Prime Commercial Property in
For Sale
$2,850,000
15 Mont Vernon St, Milford, NH 03055
Versatile commercial property with high visibility and ample parking.
Property Size13,912 SF
Lot Size1.23 Acres
Days on Market162
Property Features for 15 Mont Vernon St
General Information
Standard status
Active
Size
13,912 SF
Lot size
1.23 Acres
Property subtype
Commercial
Building Details
Building Size
13,912 SF
Year Built
1970
Units
1
Listing Agency:
(603) 845-2286
Listed By:
Kimberly Reagan
(603) 845-2286
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 20 at 7:54AM
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 Kimberly Reagan
Investment Insights
Based on property information with market context.
This commercial property in Milford offers high visibility and a strong traffic count. The location is near the Milford Oval. Ample parking is available for customers and staff. The property is suitable for various uses, including retail shops, service businesses, a strip mall, or a warehouse. The building's layout allows for flexibility and customization. Anticipated availability is September 1. The property offers accessibility and visibility.
Key Highlights
- Prime commercial location with excellent visibility and strong traffic count.
- Versatile property suitable for retail, service businesses, strip mall, or warehouse.
- Ample parking for customers and staff.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$194,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,891,460
$3.9M
Cap Rate 7%
$2,779,614
$2.8M
Cap Rate 9%
$2,161,922
$2.2M
Market Conditions
NOI Build-Up for 13,912 SF
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.
Gross rent
$300.5K $21.60/SF
− Vacancy
−$22.5K −$1.62/SF
EGI
$278.0K $19.98/SF
− OpEx
−$83.4K −$5.99/SF
NOI
$194.6K $13.99/SF
Area
Hillsborough County, NH
Vacancy
7.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,891,460
Cap Rate 7%
$2,779,614
Cap Rate 9%
$2,161,922
Alternative Uses
Best Use
Retail
$2.78M
$2.43M – $3.24M
NOI $194,573 @ 7.0% cap · market cap 6.83%
Second Best
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,729 @ 7.0% cap · market cap 5.29%
Theoretical Best
Specialty Retail
$25.49M
$22.30M – $29.74M
NOI $1,784,214 @ 7.0% cap · market cap 62.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Explore this area
Business Placement
Demographics for 03055, NH
16,120
Population
6,692
Households
2.4
Avg Household Size
41
Median Age
34%
College-Educated
96%
High-School Grad
25.4 sq mi
ZIP Area
635
Density / Sq Mi
$94,514
Median Household Income
$52,979
Median Earnings
$1,569
Median Rent
$363,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile commercial property with high visibility and ample parking.
Where is this retail space located?
The property is located at 15 Mont Vernon St Milford, NH.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Prime commercial location with excellent visibility and strong traffic count.; Versatile property suitable for retail, service businesses, strip mall, or warehouse.; Ample parking for customers and staff.
