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Property profile & analytics
OFF-MARKET
Estimated value
$1,905,000
Office buildings
189 Main St, Milford, MA 01757-2627
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0095272
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1888
Construction
FRAME
Total area
42,219 SF
Lot
0.25 ac (10,999 SF)
Zoning code
CA
APN
MILF M:48 B:000 L:566
UPID
US38-0095272
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
-
Dr. Patrick Assioun Dental Office
-
D & F Afonso Builders Inc Construction Company
-
FedEx Drop Box Postal Service Courier Service
-
Fourstar Group USA, Inc. Research And Product Development
-
Postum Kris OD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$1.91M
Owner & transaction history
Morganelli Property Ll · 7 yrs held
Morganelli Property Ll
since 2018
4 recorded transactions
Zoning & alternative use
CA · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$1.91M
Range $1.71M – $2.10M · ±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
$45 / 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
$40,368
Tax year 2024
Assessed value
$1,675,700
Assessed 2024
Previous assessed
$1,675,700
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$166,700
Assessed improvement
$1,509,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1888
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
11
Bathrooms
9
Total area
42,219 SF
Lot
0.25 ac (10,999 SF)
Zoning code
CA
APN
MILF M:48 B:000 L:566
UPID
US38-0095272
Jurisdiction
MILFORD
Zoning & alternative use
CA · Milford, MA
Zoning CA · permitted uses
CA · 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.
Building & site characteristics
From public records
Year built
1888
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
11
Bathrooms
9
Lot
0.25 ac
Current owner
From public records · entity-resolved
Morganelli Property Ll
Entity
Mailing address
189 MAIN ST STE, MILFORD, MA 01757-2627
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
—
Morganelli Prop LLC
—
Deed
related
$192,000 · Homefield Cu
Nov 5, 2018
$451,100
Morganelli Property Ll
Car Wash Realty LLC
Deed
$992,600 · James Delvecchio
May 12, 2008
—
Afonso Gillon Court INC
—
Deed Of Trust
related
$600,000 · Ben Franklin Savings Bank
Feb 25, 2003
—
Afonso Gillon Court INC
—
Deed Of Trust
related
$700,000 · Milford National Bank & Trust
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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