Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Milford Office Suite Title is generated by Realmo AI

    61 Cherry Street Unit C2, Milford, CT 06460

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Second-floor office suite in downtown Milford with ample parking.

    Type:Commercial
    Property size:
    1,264 SF
    Added:
    Apr 10, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 20 at 2:09 pm

    Property Features for 61 Cherry Street Unit C2

    General Information

    Standard status
    Active
    Size
    1,264 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1990

    We can help!

    Listing Contact
    Nick Mastrangelo

    Listing agent Nick Mastrangelo License #452508574

    Listing office Coldwell Banker Realty

    Listing date Apr 10, 2026

    Source Iverty

    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 Coldwell Banker Realty

    HighLights

    • Strategic downtown Milford location with high‑visibility frontage on Cherry Street.
    • Ample on‑site parking for staff and clientele.
    • Four spacious private offices (convertible to five) and a dedicated conference room.
    • Less than 0.6 miles from Milford Superior Court, City Hall, and the Metro‑North station.
    • Professionally maintained complex.
    • Front‑building placement with prominent signage at the driveway entrance.

    Overview

    Located in downtown Milford, this 1,264 square foot second-floor office suite is situated in Harmony Place. The property offers frontage on Cherry Street. The layout includes four private offices, which can be converted to five, and a conference room. The building is less than 0.6 miles from Milford Superior Court, City Hall, and the Metro-North station. On-site parking is available for staff and clients. The location provides access to a walkable downtown setting.
    Location Intelligence

    Current Use by Public Records

    Law Offices of Charles ... Law Firm Edward Murnane, Esq. ... Law Firm Law Offices of John ... Law Firm Elizabeth Street Scholarship ... Association / Organization Gencorp Insurance Group ... Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0539
    Latitude
    41.226821

    Nearby Similar for Sale

    • $1,500,000
      7,000 SF

      Auto Body Shop with Dealer License

      For sale auto body shop with dealer’s license and about 200 feet of frontage on busy Route 1.
      998 Bridgeport Avenue, Milford, CT 06460
      View Details
    • $500,000
      4,591 SF

      Live-Work Warehouse with Office Space

      A combined warehouse and office building with an attached 1920s residence, providing flexible live-work setup.
      233 W River Street, Milford, CT 06460
      View Details
    • $1,695,000
      8,000 SF

      Strip Center with Major Retail Tenants

      Freestanding strip center with 8,000 SF and CDD5 zoning, positioned on Boston Post Road.
      16 Red Bush Lane, Milford, CT 06461
      View Details
    • $699,900
      1,575 SF

      Renovated Duplex Near Walnut Beach

      Remodeled duplex one block from Walnut Beach with many upgrades.
      62-64 Park Avenue, Milford, CT 06460
      View Details
    • $100,000
      4,000 SF

      Axe Throwing Bar & Lounge

      Ready-to-go entertainment venue with nine custom axe throwing lanes, bar and game areas, plus a small on-site kitchen.
      975 Bridgeport Avenue, Milford, CT 06460
      View Details
    • $649,000
      7,272 SF

      Milford Commercial Building with Warehouse

      Commercial building with warehouse, offices, and additional lot.
      671 Naugatuck Avenue, Milford, CT 06461
      View Details
    • $500,000
      4,591 SF

      Live-Work Opportunity on Boston Post

      Mixed-use property with residential and commercial spaces in Milford, CT.
      233 West River Street, Milford, CT 06460
      View Details
    • $650,000
      3,289 SF

      Restaurant with Redevelopment Potential

      Fully operational restaurant with income and redevelopment potential.
      227 Bridgeport Avenue, Milford, CT 06460
      View Details
    • $950,000
      1,102 SF

      Restaurant/Deli with Real Estate

      Restaurant/Deli with real estate for sale in Milford, CT.
      883 North Street, Milford, CT 06461
      View Details
    • $1,522,869
      12,392 SF

      Caliber Collision Auto Body Shop

      Nationally recognized auto body repair shop for sale.
      392 Naugatuck Ave, Milford, CT
      View Details
    • $1,490,000
      14,000 SF

      Retail and Warehouse Space Available

      14,000 SF retail and warehouse space for sale.
      461 Bridgeport Ave, Milford, CT
      View Details
    • $1,500,000
      7,000 SF

      Body Shop Business For Sale

      Operating body shop with dealer's license on 0.79 acres.
      998 Bridgeport Ave, Milford, CT 06460
      View Details

    FAQs

    What type of property is this?
    Office units - Second-floor office suite in downtown Milford with ample parking.
    Where is this office units located?
    The property is located at 61 Cherry Street Unit C2 Milford, CT.
    What are key features of this property?
    This property features: Strategic downtown Milford location with **high‑visibility frontage on Cherry Street.**; Ample on‑site parking for staff and clientele.; Four spacious private offices (convertible to five) and a dedicated conference room.
    (203) 641-2100
    We can help!
    Listing Contact
    Nick Mastrangelo
    Real Estate License ID: 452508574
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    61 Cherry Street Unit C2, Milford, CT 06460
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!