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

    716 Stokes Rd Medford, NJ 08055-2903

    • Commercial real estate
    • 1,731 SF
    • 0.53 lot acres
    OFF-MARKET
    Last Sale
    Mar 15, 2023
    $565,000
    Value Estimations
    $610,000
    Show details
    Cap Rate Potential
    2.2%
    Commercial real estate
    Location Intelligence
    Property ID
    US59-2757717
    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

    • Conoco / Gas Station
    • US Gas / Gas Station

    Property Details for 716 Stokes Rd

    Year built
    1962
    Lot size
    0.53 lot acres
    Property size
    1,731 SF
    Zone code
    CC
    Property type
    Commercial real estate
    APN
    20 04801- 05-00006
    APU
    20048010500006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000
      ML approach
      $645,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.8093
    Latitude
    39.8663
    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
    $8,613
    $198,100
    $66,900
    $265,000
    -
    $198,100
    $66,900
    $265,000

    Comparable in this City

    • Value Estimation by Request
      1.44 Acres

      4 Milford Dr

      COMMERCIAL (GENERAL) • 1.44 Acres
      4 Milford Dr, Medford, NJ 08055-8151
      View Details
    • Value Estimation by Request
      1.86 Acres

      7 Milford Dr

      COMMERCIAL (GENERAL) • 1.86 Acres
      7 Milford Dr, Medford, NJ 08055-8153
      View Details
    • Value Estimation by Request
      11.14 Acres

      185 Tuckerton Rd

      COMMERCIAL (GENERAL) • 11.14 Acres
      185 Tuckerton Rd, Medford, NJ 08055-8803
      View Details
    • Value Estimation
      $2,800,000
      18,184 SF

      617 Stokes Rd

      COMMERCIAL (GENERAL) • 18,184 SF
      617 Stokes Rd, Medford, NJ 08055-3097
      View Details
    • Value Estimation by Request
      4,922 SF

      283-287 Old Marlton Pike, Unit 287

      COMMERCIAL (GENERAL) • 4,922 SF
      283-287 Old Marlton Pike, Medford, NJ 08055-8761
      View Details
    • Value Estimation
      $740,000
      1,305 SF

      148 Old Marlton Pike

      COMMERCIAL (GENERAL) • 1,305 SF
      148 Old Marlton Pike, Medford, NJ 08055-8707
      View Details

    Similar Nearby for Sale

    • $299,000
      9,583 SF

      Medford NJ Commercial Lot

      Prime Medford Location, Redevelopment Zone
      108 Main St, Medford, NJ 08055
      View Details
    • $445,000
      2.00 Acres

      Medford Commercial Land Opportunity

      Prime 2-acre lot, ideal for development.
      328 Stokes Rd, Medford, NJ 08055
      View Details
    • $2,500,000
      11,115 SF

      Medford Lakes Retail Investment

      11,115 SF Vacant Retail Building, NNN Lease
      200 Tuckerton Rd, Medford Lakes, NJ 08055
      View Details
    • $284,500
      1,356 SF

      Route 70 Medford Commercial Property

      High-traffic location, versatile office space.
      353 Route 70, Medford, NJ 08055
      View Details
    • $474,900
      3,300 SF

      Medford Office Building Investment

      Historic Medford Office, High Visibility
      414 Stokes Rd, Medford, NJ 08055
      View Details
    • $1,150,000
      6,250 SF

      638-640 Stokes Rd

      Retail properties • 6,250 SF
      638-640 Stokes Rd, Medford, NJ 08055
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      209,088 SF

      Professional Office Suite in Medford

      Exquisite office suite for lease in Medford, New Jersey.
      133 Jackson Rd, Medford, NJ 08055
      View Details
    • $3,658 /Mo

      Medford Office/Retail Space Available

      Office and retail space available for rent in Medford.
      715 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
    • $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.
    716 Stokes Rd
    Medford, NJ 08055-2903
    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.