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    20 Commerce Park Milford, CT 06460

    • Showrooms
    • 17,652 SF
    • 1.24 lot acres
    For Lease
    View listing
    $25 SF/Yr
    Value Estimation
    Last Sale
    May 31, 2022
    Location Intelligence
    Property ID
    US15-0613714
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dr. Ari Pollack / Internist / Practitioner Service Location
    • Fischer Paul D MD / Plastic Surgeon / Doctor
    • Polished Cement Solution | Stained Polished Cement | Mechanically Terrazzo Repair & Polishing | Metallic Epoxy Coating / Flooring Store
    • Gruskay Frank MD / Pediatrician
    • Danielle Izzo, APRN / Doctor

    Property Details for 20 Commerce Park

    Year built
    2014
    Construction
    STEEL FRAME
    Lot size
    1.24 lot acres
    Property size
    17,652 SF
    Zone code
    CDD1
    Property type
    Showrooms
    APN
    MILF M:66 B:813 L:17C-1
    APU
    MILFM66B813L17C1

    Description

    This exceptional 75,000 square foot medical office park in Milford, Connecticut, presents a unique investment opportunity. Located at 20 Commerce Park, this five-building complex sits on a 7.57-acre lot and offers multiple suites ranging from 2,500 to 5,278 contiguous square feet. Currently, 16,946 square feet are available for lease. The property boasts a convenient location, easily accessible from I-95 and the Merritt Parkway, with high visibility on Cherry Street (12,300 vehicles per day) and proximity to Milford Hospital. Built in 1973 and extensively renovated in 2016, the property features upgraded windows and facades, expanded parking (5 spaces per 1000 square feet), and is zoned CDD1. The property benefits from a multi-year capital improvement program. Lease rates are $25 per square foot, plus electricity, with generous tenant improvement packages available. This prime location and modern amenities make this an ideal space for medical practices seeking a high-profile presence in a thriving community. The property's multiple buildings allow for flexibility in tenant needs and sizes.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.0472
    Latitude
    41.2292
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $51,438
    $592,590
    $1,300,609
    $1,893,199
    -
    $0.00
    $0.00
    $0.00

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    20 Commerce Park
    Milford, CT 06460
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    Realmo Value Estimation

    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.

    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.

    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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