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    113 Cedar St Milford, MA 01757-1192
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    Property profile & analytics

    113 Cedar St Milford, MA 01757-1192

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    • Life science properties
    • 37,500 SF
    • 2.53 lot acres
    For Lease
    $1,010,000
    View Listing →
    Flex/R&D Park on Route 85 For Lease
    $1,010,000
    3,260 SF

    Flex/R&D Park on Route 85

    Two-building flex/R&D park with highway visibility and access.

    113 Cedar St, Milford, MA
    View Listing
    Property ID
    US38-1455856
    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.
    Value Estimations
    $1,010,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • iCandy Favors, LLC. / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Imperia Engineering Partners / Engineering Consultant
    • The Granite Group / Plumbing Service / Building Supply
    • Caitlin Enginerring Inc / Medical Supply Store
    • Transcat | Milford, MA | Pipette Calibration Services / Laboratory

    Property Details for 113 Cedar St

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    2.53 lot acres
    Property size
    37,500 SF
    Zone code
    IB
    Property type
    Life science properties
    APN
    MILF M:19 B:000 L:6B
    APU
    MILFM19B000L6B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $785,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,234,000
      Market price range: $390k - $3.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5082
    Latitude
    42.1698
    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
    $59,095
    $758,200
    $1,694,900
    $2,453,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $15,175,000
      105,304 SF

      420 Fortune Blvd, Unit 450

      R&D FACILITY, LABS, PHARMA • 105,304 SF
      420 Fortune Blvd, Milford, MA 01757-1722
      View Details
    • Value Estimation
      $2,365,000
      53,881 SF

      155 Fortune Blvd

      R&D FACILITY, LABS, PHARMA • 53,881 SF
      155 Fortune Blvd, Milford, MA 01757-1746
      View Details
    • Value Estimation
      $1,060,000
      52,700 SF

      31 Maple St

      R&D FACILITY, LABS, PHARMA • 52,700 SF
      31 Maple St, Milford, MA 01757-3650
      View Details
    • Value Estimation by Request
      2,560 SF

      30 Birch St

      R&D FACILITY, LABS, PHARMA • 2,560 SF
      30 Birch St, Milford, MA 01757-3518
      View Details
    • Value Estimation
      $10,680,000
      108,428 SF

      393 Fortune Blvd

      WAREHOUSE, STORAGE • 108,428 SF
      393 Fortune Blvd, Milford, MA 01757-1723
      View Details
    • Value Estimation
      $1,330,000
      18,000 SF

      74 Sumner St

      INDUSTRIAL (GENERAL) • 18,000 SF
      74 Sumner St, Milford, MA 01757-1663
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,200 SF

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      First floor office suite with private entrance and handicap accessibility.
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      31 Beaver St, Milford, MA 01757

      Industrial land
      31 Beaver St, Milford, MA 01757
      View Details
    • $274,900

      3.82 Acre Commercial Lot

      Commercial land for sale, maximum building size 4500 sq. ft.
      West St, Milford, MA 01757
      View Details
    • $515,000

      Free-Standing Retail Building in Milford

      Retail building in Milford's downtown with high visibility and parking.
      40 S Main St, Milford, MA 01757
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    • $1,200,000

      Highway Industrial Land For Sale

      Industrial land with highway visibility and development potential.
      30 Beaver St, Milford, MA 01757
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    • Contact for pricing
      Pending

      Four-Family Property Investment Opportunity

      Two well-maintained two-family homes on one lot.
      65-67 E Main St, Milford, MA 01757
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Milford Flex/R&D Space Available

      Flex/R&D space with warehouse, offices, and lab area.
      455 Fortune Blvd, Milford, MA 01757
      View Details
    • Contact for pricing
      300,000 SF

      Milford Warehouse Space Available

      300,000 sq ft warehouse/distribution space for lease.
      1 National St, Milford, MA 01757
      View Details
    • Contact for pricing
      3,260 SF

      Flex Space on Route 85

      Flex/R&D park with highway visibility and immediate highway access.
      113 Cedar St, Milford, MA 01757
      View Details
    • Contact for pricing

      Retail/Office Space on Route 16

      High-visibility space suitable for retail or office use.
      231 East Main St, Milford, MA 01757
      View Details
    • Contact for pricing

      Professional Office Suite For Lease

      Second-floor office suite with flexible layout and regional accessibility.
      120 Quarry Dr, Milford, MA 01757
      View Details

    Property Visit Statistics

    • Visits by month
      831
    • Visitors by month
      515
    • Avg Time on site
      14 min
    View Listing
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    113 Cedar St
    Milford, MA 01757-1192
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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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