Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space on Milford Oval Title is generated by Realmo AI

    1 Elm St, Milford, NH 03055

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,200 /Mo

    Office space with utilities included in a prime location.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    29
    Last Refresh:
    Apr 24 at 8:33 pm

    Property Features for 1 Elm St

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Melanie Zaharias

    Listing agent Melanie Zaharias

    Listing office

    Listing date Apr 24, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Melanie Zaharias

    HighLights

    • Great location on the Milford Oval with high exposure.
    • Multiple offices available.
    • Utilities included in rent.
    • Public water and sewer.
    • Somewhat Walkable location (Walk Score: 53).
    • Building built in 1920.

    Overview

    This office space is located on the Milford Oval, offering a prominent location with good exposure. The layout includes multiple offices. Rent includes utilities. The property is connected to public water and sewer services. The location has a Walk Score of 53, indicating it is 'Somewhat Walkable', and a Bike Score of 44, suggesting it is 'Somewhat Bikeable'.
    Location Intelligence

    Current Use by Public Records

    Milford Orthodontics Dental Office Edward Jones - Financial ... Financial Advisor Edward Jones - Financial ... Financial Advisor Empire Wholesale Lumber ... Big Box & Wholesale Store Bales School High School

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.654175
    Latitude
    42.835343

    Nearby Similar for Lease

    • $500/Mo
      1,600 SF

      Office Suites on Milford Oval

      Second floor office suites available in downtown Milford.
      263 Union Sq, Milford, NH 03055
      View Details
    • $1,800/Mo

      Charming Office Space in Milford

      Antique office space with modern amenities in Milford's heart.
      64 South St, Milford, NH 03055
      View Details
    • $1,600/Mo

      Milford Office/Retail Unit For Rent

      Office/service retail unit for rent with prominent visibility.
      335 Nashua St, Milford, NH 03055
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space on Nashua Street

      Retail spaces available with high visibility near major brands.
      614 Nashua St, Milford, NH 03055
      View Details
    • $7 SF/Yr
      12,000 SF

      Granite Town Plaza Retail Space

      Retail units available in Granite Town Plaza, Milford, NH.
      185 Elm St, Milford, NH
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office building located in Milford, New Hampshire available for rent.
      600 Route 13, Milford, NH 03055
      View Details
    • Contact for pricing
      14,384 SF

      Milford Warehousing/Manufacturing Space Available

      Warehousing/Manufacturing building with space for lease in Milford, NH.
      1 Hampshire Drive, Milford, NH
      View Details
    • $10 SF/Yr
      31,625 SF

      Milford Warehouse and Office Space

      Freestanding warehouse and office building available for lease in Milford.
      48 Powers St, Milford, NH 03055
      View Details
    • $12 SF/Yr
      3,100 SF

      Adaptable Open Space for Rent

      Flexible 1,952 SF space suitable for various business needs.
      19 Cottage St, Milford, NH
      View Details
    • $10 SF/Yr

      48 Powers St.

      31,625 SF warehouse/office space available May 2025 in Milford, NH.
      48 Powers St, Milford, NH 03055, Milford, NH 03055
      View Details
    • Contact for pricing
      168,000 SF

      Grocery Anchored Shopping Center Space

      168,000 square-foot shopping center anchored by Shaw’s Supermarket.
      586 Nashua St, Milford, NH 03055
      View Details
    • $7 SF/Yr
      12,000 SF

      Retail Units in Granite Town

      Retail spaces available in Milford, NH, anchored by Tractor Supply.
      185 Elm St, Milford, NH 03055
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with utilities included in a prime location.
    Where is this office units located?
    The property is located at 1 Elm St Milford, NH.
    What is the lease rate?
    The lease rate is $2,200 /Mo.
    What are key features of this property?
    This property features: Great location on the Milford Oval with high exposure.; Multiple offices available.; Utilities included in rent.
    (603) 880-3059
    We can help!
    Listing Contact
    Melanie Zaharias
    Learn More
    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.
    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

    Thank You for Inquiry
    1 Elm St, Milford, NH 03055
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!