Corner Mixed-Use
188 Elm Street 2 west, Milford, NH 03055
For Sale
Contact for pricing
A street-corner ground-floor unit offers office and retail space in a mixed-use property.
Property Size1,209 SF
Price / SF$1.08
Days on Market81
Property Features for 188 Elm Street 2 west
General Information
Standard status
Size
Additional Details
Floor
Corner Location
Property Use
Building Details
Year Built
Listing Agency:
Century 21 Cardinal
(603) 889-3233
Listed By:
William Brown · License #William Brown
(603) 459-4059
Source:
Longviewcre
Added: Aug 20
Changed: Nov 7
Last Checked: Nov 7 at 9:20AM
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 Century 21 Cardinal
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Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,209-square-foot first-floor corner unit configured for office and retail use. The building dates to 1960.
The property is located at 188 Elm Street in Milford, New Hampshire.
The property is located at 188 Elm Street in Milford, New Hampshire.
Key Highlights
- 1,209‑square‑foot first‑floor corner unit
- Suitable for office and retail use
- Building constructed in 1960
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,853
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,060
$297.1K
Cap Rate 7%
$212,186
$212.2K
Cap Rate 9%
$165,033
$165.0K
Market Conditions
NOI Build-Up for 1,209 SF
Gross rent
$26.1K $21.60/SF
− Vacancy
−$2.4K −$1.94/SF
EGI
$23.8K $19.66/SF
− OpEx
−$8.9K −$7.37/SF
NOI
$14.9K $12.29/SF
Area
Hillsborough County, NH
Vacancy
9.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$297,060
Cap Rate 7%
$212,186
Cap Rate 9%
$165,033
Alternative Uses
Best Use
Retail
$241.6K
$211.4K – $281.8K
NOI $16,909 @ 7.0% cap · market cap 1,291.75%
Second Best
Mixed Use
$212.2K
$185.7K – $247.6K
NOI $14,853 @ 7.0% cap · market cap 1,134.68%
Theoretical Best
Specialty Retail
$2.22M
$1.94M – $2.58M
NOI $155,054 @ 7.0% cap · market cap 11,845.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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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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Market
Properties on Market for Mixed-use properties in Hillsborough County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A street-corner ground-floor unit offers office and retail space in a mixed-use property.
Where is this mixed-use property located?
The property is located at 188 Elm Street 2 west Milford, NH.
What are key features of this property?
This property features: 1,209‑square‑foot first‑floor corner unit; Suitable for office and retail use; Building constructed in 1960
