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Property profile & analytics
OFF-MARKET Estimated value $5,460,000
Showrooms

321 Fortune Blvd Milford, MA 01757-1750

44,605 SF 4.25 ac lot Built 1989
Individually Owned 12-yr Hold Free & Clear
Property ID
US38-1701069
Property summary
AI-generated overview

This exceptional opportunity presents 27,463 square feet of vacant medical office space at 321 Fortune Blvd, Milford, MA, 01757. Located in Worcester County, this Class B building offers multiple tenancy options within a 42,000 square foot building. Individual suites range from a minimum of 385 square feet to a maximum contiguous space of 23,351 square feet. The first floor offers suites ranging from approximately 385 to 2,680 square feet, while the entire second floor (approximately 21,353 square feet) is also available and can be subdivided. The property enjoys a highly convenient location directly off Route 85, providing easy access to Route 495 (exit 20, approximately a 4-minute drive) and the Mass Pike (15-minute drive). Its strategic position ensures proximity to a wide array of amenities, including major retailers like Target, Lowe's, and TJ Maxx, as well as numerous restaurants, hotels, and other conveniences. This prime location offers excellent visibility and accessibility for medical practices seeking a thriving and well-connected environment. The property is ideal for medical professionals seeking flexible and adaptable space to meet their specific needs.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1989
Construction STEEL FRAME
Total area 44,605 SF
Lot 4.25 ac (185,130 SF)
Zoning code IB
APN MILF M:29 B:098 L:18
UPID US38-1701069
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
  • Dr. Susan E. Barrett, MD Physician
  • Dr. John M. Mulroy, MD Physician
  • Holliston Pediatric Group Medical Clinic
  • Ob/gyn In Milford Physician Medical Clinic
  • Helder M. Garcia, PA Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.19M
Comparable Approach Comparable
$6.39M
Blend (final) Blend
$5.46M
Owner & transaction history
Sixteen Hubdred RT · 12 yrs held
Sixteen Hubdred RT
since 2014
7 recorded transactions
2018
Price N/A
2014
$5.9M
2009
$1
2009
Price N/A
2006
$5.0M
2002
Price N/A
1999
$3.3M
Zoning & alternative use
IB · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $8.4M +54.5%
Retail stores $7.0M +28.5%
Auto repair, garage $6.8M +25.7%
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