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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    403 Broad St Milford, PA 18337-1508

    • Investment properties
    • 4,983 SF
    • 0.25 lot acres
    OFF-MARKET
    Last Sale
    Sep 10, 2021
    $2,135,000
    Value Estimations
    $2,105,000
    Show details
    Cap Rate Potential
    2.4%
    Investment properties
    Location Intelligence
    Property ID
    US73-3710420
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 403 Broad Café / Cafe & Coffee Shop
    • Milford Hospitality Group / Property Management Company

    Property Details for 403 Broad St

    Year built
    1960
    Lot size
    0.25 lot acres
    Property size
    4,983 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    113.13-03-35.003-
    APU
    113130335003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,120,000
      ML approach
      $2,035,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Pike
    State
    Pennsylvania
    Longitude
    -74.8009
    Latitude
    41.3237
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,162
    $26,600
    $45,060
    $71,660
    -
    $106,400
    $180,240
    $286,640

    Comparable in this City

    • Value Estimation
      $520,000
      5,345 SF

      215 Harford St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,345 SF
      215 Harford St, Milford, PA 18337-1003
      View Details
    • Value Estimation
      $895,000
      10,300 SF

      516 Rte 6th And 209

      OFFICE/RESIDENTIAL (MIXED USE) • 10,300 SF
      516 Rte 6th And 209, Milford, PA 18337-9414
      View Details
    • Value Estimation by Request
      4,060 SF

      105 Bennett Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,060 SF
      105 Bennett Ave, Milford, PA 18337-9502
      View Details
    • Value Estimation
      $1,215,000
      8,220 SF

      105 Wheatfield Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 8,220 SF
      105 Wheatfield Dr, Milford, PA 18337-7809
      View Details
    • Value Estimation by Request
      7,658 SF

      214 Harford St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,658 SF
      214 Harford St, Milford, PA 18337-1140
      View Details
    • Value Estimation by Request
      5,264 SF

      310 Harford St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,264 SF
      310 Harford St, Milford, PA 18337-1128
      View Details

    Similar Nearby for Sale

    • $650,000
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      Milford Mixed-Use Investment Opportunity

      Prime commercial/residential property in Milford's vibrant core.
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    • $740,000
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      Mixed-Use Property Near Milford Exit

      Mixed-use property with commercial space and residential charm.
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      Milford Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and residential charm in Milford.
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    • Contact for pricing

      Retail Space with High Visibility

      Retail space with excellent visibility and access to Route 29.
      102 Milford Landing Dr, Milford, PA 18337
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    • Contact for pricing
      1.34 Acres

      Land in Conashaugh Lakes

      1.34 acres of land in Milford, Pennsylvania.
      2601 Iroquois Trl, Milford, PA 18337
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    • Contact for pricing
      0.97 Acres

      Land in Crescent Lakes

      0.97-acre lot in Milford, PA, Crescent Lakes.
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    Similar Nearby for Lease

    • $2,000 /Mo
      84,506 SF

      Prime Commercial Space in Milford

      Highly visible commercial space in the heart of Milford Borough.
      501 W Harford St, Milford, PA 18337
      View Details
    • $4,590 /Mo

      Milford Office Space For Rent

      3,060 SF office space in prime location.
      10 Buist Rd, Milford, PA 18337
      View Details
    • New
      $725 /Mo
      44,867 SF

      Prime Office Location in Milford

      Office space for lease in a convenient Milford location.
      111 Wheatfield Dr Unit, Milford, PA 18337
      View Details
    • $2,900 /Mo
      8,712 SF

      Prime Milford Borough Commercial Space

      Rare commercial rental opportunity in the heart of Milford Borough.
      301 E Harford St, Milford, PA 18337
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    • $3,200 /Mo
      14,375 SF

      Versatile Commercial Space in Milford

      Prime Broad Street location suitable for retail, office, or service.
      601 Broad St, Milford, PA 18337
      View Details
    • $4,000 /Mo

      Commercial Building Near Town

      3000 sq ft commercial building available for lease near town.
      112 Sawkill Rd, Milford, PA 18337
      View Details
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    403 Broad St
    Milford, PA 18337-1508
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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