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Property profile & analytics
OFF-MARKET
Estimated value
$2,365,000
Life science properties
155 Fortune Blvd Milford, MA 01757-1746
Entity Owned
13-yr Hold
Free & Clear
Property ID
US38-0948129
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1986
Construction
STEEL FRAME
Total area
53,881 SF
Lot
9.12 ac (397,267 SF)
Zoning code
IB
APN
MILF M:28 B:098 L:11
UPID
US38-0948129
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
-
Nitto Denko Avecia Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.37M
Owner & transaction history
Nitto Denko Avecia INC · 13 yrs held
Nitto Denko Avecia INC
since 2012
6 recorded transactions
Zoning & alternative use
IB · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.9M
+32.2%
Apartment house (5+ units)
$3.4M
+14.9%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL
$2,955,000
Current use
COMMERCIAL (GENERAL)
$3,910,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,400,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$2.37M
Range $2.13M – $2.60M · ±10%
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
$44 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$187,008
Tax year 2024
Assessed value
$7,762,900
Assessed 2024
Previous assessed
$7,762,900
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$1,542,200
Assessed improvement
$6,220,700
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
6
Total area
53,881 SF
Lot
9.12 ac (397,267 SF)
Zoning code
IB
APN
MILF M:28 B:098 L:11
UPID
US38-0948129
Jurisdiction
MILFORD
Zoning & alternative use
IB · Milford, MA
Zoning IB · permitted uses
IB · Milford, MA
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
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$3.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
R&D FACILITY, LABORATORY, RESEARCH FACILITY, COSMETICS, PHARMACEUTICAL Current
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
6
Lot
9.12 ac
Current owner
From public records · entity-resolved
Nitto Denko Avecia INC
Entity
Free & Clear · 13 yrs held
Mailing address
125 FORTUNE BLVD, MILFORD, MA 01757-1746
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2012
$8,000,000
Nitto Denko Avecia INC
Are-ma Region No 19 LLC
Grant Deed
—
Jul 13, 2005
$6,850,000
Are Ma Region 19 LLC
Laborers Pension Milf Inv
Grant Deed
—
Sep 29, 1989
$2,275
Pension Milf Laborers
Wm Dolben & Sons
Grant Deed
related
—
May 31, 1989
—
Dolben Fortune Ltd
—
Deed Of Trust
related
$2,500,000 · Zuckerman Family Nomi
Mar 31, 1989
$4,000,000
Dolben Fortune Ltd
Engelhard Precision
Grant Deed
—
Mar 31, 1989
—
Dolben Fortune Ltd
—
Deed Of Trust
related
$3,750,000 · Bank Of New England
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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