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    37 Wilton Rd Milford, NH 03055
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    37 Wilton Rd, Milford, NH 03055

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    • Retail properties & Spaces
    • 23,232 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Art Happens / Vocational School
    • Earthworks Audio / Electronics & Wireless Store / Big Box & Wholesale Store
    • The Good Gal Hair Studio / Hair Salon
    • The Doggie Bag & Day Spaw, LLC / Pet Grooming Service
    • MLG Woodworking / General Contractor

    Property Details for 37 Wilton Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional investment opportunity presents a 23,232 square foot mixed-use property located at 37 Wilton Road, Unit 2, within the established Pine Valley Business Center in Milford, New Hampshire. The property consists of a 23,232 square foot condominium unit and a separate 3,102 square foot standalone building, situated on two buildings with one story each. Currently, the property boasts a 98% occupancy rate, with five diverse tenants occupying spaces ranging from approximately 700 to 13,000 square feet. This multi-tenant configuration provides a stable and diversified income stream. The property is zoned for Integrated Commercial Industrial – mixed use, allowing for a variety of potential uses. Its convenient location off Route 101 offers easy access and high visibility, and its proximity to Nashua, NH (approximately 12 miles away) provides access to a larger regional market. This offering presents a compelling opportunity for investors seeking a well-leased, mixed-use asset in a desirable New Hampshire location. The property is for sale by owner. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.7218
    Latitude
    42.8415

    Comparable in this City

    • Value Estimation by Request
      10,300 SF

      19 Cottage St

      Office Units
      19 Cottage St, Milford, NH 03055
      View Details
    • Value Estimation by Request
      3,100 SF

      19 Cottage St

      Office Units
      19 Cottage St, Milford, NH 03055
      View Details
    • Value Estimation by Request
      3,992 SF

      37 Un Sq

      DEPARTMENT STORE
      37 Un Sq, Milford, NH 03055-4239
      View Details
    • Value Estimation
      $2,435,000
      22,074 SF

      222 Elm St

      DEPARTMENT STORE
      222 Elm St, Milford, NH 03055-4736
      View Details
    • Value Estimation
      $820,000
      7,415 SF

      40 Nashua St

      DEPARTMENT STORE
      40 Nashua St, Milford, NH 03055-3744
      View Details
    • Value Estimation by Request
      1,744 SF

      514 Nashua St

      DEPARTMENT STORE
      514 Nashua St, Milford, NH 03055-4906
      View Details

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    Similar Nearby for Lease

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      48 Powers St, Milford, NH 03055
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    37 Wilton Rd
    Milford, NH 03055
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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.

    More about this property
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