Corner Mixed-Use
For Sale
Contact for pricing
188 Elm Street, Milford, NH 03055
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 Market74
Property Features for 188 Elm Street
General Information
Standard status
Active
Size
1,209 SF
Property subtype
Commercial
Additional Details
Floor
1
Corner Location
Yes
Property Use
Office/Retail
Building Details
Year Built
1960
Listing Agency:
Century 21 Cardinal
(603) 889-3233
Listed By:
William Brown · License #William Brown
(603) 459-4059
Source:
Longviewcre
Added: Aug 20
Changed: Oct 28
Last Checked: Oct 28 at 4:19PM
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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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 57%
Home Improvements & Furnishings 24%
Shops & Services 19%
Wendy's
Dining
13,255 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
10,512 visits/mo
0.1 miles
Dunkin' Donuts
Dining
7,128 visits/mo
0.3 miles
Citizens Bank
Shops & Services
4,106 visits/mo
0.2 miles
Jade Dragon
Dining
2,959 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
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 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
