2009, features a flexible layout adaptable to various commercial and mixed uses, permitted within the Community Commercial (CC) Zone. Currently configured as two units, it could easily accommodate multiple tenants. The property includes a dynamic showroom, ample parking for 40+ vehicles, and is completely solar-powered, reducing operational costs. Its location offers significant advantages: proximity to major roadways (I-295, Routes 38, 70, 73, 206, PA & NJ Turnpikes, Atlantic City Expressway), first-class medical facilities (University of Pennsylvania, Cooper MD Anderson, Fox Chase, Virtua), and prominent shopping centers (Promenade, Moorestown Mall, Cherry Hill Mall). The building benefits from excellent demographics, surrounded by high-income housing developments ($125,748 average annual household income). Public sewer and a private well are in place. The roof carries a 35-year warranty. This property is being sold "AS IS". This is a truly unique opportunity for businesses seeking high visibility, accessibility, and flexibility in a thriving Medford location.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1969
Total area 10,000 SF
Lot 0.77 ac (33,541 SF)
Zoning code CC
APN 20 04801- 05-00008
UPID US59-3164369

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Electrical Service General Contractor
  • Insurance Agency

Location

708 Stokes Rd Medford, NJ 08055
Medford metro Census 703801 PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.31M
Comparable Approach Comparable
$1.31M
Blend (final) Blend
$1.20M

Owner & transaction history

3 recorded transactions
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CC · Medford, NJ
Zoning description

All Uses permitted in the CC Community Commercial or RC Restricted Commercial Districts specified in Subsection 411.A of this ordinance. 9. Indoor and Outdoor Recreational Uses, such as health spas, gyms, tennis and racq…

General category COMMERCIAL
Top alternative use upside
Office building $1.9M +21.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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