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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16 Elm St Milford, NH 03055-4890

    • Office buildings
    • 5,631 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    May 16, 2025
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US58-0410737
    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

    • Family Guidance Center of Milford, Inc. / Medical Clinic
    • Nancy E. Loddengaard, LICSW / Physician
    • Anna Girard / Counselor
    • Kathryn Stack / Physician / Medical Clinic
    • Donna C. Barr, LICSW / Foster Care Service / Social Service Agency

    Property Details for 16 Elm St

    Year built
    1800
    Construction
    FRAME
    Lot size
    0.79 lot acres
    Property size
    5,631 SF
    Zone code
    C
    Property type
    Office buildings
    APN
    MFRD M:25 B:58
    APU
    MFRDM25B58

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.6523
    Latitude
    42.8349
    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
    $10,826
    $156,600
    $331,700
    $488,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $625,000
      4,084 SF

      380 Nashua St

      OFFICE BUILDING • 4,084 SF
      380 Nashua St, Milford, NH 03055-8959
      View Details
    • Value Estimation
      $775,000
      4,312 SF

      15 Stoneyard Dr

      OFFICE BUILDING • 4,312 SF
      15 Stoneyard Dr, Milford, NH 03055-4908
      View Details
    • Value Estimation by Request
      3,278 SF

      339 Nashua St

      OFFICE BUILDING • 3,278 SF
      339 Nashua St, Milford, NH 03055-4918
      View Details
    • Value Estimation by Request
      2,400 SF

      24 Riv Rd

      OFFICE BUILDING • 2,400 SF
      24 Riv Rd, Milford, NH 03055-4216
      View Details
    • Value Estimation by Request
      3,290 SF

      36 Savage Rd

      OFFICE BUILDING • 3,290 SF
      36 Savage Rd, Milford, NH 03055-3133
      View Details
    • Value Estimation
      $550,000
      4,333 SF

      1 Elm St

      OFFICE BUILDING • 4,333 SF
      1 Elm St, Milford, NH 03055-4877
      View Details

    Similar Nearby for Sale

    • $4,000,000
      31,625 SF

      Milford Freestanding Warehouse and Office

      Freestanding 31,625 SF warehouse/industrial and office building for sale.
      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
    • $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
    • $1,149,000
      4,548 SF

      Restored Greek Revival Multi-Family Property

      Restored Milford multi-family property near downtown and Suspension Bridge.
      18 Souhegan 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

    Similar Nearby for Lease

    • $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
    • $10 SF/Yr
      31 SF

      Milford Industrial Space for Lease

      Modern warehouse & office, available May 2025
      48 Powers St, Milford, NH 03055, 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
    • $7 SF/Yr
      55,730 SF

      Granite Town Plaza Retail Space

      Milford, NH retail space available.
      185 Elm St, Milford, NH 03055
      View Details
    • $7 SF/Yr
      14,384 SF

      Milford Warehousing/Manufacturing Space Available

      Warehousing/Manufacturing building with space for lease in Milford, NH.
      1 Hampshire Dr, 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
    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.
    16 Elm St
    Milford, NH 03055-4890
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.