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Property profile & analytics
FOR SALE
Retail properties & Spaces
15 Mont Vernon St Milford, NH 03055
Individually Owned
4-yr Hold
Free & Clear
Property ID
US58-0377146
For Sale
1 / 31
$2,850,000
15 Mont Vernon St, Milford, NH 03055
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1970
Construction
STEEL FRAME
Total area
12,616 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C
APN
MFRD M:26 B:1
UPID
US58-0377146
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rite Aid Pharmacy Pharmacy
-
Rite Aid Pharmacy
-
Darcey M. Klein, BS Foster Care Service Social Service Agency
-
Western Union Bank Credit Union
-
Coinhub Bitcoin ATM Teller Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.31M
CAP Approach
CAP
$2.72M
Comparable Approach
Comparable
$2.31M
Blend (final)
Blend
$2.23M
Owner & transaction history
Robert E Dahms · 4 yrs held
Robert E Dahms
since 2022
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
C · Milford, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.6M
+26.3%
Auto repair, garage
$2.2M
+8.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,260,000
ML approach
$2,310,000
CAP Approach
CAP Return
Estimation
6%
$2,940,000
6.5%
$2,715,000
7%
$2,520,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,065,000
Current use
RESTAURANT
$2,605,000
Change: +26% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,230,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$1,875,000
Change: -9% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,775,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$2.23M
Range $2.01M – $2.45M · ±10% · vs last sale $2.13M (May 16 2022)
Last sale anchor
$2.13M
May 16 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,055
Tax year 2023
Assessed value
$1,491,000
Assessed 2023
Previous assessed
$1,491,000
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$146,800
Assessed improvement
$1,344,200
Applied tax rate
48,020.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Sale
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
12,616 SF
Lot
1.23 ac (53,579 SF)
Zoning code
C
APN
MFRD M:26 B:1
UPID
US58-0377146
Jurisdiction
MILFORD TOWN
Zoning & alternative use
C · Milford, NH
Zoning C · permitted uses
C · Milford, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Milford. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.1M
RESTAURANT
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
1.23 ac
Current owner
From public records · entity-resolved
Robert E Dahms
Individual
Free & Clear · 4 yrs held
Mailing address
15 MONT VERNON ST, MILFORD, NH 03055-4120
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2022
$2,133,000
Robert E Dahms
Mh Parsons&sons Lumb
Quit Claim Arm's Length For Ne States
—
Nov 1, 2018
—
Mh Parsons & Sons Lumber Co In
—
Deed
related
$4,885,000 · Td Bk NA
—
—
Mh Parsons & Sons Lumber Co In
—
Deed Of Trust
related
$4,885,000 · Td Bk NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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