Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10 Fortune Blvd Milford, MA 01757-1745

    • Hotels
    • 81,065 SF
    • 5.21 lot acres
    OFF-MARKET
    Value Estimations
    $4,770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0707523
    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

    • 10 Fortune Boulevard Parking / Parking Lot & Garage
    • Sonesta Select Boston Milford / Hotel & Motel
    • ChargePoint Charging Station / Electric Vehicle Charging Station

    Property Details for 10 Fortune Blvd

    Year built
    1990
    Construction
    FRAME
    Lot size
    5.21 lot acres
    Property size
    81,065 SF
    Zone code
    IB
    Property type
    Hotels
    APN
    MILF M:28 B:098 L:20
    APU
    MILFM28B098L20

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,019,000
      Market price range: $1.57M - $7.88M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $4,295,000
      Current use
      COMMERCIAL (GENERAL)
      $5,880,000
      Change: +37% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,115,000
      Change: +19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5071
    Latitude
    42.1626
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-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
    2024
    $160,283
    $1,940,400
    $4,713,100
    $6,653,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,440,000
      143,249 SF

      11 Beaver St

      HOTEL • 143,249 SF
      11 Beaver St, Milford, MA 01757-2818
      View Details
    • Value Estimation
      $12,950,000
      59,316 SF

      50 Fortune Blvd

      HOTEL • 59,316 SF
      50 Fortune Blvd, Milford, MA 01757-1745
      View Details
    • Value Estimation
      $4,285,000
      34,751 SF

      1 Fortune Blvd

      HOTEL • 34,751 SF
      1 Fortune Blvd, Milford, MA 01757-1746
      View Details
    • Value Estimation
      $1,395,000
      30,290 SF

      3 Fortune Blvd

      MOTEL • 30,290 SF
      3 Fortune Blvd, Milford, MA 01757-1746
      View Details
    • Value Estimation by Request
      3.85 Acres

      231 West St

      Land • 3.85 Acres
      231 West St, Milford, MA 01757
      View Details
    • Value Estimation by Request
      0.11 Acres

      Bragg Slip Slip

      VACANT COMMERCIAL LAND • 0.11 Acres
      Bragg Slip Slip, Milford, MA 01757
      View Details

    Similar Nearby for Sale

    • $274,900

      3.82 Acre Commercial Lot

      Commercial land for sale, maximum building size 4500 sq. ft.
      West St, Milford, MA 01757
      View Details
    • $639,900

      Updated Multifamily Residence Near Hospital

      Updated multifamily property, ideal for owner-occupant or investor.
      318 Main St, Milford, MA 01757
      View Details
    • Contact for pricing

      Legal Three-Family Investment Property

      Three-unit property with separate utilities and parking.
      56 S Bow St, Milford, MA 01757
      View Details
    • Contact for pricing

      Mixed-Use Property in Prime Location

      High-visibility mixed-use property with commercial and residential buildings.
      36 Main St, Milford, MA 01757
      View Details
    • Contact for pricing
      8.80 Acres

      Milford Industrial Warehouse - 52,000 SF

      Prime Milford warehouse, 8.8 acres, I-495 access.
      31 Beaver St, Milford, MA 01757
      View Details
    • $799,900

      Versatile Two-Family Home with Expansion Potential

      Oversized two-family home with ADU potential in Milford, MA.
      20-22 Chapin St, Milford, MA 01757
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Milford Center

      6,364 SF retail space available immediately in Milford, MA.
      Milford, MA 01757
      View Details
    • Contact for pricing
      3,300 SF

      Milford Retail Space Available

      3,300 SF retail space at Routes 16 & 109.
      9 Medway Rd, Milford, MA 01757
      View Details
    • $192 SF/Yr
      2,750 SF

      Main Street Medical Office Space

      Prime Medical Office, 2750 sq ft, Net Lease
      189 Main St, Milford, MA 01757
      View Details
    • Contact for pricing
      1 SF

      Historic Building with Small Offices

      Multiple small offices available in a historic building for rent.
      89 Main St, Milford, MA 01757
      View Details
    • Contact for pricing
      12,000 SF

      Retail Space in Milford Center

      Retail space available in a busy Milford shopping center.
      161 E Main St, Milford, MA 01757
      View Details
    • $16 SF/Yr
      22,500 SF

      Maple St. Office Suites Available

      Prime Office Space, Multiple Units Available
      1 Maple St, Milford, MA 01757
      View Details

    Property Visit Statistics

    • Visits by month
      4.4k
    • Visitors by month
      3.2k
    • Avg Time on site
      15 min
    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.
    10 Fortune Blvd
    Milford, MA 01757-1745
    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.
    Sign Up Successful!
    You now have access to more from Realmo!