Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Withheld Rd Milford, CT 06460

    • Investment properties
    For Sale
    View listing
    $85,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for Withheld Rd

    Property type
    Investment properties

    Description

    This exceptional business opportunity presents a fully equipped restaurant space in a prime Milford, CT location. Situated on Route 1, this establishment enjoys unparalleled visibility and high traffic volume, directly across from a Whole Foods Market, a lifestyle center, Chili's, P.C. Richards, and numerous other national retailers. The restaurant boasts a Mediterranean style interior, comfortably seating approximately 60 patrons, but is easily adaptable to any culinary concept. The fully operational kitchen is equipped with a large gas-fired oven, three six-burner commercial stoves and ovens, ensuring ample capacity for food preparation. All necessary equipment is included in the sale, encompassing booths, chairs, tables, plates, and silverware. Additional storage is provided by a walk-in cooler and a stand-up freezer located in the basement. The sale price of $85,000 includes the assumption of the current lease, which offers a two-year term with three five-year renewal options. This presents a unique opportunity for an established restaurateur or a new entrepreneur to capitalize on a highly desirable location and a well-equipped space. Contact us today to schedule a private showing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0488
    Latitude
    41.22

    Comparable in this City

    • Value Estimation
      $1,040,000
      7,020 SF

      1470 Boston Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 7,020 SF
      1470 Boston Post Rd, Milford, CT 06460-2773
      View Details
    • Value Estimation
      $1,710,000
      11,868 SF

      50 Cherry St

      OFFICE/RESIDENTIAL (MIXED USE) • 11,868 SF
      50 Cherry St, Milford, CT 06460-3487
      View Details
    • Value Estimation by Request
      0.24 Acres

      564 Boston Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.24 Acres
      564 Boston Post Rd, Milford, CT 06460-2636
      View Details
    • Value Estimation by Request
      0.18 Acres

      185 Buckingham Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 0.18 Acres
      185 Buckingham Ave, Milford, CT 06460-4842
      View Details
    • Value Estimation by Request
      5.16 Acres

      238 Boston Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 5.16 Acres
      238 Boston Post Rd, Milford, CT 06460-3134
      View Details
    • Value Estimation by Request

      1573 Boston Post Rd

      Investment properties
      1573 Boston Post Rd, Milford, CT 06460
      View Details

    Similar Nearby for Sale

    • $85,000

      Prime Milford Restaurant Opportunity

      High-traffic location, fully equipped, great lease terms.
      Withheld Rd, Milford, CT 06460
      View Details
    • Contact for pricing
      1.20 Acres

      Lowe's Pad Retail Opportunity in Milford, CT

      High-traffic retail pads near Lowe's & Hilton.
      2 Old Gate Ln, Milford, CT 06460
      View Details
    • $469,900

      Updated End Unit Apartment

      Fourth-floor apartment with updated kitchen, balcony, and community amenities.
      85 Viscount Dr, Milford, CT 06460
      View Details
    • $450,000

      Columbia Drive Specialty Property

      Specialty property available for sale on Columbia Drive.
      44 Columbia Dr, Milford, CT 06460
      View Details
    • $465,000

      Milford Specialty Property For Sale

      Specialty property available for purchase in Milford, Connecticut.
      50 Washington St, Milford, CT 06460
      View Details
    • $599,000

      Milford Specialty Property For Sale

      Specialty property available for purchase in Milford, Connecticut.
      27 S Kerema Ave, Milford, CT 06460
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      100,000 SF

      PENT PARK Office Space Available

      Prime Office Park, 100,000 SF Total
      0 Wheelers Farm Rd, Milford, CT 06460
      View Details
    • Contact for pricing
      26,275 SF

      Prime Flex Space, I-95 Corridor

      26,275 SF Flex Building, I-95 Access
      333 Quarry Rd, Milford, CT 06460
      View Details
    • $2,150 /Mo
      800 SF

      Downtown Apartment with Modern Amenities

      Renovated apartment in desirable location with parking and modern features.
      90 High St, Milford, CT 06460
      View Details
    • Contact for pricing
      35,000 SF

      Milford Crossing Retail Space

      Retail space in affluent area near Connecticut Post Mall.
      1389-1413 Boston Post Rd, Milford, CT 06460
      View Details
    • Contact for pricing
      7,179 SF

      Retail Space in Shopping Plaza

      Retail or medical space with easy highway access and parking.
      470 Bridgeport Ave, Milford, CT 06460
      View Details
    • Contact for pricing
      17,542 SF

      Retail Space in Shopping Plaza

      Large shopping plaza with high visibility and ample parking.
      486 Bridgeport Ave, Milford, CT 06460
      View Details
    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.
    Withheld Rd
    Milford, CT 06460
    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

    Google sign-in failed. Please try again or use another login method.