New search
Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Turn key restaurants
229 12th E Main St, Milford, MA 01757-2807
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-0460359
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
STEEL FRAME
Total area
7,202 SF
Lot
1.06 ac (46,021 SF)
Zoning code
IC
APN
MILF M:32 B:072 L:5
UPID
US38-0460359
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
-
Community Pediatrics of Milford Hospital Children's Hospital
-
Thanh Tam Huynh Physician
-
Sergio Korndorfer, MD Physician
-
Dr. Luigi Querusio, MD Physician
-
Ashley Flynn, LMHC Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$797k
Blend (final)
Blend
$825k
Owner & transaction history
Milford Ampm LLC · 4 yrs held
Milford Ampm LLC
since 2022
7 recorded transactions
Zoning & alternative use
IC · 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
Alternative Use
Use
Estimation
RESTAURANT
$1,360,000
Current use
RETAIL STORES
$1,130,000
Change: -17% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,105,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±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
$115 / 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
$28,739
Tax year 2024
Assessed value
$1,193,000
Assessed 2024
Previous assessed
$1,193,000
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$539,000
Assessed improvement
$654,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Bathrooms
4
Total area
7,202 SF
Lot
1.06 ac (46,021 SF)
Zoning code
IC
APN
MILF M:32 B:072 L:5
UPID
US38-0460359
Jurisdiction
MILFORD
Zoning & alternative use
IC · Milford, MA
Zoning IC · permitted uses
IC · 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
RESTAURANT Current
Est. value
$1.4M
RETAIL STORES
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.1M
RESTAURANT Current
RETAIL STORES
AUTO REPAIR, GARAGE
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
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
4
Lot
1.06 ac
Current owner
From public records · entity-resolved
Milford Ampm LLC
Entity
Free & Clear · 4 yrs held
Mailing address
229 12TH E MAIN ST, MILFORD, MA 01757-2807
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
—
Milford Ampm LLC
Anna Kasseris
Quitclaim Deed
related
—
Aug 23, 2019
$400,000
Theodore Kasseris
Beg Realty Co
Quitclaim Deed
—
May 18, 2005
$1,125,000
Oli LLC
Banknorth NA
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
—
May 18, 2005
—
Oli LLC
—
Deed Of Trust
related
$1,100,000 · Bay State Savings Bank
Aug 29, 2003
$1,400,000
Zbg Rlty LLC
Jette Realty Corp
Grant Deed
$725,000 · Banknorth NA
Aug 29, 2003
—
Zbg Rlty LLC
—
Deed Of Trust
related
$50,000 · Thomas J Oliveri
Jun 26, 2002
—
Jette Realty Corp
—
Deed Of Trust
related
$150,000 · Milford National Bank & Trust
Mar 7, 2001
$2,100,000
Milford LP
Meehan,kevin P
Grant Deed
$750,000 · Metrowest Bank
Apr 10, 1992
$235,000
Kevin P Meehan
Route 16 RT
Grant Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 229 12th E Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
