Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    107 NE Front St Milford, DE

    Loading data...
    Loading data...
    Loading data...
    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

    We can help!

    Listing Contact
    Chris Davis
    Source: Moodyscre

    Listing Agent: Chris Davis

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

    Learn more

    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

    Nearby Similar for Sale

    • $350,000
      0.03 Acres

      Downtown Milford Retail Space Available

      Prime retail space in vibrant downtown Milford with high visibility.
      22 S Walnut St, Milford, DE 19963
      View Details
    • Contact for pricing
      68,000 SF

      Milford Flex Space Opportunity

      34,000 SF flex space available in Milford, Delaware.
      301 SE 4Th St, Milford, DE 19963
      View Details
    • $249,900

      Charming Condo in Hearthstone Manor

      Two-bedroom, two-bathroom condo with attached garage in Milford, Delaware.
      3901D N Sagamore Dr, Milford, DE 19963
      View Details
    • $350,000

      Downtown Milford Retail Space Available

      Prime retail space in vibrant downtown Milford with high visibility.
      22 S Walnut St, Milford, DE 19963
      View Details
    • $625,000

      Versatile Commercial Property on US-113

      Two buildings totaling 4,408 SF on heavily trafficked S Dupont Blvd.
      719 S Dupont Blvd, Milford, DE 19963
      View Details
    • $269,000

      Updated Two-Bedroom Milford Condo

      Move-in ready, updated two-bedroom condo with garage in Milford.
      5101 B Stone Chase Way, Milford, DE 19963
      View Details
    • $350,000

      Commercial Property Investment Opportunity

      Well-located, fully occupied commercial property with expansion potential.
      280 N Rehoboth Blvd, Milford, DE 19963
      View Details
    • $949,000

      Freestanding Commercial Building on Bay

      4,400 SF commercial building on high-visibility Bay Rd.
      1973 Bay Rd, Milford, DE 19963
      View Details
    • $2,445,000

      Net Leased Investment Opportunity

      Net leased Wal-Mart pad site with attractive annual increases.
      945 N Dupont Hwy, Milford, DE 19963
      View Details
    • Contact for pricing
      9,439,888 SF

      Office Space in Milford Innovation

      Office space available for sale or lease in Milford, Delaware.
      Bucks Rd, Milford, DE 19963
      View Details
    • $234,567

      Milford Specialty Property For Sale

      Specialty property available for purchase in Milford, Delaware.
      803 N Washington St, Milford, DE 19963
      View Details
    • $288,990

      Farmerfield Street Land For Sale

      Land available on Farmerfield Street, Milford, Delaware.
      10974 Farmerfield St, Milford, DE 19963
      View Details

    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).
    (410) 543-5115
    Request Owner's contact information
    107 NE Front St Milford, DE
    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.
    107 NE Front St
    Milford, DE
    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
    107 NE Front St Milford, DE
    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

    We can help!
    Listing Contact
    Chris Davis
    Real Estate License ID: MD 302826
    (410) 543-5115
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.