Two-Story Office Building with Private
For Sale
$449,900
308 W Harford Street, Milford, PA 18337
SINGLE_FAMILY - Milford, PA
Property Size1,928 SF
Lot Size0.23 Acres
Price / SF$233.35
Days on Market95
Property Features for 308 W Harford Street
General Information
Property type
Residential
Property subtype
Office
Zoning
Commercial
Rooms
Basement
Parking
6
Parking features
Driveway, Garage, Off Street, Parking Lot
Exterior features
Lighting
Basement
Exterior Entry, Unfinished, Interior Entry, Full, Concrete, Storage Space, Block
Accessibility
Accessible Approach with Ramp
Elementary school district
Delaware Valley
Middle school district
Delaware Valley
High school district
Delaware Valley
Directions
Route 6 East to Milford Borough. Building on the right.
Standard status
Active
APN
112.16-01-44 000187
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
Shingle, Asphalt
Listing Agency:
Iron Valley R E Innovate
(570) 390-1500
Listed By:
Charlie Kimler
(570) 647-5809
Added: May 15
Changed: Aug 7
Last Checked: Aug 17 at 11:06AM
MLS# PW-261436
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.
Investment Insights
Based on property information with market context.
Standalone two-story office building featuring four private offices plus a reception area and a dedicated conference room, supported by 1,128 SF of office interior space. Additional amenities include 800 SF of secure storage, along with basement and walk-up attic storage. Interior finishes include hardwood floors and expansive windows, and the building’s frame construction with wood siding and exterior lighting contributes to a polished, professional setting.
The property sits on a 0.23-acre lot and is served by public water. Heating is forced air with natural gas, and cooling is provided via ceiling fans. Exterior features include a wraparound deck and a dedicated entrance with an accessible approach ramp.
Parking is designed for client convenience, with a detached two-car garage plus a private parking lot/off-street parking. The building is described as move-in ready with a secure, functional layout suited for professional practices.
The property sits on a 0.23-acre lot and is served by public water. Heating is forced air with natural gas, and cooling is provided via ceiling fans. Exterior features include a wraparound deck and a dedicated entrance with an accessible approach ramp.
Parking is designed for client convenience, with a detached two-car garage plus a private parking lot/off-street parking. The building is described as move-in ready with a secure, functional layout suited for professional practices.
Key Highlights
- 1,128 SF office interior with four private offices plus reception and conference room
- 800 SF secure storage, plus basement and walk‑up attic storage
- 0.23‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,685
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,700
$473.7K
Cap Rate 7%
$338,357
$338.4K
Cap Rate 9%
$263,167
$263.2K
Market Conditions
NOI Build-Up for 1,928 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.5K $21.00/SF
− Vacancy
−$8.9K −$4.62/SF
EGI
$31.6K $16.38/SF
− OpEx
−$7.9K −$4.10/SF
NOI
$23.7K $12.29/SF
Area
Pike County, PA
Vacancy
22.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$473,700
Cap Rate 7%
$338,357
Cap Rate 9%
$263,167
Alternative Uses
Best Use
Office B
$338.4K
$296.1K – $394.8K
NOI $23,685 @ 7.0% cap · market cap 5.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$470.5K
$411.7K – $548.9K
NOI $32,935 @ 7.0% cap · market cap 7.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
729
Businesses Nearby
Explore this area
Business Placement
Demographics for 18337, PA
15,519
Population
7,615
Households
2
Avg Household Size
47
Median Age
33%
College-Educated
95%
High-School Grad
71.8 sq mi
ZIP Area
216
Density / Sq Mi
$89,935
Median Household Income
$48,022
Median Earnings
$1,507
Median Rent
$284,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone two-story office building with four private offices, reception, conference room, and private off-street 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 $449,900.
What are key features of this property?
This property features: 1,128 SF office interior with four private offices plus reception and conference room; 800 SF secure storage, plus basement and walk‑up attic storage; 0.23‑acre lot
