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    Historic Building in Milford, PA Title is generated by Realmo AI

    100 2nd Street, Milford, PA 18337

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    Claim this Listing
    For Sale
    $349,000

    COMMERCIAL - Milford, PA

    Type:Single Family Residence
    Property size:
    1,539 SF
    Lot size:
    0.09 Acres
    Price / SF:
    $226/SF
    Added:
    Apr 28, 2025
    Days on Market:
    401
    Last Refresh:
    Jun 2 at 11:06 pm

    Property Features for 100 2nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Zoning
    (CO4)
    Bathrooms
    1
    Rooms
    Game Room, Bathroom 1, Den, Basement
    Parking
    4
    Parking features
    Garage
    Security features
    Security System
    Exterior features
    Lighting
    Basement
    Storage Space
    Standard status
    Active
    APN
    113.17-01-32
    Size
    1,539 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Description
    113.17-01-32 Control 000456
    Tax Annual Amount
    4869

    Utilities

    Sewer type
    Cesspool
    Heating system
    Hot Water(Heating), Natural Gas
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1820
    Floors in Building
    2
    Flooring type
    Hardwood
    Building materials
    Frame
    Roof type
    Asphalt, Metal

    We can help!

    Listing Contact
    Elena Quinn
    Elena Quinn

    Listing agent Elena Quinn

    Listing office Keller Williams RE Milford 205 E Harford Street, Stroudsburg, PA

    Listing date Apr 28, 2025

    MLS# PW-251444 Listing URL

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Located in the walkable heart of Milford, PA, this commercial building offers approximately 1,500 square feet of space. Originally constructed in the 1800s, the property retains its historic character while incorporating modern updates. The building's features include updated hardwood flooring, an open layout suitable for exhibitions or studio work, a bathroom with a shower, and a small kitchen. It also has a metal roof, wheelchair access in the rear, and 200 AMP service. City water is provided. The property is situated close to Route 84, Route 209, and the bridge into New Jersey. Adequate backyard space is available for a patio. The property benefits from high foot traffic due to its location in Milford's Cultural District and its proximity to local shops, cafes, Log Tavern Brewery, and La Posada. The building is currently used as a guitar business. It is located minutes from New York and New Jersey, and approximately 1.5 hours from New York City. The zoning is (CO4).

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $32.3k $21.00
    − Vacancy −$7.1k −$4.62
    EGI $25.2k $16.38
    − OpEx −$6.3k −$4.10
    NOI $18.9k $12.29
    1,539 SF · lease $21.00/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $270.1K
    $236.3K – $315.1K (±1% cap)
    NOI $18,907 @ 7.0% cap · market cap 5.42%
    Second Best
    Retail
    $206.6K
    $180.8K – $241.1K (±1% cap)
    NOI $14,463 @ 7.0% cap · market cap 4.14%
    Theoretical Best
    Office A
    $375.6K
    $328.6K – $438.2K (±1% cap)
    NOI $26,290 @ 7.0% cap · market cap 7.53%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Cabinet Shop Kitchens ... Hardware & Home Improvement Water Wheel Guitars (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bashful Blooms — 319 Broad St, Milford, PA 18337

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Pike
    State
    Pennsylvania
    Longitude
    -74.7992947
    Latitude
    41.3185972

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    FAQs

    What type of property is this?
    Storefront property - Unique commercial building in Milford's vibrant cultural district.
    Where is this storefront property located?
    The property is located at 100 2nd Street Milford, PA.
    What is the asking price?
    The asking price for this property is $349,000.
    (845) 313-6332
    We can help!
    Listing Contact
    Elena Quinn
    Elena Quinn
    Request Owner's contact information
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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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