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    Historic Milford Professional Office Suite Title is generated by Realmo AI

    308 W Harford Street, Milford, PA 18337

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    Claim this Listing
    New
    For Sale
    $525,000

    SINGLE_FAMILY - Milford, PA

    Type:Office
    Property size:
    1,128 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $465/SF
    Added:
    May 15, 2026
    Days on Market:
    3
    Last Refresh:
    May 17 at 11:06 am

    Property Features for 308 W Harford Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercial
    Rooms
    Basement
    Parking
    6
    Parking features
    Parking Lot, Driveway, Garage, Off Street
    Exterior features
    Lighting
    Basement
    Exterior Entry, Unfinished, Block, Interior Entry, Full, Concrete, Storage Space
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    APN
    112.16-01-44 000187
    Size
    1,128 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Annual Amount
    7827

    Utilities

    Heating system
    Natural Gas, Forced Air
    Cooling system
    Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1926
    Floors in Building
    2
    Flooring type
    Wood
    Building materials
    Frame, Wood Siding
    Roof type
    Asphalt, Shingle

    We can help!

    Listing Contact
    Charlie Kimler

    Listing agent Charlie Kimler

    Listing office Iron Valley R E Innovate 1307 Purdytown Turnpike, Lakeville, PA

    Listing date May 15, 2026

    MLS# PW-261436 Listing URL

    Copyright © 2026 Pike/Wayne Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey professional suite in a high‑visibility, historic downtown location.
    • Features four private offices, reception area, and conference room (1,128 sq. ft. interior).
    • Secure storage space of 800 sq. ft. for record retention.
    • Private off‑street parking with a detached two‑car garage and parking lot.
    • Accessible entrance ramp and wraparound deck for enhanced curb appeal.
    • Walking distance to key locations: Pike County Court House, Post Office, Bank and restaurants.

    Overview

    Located in historic Milford, PA, the property at 308 West Harford Street is a standalone two-story commercial building suitable for a variety of professional practices. The 1,128 sq. ft. interior includes four private offices, a reception area, and a dedicated conference room. The building also features 800 sq. ft. of secure document storage space. The property includes a dedicated entrance ramp and a wraparound deck. It also has a detached two-car garage and a private parking lot. The building is situated in a high-visibility downtown location within walking distance to the Pike County Court House, County Administration Building, six real estate brokerages, a post office, a bank, and restaurants. The lot size is 0.23 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Roaring Brook Abstract ... Insurance Agency Law Offices of Christopher ... Law Firm Pocono Homes Real ... Real Estate Agency

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Pike
    State
    Pennsylvania
    Longitude
    -74.8075416
    Latitude
    41.3246867

    Nearby Similar for Sale

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    • Contact for pricing

      Retail Space with High Visibility

      Retail space with excellent visibility and access to Route 29.
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    FAQs

    What type of property is this?
    Office building - Turnkey office building with private offices, storage, and parking.
    Where is this office building located?
    The property is located at 308 W Harford Street Milford, PA.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: Turnkey professional suite in a high‑visibility, historic downtown location.; Features four private offices, reception area, and conference room (1,128 sq. ft. interior).; Secure storage space of 800 sq. ft. for record retention.
    (570) 647-5809
    We can help!
    Listing Contact
    Charlie Kimler
    Learn More
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    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.

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