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Property profile & analytics
FOR LEASE
Showrooms
409 Fortune Blvd Milford, MA 01757
Entity Owned
17-yr Hold
Free & Clear
Property ID
US38-1513359
For Lease
$18.50 SF/Yr
409 Fortune Blvd, Milford, MA 01757
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Construction
FRAME
Total area
19,916 SF
Lot
3.44 ac (149,846 SF)
Zoning code
IB
APN
MILF M:32 B:098 L:5
UPID
US38-1513359
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
-
Pamela Thompson Foster Care Service Social Service Agency
-
Judith Feldman-Kingsbury Foster Care Service Social Service Agency
-
Ann Zierler Foster Care Service Social Service Agency
-
Robert Gould Foster Care Service Social Service Agency
-
Melissa Baratta Foster Care Service Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.77M
Comparable Approach
Comparable
$2.12M
Blend (final)
Blend
$2.05M
Owner & transaction history
Quarry View Realty LLC · 17 yrs held
Quarry View Realty LLC
since 2008
6 recorded transactions
Zoning & alternative use
IB · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+28.5%
Auto repair, garage
$3.1M
+25.7%
Neighborhood: shopping center
$2.5M
+3.4%
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%
$2,995,000
6.5%
$2,765,000
7%
$2,565,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,430,000
Current use
RETAIL STORES
$3,125,000
Change: +29% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,055,000
Change: +26% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,515,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,390,000
Change: -2% · Conversion: Moderate
OFFICE BUILDING
$2,225,000
Change: -9% · Conversion: Easy
WAREHOUSE, STORAGE
$2,000,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.05M
Range $1.84M – $2.25M · ±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
$103 / 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
$51,721
Tax year 2024
Assessed value
$2,147,000
Assessed 2024
Previous assessed
$2,147,000
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$607,200
Assessed improvement
$1,539,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
7
Bathrooms
4
Total area
19,916 SF
Lot
3.44 ac (149,846 SF)
Zoning code
IB
APN
MILF M:32 B:098 L:5
UPID
US38-1513359
Jurisdiction
MILFORD
Zoning & alternative use
IB · Milford, MA
Zoning IB · permitted uses
IB · 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
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
RETAIL STORES
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1984
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
7
Bathrooms
4
Lot
3.44 ac
Current owner
From public records · entity-resolved
Quarry View Realty LLC
Entity
Free & Clear · 17 yrs held
Mailing address
409 FORTUNE BLVD, MILFORD, MA 01757-1741
Ownership since
2008
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
Dec 31, 2008
—
Quarry View Realty LLC
—
Deed Of Trust
related
$600,000 · Enterprise Bank & Trust
Sep 8, 2008
$1
Quarry View Realty LLC
Quarry View RT
Grant Deed
—
May 1, 1998
—
Quarry View RT
—
Deed Of Trust
related
$85,000 · Milford National Bank & Trust
Sep 19, 1996
—
Quarry View RT
—
Deed Of Trust
related
$180,000 · Milford National Bank & Trust
Dec 22, 1993
—
View R T Quarry
—
Deed Of Trust
related
$750,000 · Milford National Bank & Trust
Sep 30, 1987
—
Quarry View Rlty Trust
—
Deed Of Trust
related
$2,056,000 · Springfield Inst Svgs
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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