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Property profile & analytics
OFF-MARKET
Car washes
40 Jones Rd Milford, NH 03055-3100
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US58-0112795
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2004
Construction
FRAME
Total area
2,358 SF
Lot
0.65 ac (28,314 SF)
Zoning code
ICI
APN
MFRD M:13 B:12 L:3
UPID
US58-0112795
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Otis Properties LLC · 9 yrs held
Otis Properties LLC
since 2016
5 recorded transactions
Zoning & alternative use
ICI · Milford, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The intent of the Integrated Commercial-Industrial District is to provide an area for sales and service activities, both wholesale and retail, as well as industrial activities. This District is intended to be the area in which vehicular oriented business can occur.
Zone name
Integrated Commercial Industrial
General category
INDUSTRIAL
Zone area
585.86 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,165
Tax year 2023
Assessed value
$458,500
Assessed 2023
Previous assessed
$458,500
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$122,500
Assessed improvement
$336,000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
2,358 SF
Lot
0.65 ac (28,314 SF)
Zoning code
ICI
APN
MFRD M:13 B:12 L:3
UPID
US58-0112795
Jurisdiction
MILFORD TOWN
Zoning & alternative use
ICI · Milford, NHZoning ICI · permitted uses
ICI · Milford, NH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The intent of the Integrated Commercial-Industrial District is to provide an area for sales and service activities, both wholesale and retail, as well as industrial activities. This District is intended to be the area in which vehicular oriented business can occur.
Zone name
Integrated Commercial Industrial
General category
INDUSTRIAL
Zone area
585.86 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
0.65 ac
Current owner
From public records · entity-resolved
Otis Properties LLC
Entity
Mailing address
24 HARRIMAN DR, AUBURN, ME 04210-8300
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2016
—
Otis Properties LLC
—
Deed
related
$200,000 · Granite Bk
Mar 13, 2013
—
Otis Properties LLC
—
Deed Of Trust
related
$118,000 · Centrix Bank & Trust
Jul 8, 2008
—
Otis Properties LLC
—
Deed Of Trust
related
$75,000 · Centrix Bank & Trust
—
—
Otis Properties LLC
—
Deed Of Trust
related
$200,000 · Granite Bk
—
—
Otis Properties LLC
—
Deed Of Trust
related
$450,000 · Granite Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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