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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Retail properties & Spaces
307 Elm St Milford, NH 03055-4766
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US58-0016076
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1960
Construction
FRAME
Total area
3,466 SF
Lot
1.32 ac (57,499 SF)
Zoning code
ICI
APN
MFRD M:18 B:1 L:1
UPID
US58-0016076
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
-
NH WaterCare Corp. Water Treatment Supplier Water Filter Supplier
-
Superior Roofing and Siding Roofing Company General Contractor
-
Junk Truck NH (Junk Removal Service) Waste Management Facility
-
Rent-A-Goodtime Party Supply Store Rental Equipment Company
-
Steven A Desmarais Construction Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$530k
Owner & transaction history
M & C Properties LLC · 7 yrs held
M & C Properties LLC
since 2018
6 recorded transactions
Zoning & alternative use
ICI · Milford, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$615,000
+8.2%
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
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
RETAIL STORES
$565,000
Current use
AUTO REPAIR, GARAGE
$615,000
Change: +8% · Conversion: Difficult
OFFICE BUILDING
$515,000
Change: -9% · Conversion: Easy
COMMERCIAL (GENERAL)
$485,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$153 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$10,192
Tax year 2023
Assessed value
$459,700
Assessed 2023
Previous assessed
$459,700
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$174,300
Assessed improvement
$285,400
Applied tax rate
48,020.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
4
Total area
3,466 SF
Lot
1.32 ac (57,499 SF)
Zoning code
ICI
APN
MFRD M:18 B:1 L:1
UPID
US58-0016076
Jurisdiction
MILFORD TOWN
Zoning & alternative use
ICI · Milford, NH
Zoning ICI · permitted uses
ICI · Milford, NH
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
$565,000
AUTO REPAIR, GARAGE
Est. value
$615,000
OFFICE BUILDING
Est. value
$515,000
COMMERCIAL (GENERAL)
Est. value
$485,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1960
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
4
Lot
1.32 ac
Current owner
From public records · entity-resolved
M & C Properties LLC
Entity
Mailing address
307 ELM ST STE D, MILFORD, NH 03055-4727
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2018
$350,000
M & C Properties LLC
Desmarais,sarah O
Warranty Deed
$146,000 · Granite St Economic Dev
May 15, 2013
$350,000
Salt Creek Props LLC
Sarah O Desmarais Ret
Trustees Deed
$230,000 · Sarah O Desmarais Ret
Apr 24, 2013
—
Sarah O Desmarais
—
Deed Of Trust
related
$181,500 · Centrix Bank & Trust
Sep 20, 2007
—
Infeft LLC
—
Deed Of Trust
related
$640,000 · Silver Hill Financial LLC
Dec 7, 2006
$137,500
Sarah O Desmarais
Thomas L Vlach T
Deed
$160,000 · Centrix Bk & Tr
Dec 18, 1998
$162,000
Sarah O Desmarais
Highlands Rlty INC
Warranty Deed
$125,000 · Bank Of New Hampshire
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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