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    107 NE Front St Milford, DE

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    For Sale
    $2,100,000

    Fully tenanted professional office space in Milford's Central Business District.

    Property size:
    13,224 SF
    Lot size:
    0.42 Acres

    Property Features for 107 NE Front St

    General Information

    Size
    13,224 SF
    Lot size
    0.42 Acres

    Source: NAI Coastal Agent Chris Davis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Milford Office Investment Opportunity

    This well-maintained and recently renovated investment property is located in downtown Milford, DE. The property features 10,712 square feet of fully-tenanted professional office space at NNN terms, with an additional 2,512 square feet of allocated expansion space, also NNN paid. The property is located within Milford's Central Business District and is surrounded by prospering businesses and in close proximity to Route 13. The Central Business District offers multiple incentives through the City of Milford and State of Delaware such as Opportunity Zone and Downtown Development District grants. The property contains two Class A, well-established Tenants with recently renewed lease terms, offering sustainable income and a strong Tenant mix. The property offers significant investment and income potential.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Sussex
    State
    Delaware
    Longitude
    -75.4279748
    Latitude
    38.9126129

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    FAQs

    What type of property is this?
    Office space - Fully tenanted professional office space in Milford's Central Business District.
    Where is this office space located?
    The property is located at 107 NE Front St Milford, DE.
    What is the asking price?
    The asking price for this property is $2,100,000.
    What are key features of this property?
    This property features: - High annual income of +\/- $180,000 at NNN terms.; - Fully tenanted 10,712 SF of professional office space.; - Located in Milford's Central Business District, offering potential incentives (Opportunity Zone, Downtown Development District grants).
    (443) 523-4539
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    Realmo Value Estimation

    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.

    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.

    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
    107 NE Front St Milford, DE
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