Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Office Suites for Lease Title is generated by Realmo AI

    185 Plains Rd, Milford, CT 06461

    View on Map
    Claim this Listing
    For Lease
    $19 SF/Yr $16,308/Mo (calc)

    Office suites available in renovated building with on-site management.

    Type:Commercial
    Property size:
    10,300 SF
    Added:
    May 20, 2026
    Days on Market:
    10
    Last Refresh:
    May 20 at 11:18 am

    Property Features for 185 Plains Rd

    General Information

    Standard status
    Active
    Size
    10,300 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Kenneth S. Ginsberg

    Listing agent Kenneth S. Ginsberg

    Listing office KNG Realty LLC

    Listing date May 20, 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 KNG Realty LLC

    HighLights

    • Office suites available, ranging from 1,300 to 10,300 SF.
    • Benefit from on‑site owner and building management.
    • Enjoy fully renovated restrooms on every floor.
    • Spacious conference center available for tenants.
    • Impress clients with a fully renovated lobby featuring a three‑story atrium.
    • Very walkable location (Walk Score: 71).

    Overview

    Office suites ranging from 1,300 to 10,300 square feet are available for lease. The building features on-site ownership and management. Renovations include restrooms on every floor and a lobby featuring a three-story atrium and cafeteria. A spacious conference center is also available. The location has a walk score of 71, indicating it is very walkable, and a bike score of 43, indicating it is somewhat bikeable.
    Location Intelligence

    Current Use by Public Records

    Real Estate Law ... Law Firm Jacobi & Case Law Firm Karp & Langerman, P.C. Law Firm T3 Group (Bike/Boat/Book/etc) Store ConnectPay Payroll Services Employment Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0801651
    Latitude
    41.2253213

    Nearby Similar for Lease

    • $5,000/Mo
      2,141 SF

      Milford Commercial Space For Rent

      Professional or medical office space near Yale New Haven Milford.
      256 Seaside Avenue, Milford, CT 06460
      View Details
    • $2,000/Mo
      1,600 SF

      Milford Commercial Space For Lease

      1600 SF office or retail space available in Milford, CT.
      990 Bridgeport Avenue, Milford, CT 06460
      View Details
    • $2,450/Mo
      1,264 SF

      Downtown Milford Office Suite

      High-visibility office suite in downtown Milford with ample parking.
      61 Cherry St C2, Milford, CT 06460
      View Details
    • $2,000/Mo
      850 SF

      Downtown Milford Commercial Condominium

      Versatile 850 SF commercial space in Downtown Milford.
      185 Broad Street #D, Milford, CT 06460
      View Details
    • $5,000/Mo
      2,141 SF

      Medical Office Space For Rent

      Medical office space near Yale New Haven Milford Campus.
      256 Seaside Avenue, Milford, CT 06460
      View Details
    • $1,250/Mo
      600 SF

      Charming Commercial Space on Milford Green

      Versatile commercial space suitable for retail, office, or wellness uses.
      150 Broad Street #1A, Milford, CT 06460
      View Details
    • $2,250/Mo
      1,200 SF

      Retail Space with Basement Storage

      1,200 SF retail space with 1,200 SF basement.
      232 Boston Post Road #A, Milford, CT 06460
      View Details
    • $1,900/Mo
      700 SF

      Remodeled Unit Near I-95

      Completely remodeled 700 sqft unit with modern amenities.
      65 Avon Street Unit 2, Milford, CT 06461
      View Details
    • $3,200/Mo
      2,588 SF

      Charming Milford Multi-Family Home

      Historic multi-family home near downtown Milford with convenient amenities.
      316 W Main St 2, Milford, CT 06460
      View Details
    • $30 SF/Yr
      2,262 SF

      Medical Office Space For Lease

      2,262 SF +/- space in desirable Milford location.
      233 Broad Street, Milford, CT 06460
      View Details
    • $12 SF/Yr
      2,000 SF

      Milford Flex Space Available

      2,000 SF flex space near I-95 in Milford.
      71 Eastern Steel Road, Milford, CT 06460
      View Details
    • $20 SF/Yr
      1,674 SF

      Milford Commercial Space For Rent

      Commercial space in Milford with high visibility and ample parking.
      680 Boston Post Rd, Milford, CT
      View Details

    FAQs

    What type of property is this?
    Office units - Office suites available in renovated building with on-site management.
    Where is this office units located?
    The property is located at 185 Plains Rd Milford, CT.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: Office suites available, ranging from 1,300 to 10,300 SF.; Benefit from on‑site owner and building management.; Enjoy fully renovated restrooms on every floor.
    (203) 376-6266
    We can help!
    Listing Contact
    Kenneth S. Ginsberg
    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
    185 Plains Rd, Milford, CT 06461
    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!