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    146 S Main St Milford, MA 01757
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    Property profile & analytics

    146 S Main St, Milford, MA 01757

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    • Gas stations
    • 180 SF
    • 0.38 lot acres
    For Sale
    $5,900,000
    View Listing →
    Retail Plaza on Route 140 For Sale
    $5,900,000
    82,350 SF

    Retail Plaza on Route 140

    Neighborhood shopping center on a busy street with recognizable tenants.

    146 S Main St, Milford, MA
    View Listing
    Property ID
    US38-0168724
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Milford Ace Hardware / Building Supply / Hardware & Home Improvement
    • Big Lots / Discount Store
    • Dunkin' / Bakery / Specialty Food Shop
    • Planet Fitness / Gym & Fitness Center
    • Milford National Bank and Trust / Bank / Atm

    Property Details for 146 S Main St

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    0.38 lot acres
    Zone code
    CC
    Property type
    Gas stations
    APN
    MILF M:59 B:000 L:3
    APU
    MILFM59B000L3

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $525,000
      ML approach
      $500,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.517
    Latitude
    42.1259
    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
    $12,069
    $257,600
    $243,400
    $501,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $595,000
      1,269 SF

      267 Main St

      SERVICE STATION (FULL SERVICE)
      267 Main St, Milford, MA 01757-2503
      View Details
    • Value Estimation
      $550,000
      2,636 SF

      140 Medway Rd

      GAS STATION
      140 Medway Rd, Milford, MA 01757-2915
      View Details
    • Value Estimation by Request
      1,940 SF

      61 Main St

      SERVICE STATION (FULL SERVICE)
      61 Main St, Milford, MA 01757-2602
      View Details
    • Value Estimation
      $640,000
      5,500 SF

      97 Cedar St

      GAS STATION
      97 Cedar St, Milford, MA 01757-1165
      View Details
    • Value Estimation by Request
      1,888 SF

      134 Cedar St

      GAS STATION
      134 Cedar St, Milford, MA 01757-1102
      View Details
    • Value Estimation
      $1,190,000
      4,836 SF

      204 Main St

      GAS STATION
      204 Main St, Milford, MA 01757-2808
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      82,350 SF

      Retail Plaza on Route 140

      Neighborhood shopping center on a busy street with recognizable tenants.
      146 S Main St, Milford, MA 01757
      View Details
    • Contact for pricing
      Pending

      Retail Storefront in Downtown Milford

      400 SF retail/office space in downtown Milford, Massachusetts.
      14 Exchange St, Milford, MA 01757
      View Details
    • Contact for pricing

      Free-Standing Retail Building in Milford

      Retail building in Milford's downtown with high visibility and parking.
      40 S Main St, Milford, MA 01757
      View Details
    • Contact for pricing

      Retail Space in Milford Square

      Retail spaces available in Milford, MA, from 1,200 to 8,800± SF.
      138-140 South Main St, Milford, MA 01757
      View Details
    • Contact for pricing

      3.82 Acre Commercial Lot

      Commercial land for sale, maximum building size 4500 sq. ft.
      West St, Milford, MA 01757
      View Details
    • Contact for pricing
      4,200 SF

      First Floor Office Suite Available

      First floor office suite with private entrance and handicap accessibility.
      53 Sumner St, Milford, MA 01757
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Route 16

      Retail space available in high-traffic Milford retail center.
      206 E Main St, Milford, MA 01757
      View Details
    • Contact for pricing

      Retail/Office Space at Lighted Intersection

      2,500 SF retail/office space available at lighted intersection.
      105-107 E Main St, Milford, MA 01757
      View Details
    • Contact for pricing

      Milford Retail Space Available

      Retail space available in Milford, Massachusetts with 6,364 SqFt.
      5 Medway Rd, Milford, MA 01757
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Milford Plaza

      Retail space available in updated Milford Plaza shopping center.
      91 Medway Rd, 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

    Property Visit Statistics

    • Visits by month
      27.4k
    • Visitors by month
      17.0k
    • Avg Time on site
      20 min
    View Listing
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    146 S Main St
    Milford, MA 01757
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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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