First-Floor Office
For Sale
Contact for pricing
17 Armory Road, Milford, NH 03055
The floor can be occupied as one space or divided into two separate suites.
Property Size4,800 SF
Price / SF$0.00
Days on Market70
Property Features for 17 Armory Road
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Amenities
signage
Listing Agency:
Proctor & Greene Real Estate
(603) 673-7314
Listed By:
Alyssum Proctor-Russell · License #Alyssum Proctor-Russell
(603) 801-7485
Source:
Longviewcre
Added: Aug 24
Changed: Oct 28
Last Checked: Oct 28 at 3:24PM
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 Proctor & Greene Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Office space occupies the building’s first floor, with 4,800 SF available in total. The layout can be configured as a 1,500 SF suite, a 3,300 SF suite, or the full floor, providing several occupancy arrangements within one property.
The property sits at the Routes 101 and 13 intersection at 17 Armory Road in Milford. On-site parking, signage, and access are among its stated features.
The property sits at the Routes 101 and 13 intersection at 17 Armory Road in Milford. On-site parking, signage, and access are among its stated features.
Key Highlights
- 4,800 SF across the first floor
- Available as a 1,500 SF suite, a 3,300 SF suite, or the full floor
- At the corner of Routes 101 & 13
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,272
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,440
$1.7M
Cap Rate 7%
$1,203,886
$1.2M
Cap Rate 9%
$936,356
$936.4K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$129.6K $27.00/SF
− Vacancy
−$17.2K −$3.59/SF
EGI
$112.4K $23.41/SF
− OpEx
−$28.1K −$5.85/SF
NOI
$84.3K $17.56/SF
Area
Hillsborough County, NH
Vacancy
13.30%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,440
Cap Rate 7%
$1,203,886
Cap Rate 9%
$936,356
Alternative Uses
Best Use
Healthcare Medical
$5.03M
$4.40M – $5.87M
NOI $352,071 @ 7.0% cap · market cap 2,347,140.00%
Second Best
Office B
$1.20M
$1.05M – $1.40M
NOI $84,272 @ 7.0% cap · market cap 561,813.33%
Theoretical Best
Specialty Retail
$8.79M
$7.70M – $10.26M
NOI $615,600 @ 7.0% cap · market cap 4,104,000.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
100
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
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The floor can be occupied as one space or divided into two separate suites.
Where is this office unit located?
The property is located at 17 Armory Road Milford, NH.
What are key features of this property?
This property features: 4,800 SF across the first floor; Available as a 1,500 SF suite, a 3,300 SF suite, or the full floor; At the corner of Routes 101 & 13
