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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Car washes
193 Main St, Milford, MA 01757-2807
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-1894662
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1935
Construction
STEEL FRAME
Total area
4,220 SF
Lot
0.71 ac (30,862 SF)
Zoning code
CB
APN
MILF M:33 B:000 L:4
UPID
US38-1894662
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
-
J&L Auto Repair & Electric Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$830k
Blend (final)
Blend
$615k
Owner & transaction history
Morganelli Property Ll · 7 yrs held
Morganelli Property Ll
since 2018
6 recorded transactions
Zoning & alternative use
CB · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$660,000
+2.3%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$645,000
Current use
RETAIL STORES
$660,000
Change: +2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$535,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$146 / 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
$16,482
Tax year 2024
Assessed value
$684,200
Assessed 2024
Previous assessed
$684,200
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$438,900
Assessed improvement
$245,300
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1935
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
4,220 SF
Lot
0.71 ac (30,862 SF)
Zoning code
CB
APN
MILF M:33 B:000 L:4
UPID
US38-1894662
Jurisdiction
MILFORD
Zoning & alternative use
CB · Milford, MA
Zoning CB · permitted uses
CB · 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
AUTO REPAIR, GARAGE Current
Est. value
$645,000
RETAIL STORES
Est. value
$660,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$535,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1935
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
0.71 ac
Current owner
From public records · entity-resolved
Morganelli Property Ll
Entity
Mailing address
193 E MAIN ST, MILFORD, MA 01757-2807
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
6 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
$541,500
Morganelli Property Ll
Ar Wash Bays LLC
Quit Claim Arm's Length For Ne States
$507,400 · Eileen Delvecchio
Apr 13, 2005
$1
Car Wash Bays LLC
James M Del Vecchio RT
Grant Deed
—
Nov 27, 1990
—
James M Delvecchio RT
—
Deed Of Trust
related
$200,000 · Zuckerman Family Nomi
May 25, 1988
—
James M Delvecchio RT
—
Deed Of Trust
related
$500,000 · Milford National Bank & Trust
—
—
Morganelli Prop LLC
—
Deed Of Trust
related
$192,000 · Homefield Cu
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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