Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    258 Main St Milford, MA 01757

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr ($8,708 /Mo)

    40,000 SF office and retail property with flexible spaces.

    Property size:
    5,500 SF
    Lot size:
    1.40 Acres

    Property Features for 258 Main St

    General Information

    Size
    5,500 SF
    Lot size
    1.40 Acres

    We can help!

    Listing Contact
    Craig Johnston
    Craig Johnston
    Source: Moodyscre

    Listing Agent: Craig Johnston

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

    Learn more

    Property Insight Report

    Overview

    Versatile Office and Retail Property

    The property at 258 Main Street, Milford, MA, is a 40,000 SF office and retail building constructed in 1985. It offers flexible spaces ranging from 400 to 5,500 SF. This three-story building features elevator access and ample parking with 100 spaces. The property is situated in a prime location surrounded by numerous local amenities. It is suitable for businesses seeking convenience, accessibility, and visibility in a commercial hub.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Keli Oliveira Aesthetics Beauty Salon Wyspianski Karen Accountant Soothing Touch Massage ... Massage Therapist Waxed By Amy Waxing Hair Removal Service Morin James M ... Dentist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5212729
    Latitude
    42.1382224

    Nearby Similar for Lease

    • Contact for pricing
      5,000 SF

      Prime Retail Space in Milford

      Built-to-suit retail opportunity in a high-traffic Milford plaza.
      350 E Main St, Milford, MA 01757
      View Details
    • Contact for pricing
      16,512 SF

      Milford Retail/Office Space for Lease

      Retail and office space with high visibility and ample parking.
      231 East Main St, Milford, MA 01757
      View Details
    • Contact for pricing
      42,000 SF

      Milford Medical/Office Space for Lease

      Medical/office suites and full floor available in Milford, MA.
      321 Fortune Blvd, Milford, MA 01757
      View Details
    • $1.00 SF/Yr

      Milford Industrial Parking/Storage Terminal

      1.5-acre paved lot in Milford's Industrial Park available for lease.
      3 Industrial Dr, Milford, MA 01757
      View Details
    • $15 SF/Yr

      Milford Industrial Warehouse with Office

      6,000 SF industrial space with office near major routes.
      6 Commercial Way, Milford, MA 01757
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Milford Plaza

      Retail space available in updated Milford Plaza shopping center.
      91 Medway Rd, Milford, MA 01757
      View Details
    • $15 SF/Yr

      First Floor Office Suite Available

      First floor office suite with private entrance and handicap accessibility.
      55 Sumner St, Milford, MA 01757
      View Details
    • $192 SF/Yr
      2,750 SF

      Main Street Medical Office Space

      Prime Medical Office, 2750 sq ft, Net Lease
      189 Main St, Milford, MA 01757
      View Details
    • Contact for pricing
      4,648 SF

      Milford Office/Life Science Campus

      Office/life science campus with highway access and nearby amenities.
      25 Birch St, Milford, MA 01757
      View Details
    • Contact for pricing
      50,205 SF

      Milford Square Retail Opportunity

      Prime Milford, MA retail space available.
      138 Main St, Milford, MA 01757
      View Details
    • Contact for pricing
      6,364 SF

      Prime Milford Retail Space

      6,364 SF Free-Standing Retail Building
      5 Medway Rd, Milford, MA 01757
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space Near Route 495

      1,500 SF retail space conveniently located off Route 495.
      200 Fortune Blvd, Milford, MA 01757
      View Details

    FAQs

    What type of property is this?
    Office space - 40,000 SF office and retail property with flexible spaces.
    Where is this office space located?
    The property is located at 258 Main St Milford, MA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in a thriving commercial hub.; - Flexible spaces ranging from 400 to 5,500 SF.; - Ample parking with 100 spaces.
    (508) 655-5626
    Request Owner's contact information
    258 Main St Milford, MA 01757
    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.
    258 Main St
    Milford, MA 01757
    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
    258 Main St Milford, MA 01757
    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
    Craig Johnston
    Craig Johnston
    Real Estate License ID: MA 9010879-RE-B
    (508) 655-5626
    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.