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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Office buildings
284 Main St, Milford, MA 01757-2521
Individually Owned
20-yr Hold
Free & Clear
Property ID
US38-2175777
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
FRAME
Total area
3,216 SF
Lot
0.23 ac (10,001 SF)
Zoning code
CB
APN
MILF M:48 B:000 L:186
UPID
US38-2175777
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
-
Alavi + Braza, P.C. Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$483k
Blend (final)
Blend
$620k
Owner & transaction history
Ali Alavi-nassab · 20 yrs held
Ali Alavi-nassab
since 2006
4 recorded transactions
Zoning & alternative use
CB · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$505,000
+40.5%
Auto repair, garage
$495,000
+37.4%
Neighborhood: shopping center
$405,000
+13.1%
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
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$505,000
Change: +41% · Conversion: Moderate
AUTO REPAIR, GARAGE
$495,000
Change: +37% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$405,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$395,000
Change: +9% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$193 / 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
$21,994
Tax year 2024
Assessed value
$913,000
Assessed 2024
Previous assessed
$913,000
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$163,200
Assessed improvement
$749,800
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
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
6
Bathrooms
2
Total area
3,216 SF
Lot
0.23 ac (10,001 SF)
Zoning code
CB
APN
MILF M:48 B:000 L:186
UPID
US38-2175777
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
RETAIL STORES
Est. value
$505,000
AUTO REPAIR, GARAGE
Est. value
$495,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$395,000
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2005
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
6
Bathrooms
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Ali Alavi-nassab
Individual
Free & Clear · 20 yrs held
Mailing address
284 MAIN ST, MILFORD, MA 01757-2521
Ownership since
2006
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
Jun 30, 2006
$827,000
Ali Alavi-nassab
Braza,jose F
Grant Deed
—
Aug 25, 2003
$300,000
Jose F Braza
Big Elm Rlty
Grant Deed
$225,000 · Milford National Bank & Trust
Sep 9, 1988
—
Big Elm Realty
—
Deed Of Trust
related
$175,000 · Foxboro Savings Bank
—
—
Ali Alavi-nassab
—
Deed Of Trust
related
$270,000 · Grafton Suburban 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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