Technical
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Property profile

455 Fortune Blvd Milford, MA 01757

FOR LEASE
Other industrial properties
Property ID
US38-1380670
4.09 ac lot
Individually Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a flex/R&D building configured for combined warehousing, office, and laboratory use, with approximately 11,110 square feet of interior space. It includes warehouse areas, private offices, and a lab area equipped with ventilation hoods and a dedicated chemical room. The facility has a 19-foot clear height and features two loading docks, supporting flexible loading access. The building is located on Fortune Boulevard within an established, professionally managed business park, which provides on-site parking and loading access, and includes neighboring commercial and light industrial tenants. The site is approximately one mile from I-495, offering convenient access to Boston, Worcester, and Providence, and the Fortune Boulevard area includes retail, dining, and hotel options. The premises are secured and managed with local maintenance and on-site management support.

Property profile

Verified
Property type Other industrial properties
Use group INDUSTRIAL (GENERAL)
Lot 4.09 ac (178,160 SF)
Zoning code IB
APN MILF M:32 B:098 L:7
UPID US38-1380670

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Roofing Company General Contractor
  • Pharmacy
  • Distribution Center Logistics Company

Location

455 Fortune Blvd Milford, MA 01757
Milford metro Census 744202 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$430k

Owner & transaction history

since 2019
4 recorded transactions
2019
$2.8M
2010
Price N/A
1998
Price N/A
1988
Price N/A

Zoning & alternative use

IB · Milford, MA
Zoning description

ACTIVITY OR USE RA RB RC RD OR BP CA CB CC IA IB IC RECREATIONAL USES Camping, commercial O O O O O O O O O O O O Camping, supervised O A A A O O O O O O O O Commercial recreation/ Indoor l O O O O O O P P P P P P Commer…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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