Your AI Navigator in Commercial Real Estate
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
    Back to Search
    Property profile & analytics

    123 Union Sq Milford, NH 03055

    • Turn key restaurants
    • 2,714 SF
    • 0.04 lot acres
    For Sale
    View listing
    $730,000
    Value Estimation
    Last Sale
    Jun 24, 2022
    $585,000
    Location Intelligence
    Property ID
    US58-0364649
    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

    • Island Bowls Cafe LLC / Health Food Restaurant

    Property Details for 123 Union Sq

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.04 lot acres
    Property size
    2,714 SF
    Zone code
    C
    Property type
    Turn key restaurants
    APN
    MFRD M:25 B:24
    APU
    MFRDM25B24

    Description

    This exceptional Milford, NH property at 123 Union Square boasts 2,714 square feet on a 0.04-acre lot. The ground floor, previously a food service establishment, offers a prime commercial storefront in a high-traffic area. It's equipped with a commercial stove and hand wash sinks, ideal for a variety of businesses. Refrigeration is negotiable. The upper level features a three-bedroom apartment, currently undergoing renovations to be completed before sale, providing additional income potential or owner-occupied living. Enjoy stunning river views from both the commercial space and the apartment. This property presents a unique opportunity for both business owners seeking a high-visibility location and investors looking for a strong return. The previous owner operated the business from the first floor and lived in the apartment above. The property is currently vacant and offers a projected 8% capitalization rate, indicating positive cash flow potential. This is a rare chance to acquire a mixed-use property in a desirable Milford location. The building is ready for a new owner to bring their vision to life. Don't miss this chance to own a piece of Milford's vibrant commercial landscape.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $565,000
      6.5%
      $580,000
      7%
      $630,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $550,000
      Geo Method
      $590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $505,000
      Retail
      $670,000
      Mixed-Use
      $555,000
      Hospitality
      $600,000
      Educational
      $595,000
      Residential Income
      $615,000
      Energy
      $625,000
      Income-Based Land
      $495,000
      Food Service
      $590,000

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.6499
    Latitude
    42.836
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH 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
    $6,682
    $102,100
    $199,300
    $301,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,290,000
      7,654 SF

      52 Federal Hl Rd

      RESTAURANT • 7,654 SF
      52 Federal Hl Rd, Milford, NH 03055-3542
      View Details
    • Value Estimation
      $840,000
      7,873 SF

      241 Un Sq

      RESTAURANT • 7,873 SF
      241 Un Sq, Milford, NH 03055-4268
      View Details
    • Value Estimation
      $265,000
      1.72 Acres

      786 Elm St

      RESTAURANT • 1.72 Acres
      786 Elm St, Milford, NH 03055-3105
      View Details
    • Value Estimation by Request
      4,166 SF

      168 Elm St

      RESTAURANT • 4,166 SF
      168 Elm St, Milford, NH 03055-4759
      View Details
    • Value Estimation
      $275,000
      2,644 SF

      30 Middle St

      RESTAURANT • 2,644 SF
      30 Middle St, Milford, NH 03055-4519
      View Details
    • Value Estimation
      $225,000
      1,910 SF

      4 Un St

      RESTAURANT • 1,910 SF
      4 Un St, Milford, NH 03055-5026
      View Details

    Similar Nearby for Sale

    • $600,000

      Historic Milford Retail Investment Opportunity

      Fully occupied, three-unit retail property in Milford, New Hampshire.
      99 Union Sq, Milford, NH 03055
      View Details
    • $285,000

      Two-Family Home Rehab Opportunity

      Classic two-family home on .63-acre lot, needs renovation.
      24 Spaulding St, Milford, NH 03055
      View Details
    • $479,000

      Mixed-Use Multiunit in Milford

      Meticulously maintained mixed-use property with office and renovated apartment.
      377 Nashua St, Milford, NH 03055
      View Details
    • $730,000
      2,714 SF

      Prime Milford Commercial Property

      Restaurant & Apartment, River Views
      123 Union Sq, Milford, NH 03055
      View Details
    • Contact for pricing
      31,625 SF

      Milford Industrial Space for Lease

      31,625 SF Warehouse/Office, May 2025
      48 Powers St, Milford, NH 03055
      View Details
    • $2,500,000
      27,206 SF

      Milford Industrial Buildings For Sale

      Three buildings on 2.68 acres near Milford Oval.
      74 Powers St, Milford, NH 03055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      127,000 SF

      Lordens Plaza: Retail Space Available

      Prime Hillsborough County Retail Center
      586 Nashua St, Milford, NH 03055
      View Details
    • Contact for pricing
      14,810 SF

      Milford Retail Pad Site For Lease

      Prime 0.34-acre pad, high traffic area.
      185 Elm St, Milford, NH 03055
      View Details
    • $12 SF/Yr
      3,100 SF

      Adaptable Open Space for Rent

      Flexible 1,952 SF space suitable for various business needs.
      19 Cottage St, Milford, NH 03055
      View Details
    • $15 SF/Yr
      2,400 SF

      Retail Space on Route 101A

      Retail space available on Route 101A in Milford, NH.
      614 Nashua St, Milford, NH 03055
      View Details
    • $7 SF/Yr
      55,730 SF

      Granite Town Plaza Retail Space

      Milford, NH retail space available.
      185 Elm St, Milford, NH 03055
      View Details
    • $500 /Mo

      High-Visibility Commercial Unit on Elm

      Versatile 600 sq ft space on a busy road.
      571 Elm St, Milford, NH 03055
      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.
    123 Union Sq
    Milford, NH 03055
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.