ADA-Compliant Retail
51 Sumner St #1, Milford, MA 01757
For Sale
Contact for pricing
IA-zoned commercial space with direct access to the Milford Upper Charles walking and bike trail.
Property Size1,200 SF
Price / SF$1.79
Days on Market60
Property Features for 51 Sumner St #1
General Information
Standard status
Size
Zoning
Additional Details
Highway Access
Amenities
secured play area
ADA compliant entrance and bath
Building Details
Year Built
Listing Agency:
Century 21 The Real Estate Group
(800) 942-3922
Listed By:
Dave Consigli · License #453000981
(508) 922-9644
Source:
Lockandkeyre
Added: Sep 9
Changed: Nov 6
Last Checked: Nov 6 at 9:04AM
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 The Real Estate Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot retail space is located in a 2006 building and includes an ADA-compliant entrance and bathroom. The property also has a secured play area and was most recently used as a custom kitchen and bath cabinet center. Its prior use included a day care center.
The site is within one mile of Route 495 and minutes from the Mass Pike, Route 140, Route 1, and Route 95. The front door connects directly to the Milford Upper Charles walking and bike trail, with Louisa Lake nearby. Zoned IA, Central Industrial, the property supports office, retail sales and service, childcare, and other uses allowed as a matter of right.
The site is within one mile of Route 495 and minutes from the Mass Pike, Route 140, Route 1, and Route 95. The front door connects directly to the Milford Upper Charles walking and bike trail, with Louisa Lake nearby. Zoned IA, Central Industrial, the property supports office, retail sales and service, childcare, and other uses allowed as a matter of right.
Key Highlights
- 1200 SF of retail space in a 2006 building
- IA (Central Industrial) zoning with office, retail sales and service, and childcare uses allowed as a matter of right
- Fully ADA compliant entrance and bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,745
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,900
$354.9K
Cap Rate 7%
$253,500
$253.5K
Cap Rate 9%
$197,167
$197.2K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$570 −$0.48/SF
EGI
$25.3K $21.12/SF
− OpEx
−$7.6K −$6.34/SF
NOI
$17.7K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$354,900
Cap Rate 7%
$253,500
Cap Rate 9%
$197,167
Alternative Uses
Best Use
Retail
$253.5K
$221.8K – $295.8K
NOI $17,745 @ 7.0% cap · market cap 825.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.8K
$358.6K – $478.1K
NOI $28,685 @ 7.0% cap · market cap 1,334.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
361
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Autopart International
Shops & Services
361 visits/mo
0.1 miles
Demographics for 01757, MA
30,479
Population
11,833
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
2,018
Density / Sq Mi
$92,951
Median Household Income
$47,975
Median Earnings
$1,702
Median Rent
$444,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Worcester County, MA
Properties on Market for Retail space in Worcester County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - IA-zoned commercial space with direct access to the Milford Upper Charles walking and bike trail.
Where is this retail space located?
The property is located at 51 Sumner St #1 Milford, MA.
What are key features of this property?
This property features: 1200 SF of retail space in a 2006 building; IA (Central Industrial) zoning with office, retail sales and service, and childcare uses allowed as a matter of right; Fully ADA compliant entrance and bath
