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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Retail space
200 Fortune Blvd, Milford, MA 01757-1754
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-0289768
Property summary
AI-generated overview
This exceptional retail space, located at 200 Fortune Boulevard in Milford, Massachusetts, offers 1,500 square feet of immediately available commercial space within a larger 5,000 square foot multi-tenant building. Situated in Worcester County, this property enjoys a highly desirable location just off Route 495, ensuring excellent visibility and accessibility for your business. The building's prime location places it within easy reach of a wealth of amenities, including numerous retailers, restaurants, and banking institutions, all conveniently located within walking distance. This creates a vibrant and bustling environment, ideal for attracting customers and establishing a strong presence in the community. The available space is perfect for a variety of retail uses, offering ample room for showcasing products and providing exceptional customer service. The property is part of a larger commercial building, providing a sense of community and shared resources. The address is 200 Fortune Blvd, Milford, MA 01757. This is a fantastic opportunity to establish or expand your business in a thriving commercial area. The property is ready for immediate occupancy. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2007
Construction
STEEL FRAME
Total area
5,040 SF
Lot
1.84 ac (80,107 SF)
Zoning code
IB
APN
MILF M:28 B:098 L:30A
UPID
US38-0289768
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
-
John J. Lee, MD Ophthalmologist
-
Boston Vision Medical Clinic Ophthalmologist
-
Dr. Nirali Patel, OD Physician
-
Dr. Samir Melki Ophthalmologist
-
Dr. Macie Finkelstein Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
$1.15M
Comparable Approach
Comparable
$1.08M
Blend (final)
Blend
$825k
Owner & transaction history
Milford Fortune LLC · 5 yrs held
Milford Fortune LLC
since 2021
Last sale
$700,000
2 recorded transactions
Zoning & alternative use
IB · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$950,000
+20.2%
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
$870,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$1,240,000
6.5%
$1,145,000
7%
$1,065,000
Alternative Use
Use
Estimation
RETAIL STORES
$790,000
Current use
RESTAURANT
$950,000
Change: +20% · Conversion: Easy
AUTO REPAIR, GARAGE
$775,000
Change: -2% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: -20% · Conversion: Moderate
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $700k (Jan 15 2021)
Last sale anchor
$700k
Jan 15 2021
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
$164 / 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
$22,098
Tax year 2024
Assessed value
$917,300
Assessed 2024
Previous assessed
$917,300
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$434,800
Assessed improvement
$482,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
5,040 SF
Lot
1.84 ac (80,107 SF)
Zoning code
IB
APN
MILF M:28 B:098 L:30A
UPID
US38-0289768
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
RETAIL STORES Current
Est. value
$790,000
RESTAURANT
Est. value
$950,000
AUTO REPAIR, GARAGE
Est. value
$775,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.84 ac
Current owner
From public records · entity-resolved
Milford Fortune LLC
Entity
Free & Clear · 5 yrs held
Mailing address
79 BAXTER RD, BROOKLINE, MA 02445-5707
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2021
—
Milford Fortune LLC
—
Deed
related
$560,000 · Harborone Bank
Jan 15, 2021
$700,000
Milford Fortune LLC
Granite Park Retail LLC
Quit Claim Arm's Length For Ne States
—
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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