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    48 Powers St Milford, NH 03055
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    48 Powers St, Milford, NH 03055

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    • Warehouses
    • 25,410 SF
    • 3.00 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    Milford Warehouse and Office Space For Lease
    $10 SF/Yr
    31,625 SF

    Milford Warehouse and Office Space

    Freestanding warehouse and office building available for lease in Milford.

    48 Powers St, Milford, NH 3055
    View Listing
    Property ID
    US58-0113652
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Yankee Toy Box, LLC / Corporate Office

    Property Details for 48 Powers St

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    3.00 lot acres
    Zone code
    I
    Property type
    Warehouses
    APN
    MFRD M:43 B:39
    APU
    MFRDM43B39

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 12, 2018 — Omnitrix Holdings LLC — Deed · related $1.5M · Bank Of America
    Jul 5, 2017 — Omnitrix Holdings LLC — Deed · related $1.4M · Bank Of America
    Sep 15, 2014 $1,475,000 Omnitrix Holdings LLC Square Props Warranty Deed $1.4M · Bank Of America
    — — Omnitrix Holdings LLC — Deed Of Trust · related $1.4M · Bank Of America
    — — Omnitrix Holdings LLC — Deed Of Trust · related $1.5M · Bank Of America

    Description

    This exceptional 31,625-square-foot industrial property in Milford, New Hampshire, is available for lease starting May 2025. The freestanding building, constructed in 1970 and renovated in 2021, offers a blend of warehouse and office space ideal for a variety of businesses. The warehouse area totals approximately 19,650 square feet, featuring varying ceiling heights from 7 to 18 feet, with column spacing of 30' x 39'. Loading capabilities include three 8'x8'x4' loading docks and one 12'x10' drive-in. The building also boasts ample office space, with 9,935 square feet distributed across two floors. The first floor comprises approximately 3,720 square feet, including seven offices, a conference room, breakroom, and three bathrooms. The second floor offers approximately 6,215 square feet, featuring twenty offices, two conference rooms, a bathroom, a photo room, and two breakrooms. The property sits on three acres of industrially zoned land near Milford Oval and offers 30 parking spaces. Utilities include municipal water and sewer, natural gas heating, and 480V, 3-phase power. The entire building is fully air-conditioned. This well-maintained property presents a unique opportunity for businesses seeking a versatile and functional space in a convenient location. The property is zoned INDUSTRIAL.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,414,000
      Market price range: $1.87M - $3.08M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,420,000
      Current use
      INDUSTRIAL (GENERAL)
      $3,040,000
      Change: +26% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.6369
    Latitude
    42.8273
    CBSA code
    31700
    CBSA name
    MANCHESTER-NASHUA, NH 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
    2023
    $38,993
    $282,400
    $1,476,400
    $1,758,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,590 SF

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      12 Ciardelli Xing, Milford, NH 03055
      View Details
    • Value Estimation by Request
      1,500 SF

      38 Elm St

      BULK STORAGE, TANKS
      38 Elm St, Milford, NH 03055-4809
      View Details
    • Value Estimation by Request
      1,596 SF

      78 Elm St

      BULK STORAGE, TANKS
      78 Elm St, Milford, NH 03055-4809
      View Details
    • Value Estimation
      $2,725,000
      37,300 SF

      50 Scarborough Ln

      WAREHOUSE, STORAGE
      50 Scarborough Ln, Milford, NH 03055
      View Details
    • Value Estimation
      $990,000
      12,000 SF

      10 Scarborough Ln

      WAREHOUSE, STORAGE
      10 Scarborough Ln, Milford, NH 03055-3117
      View Details
    • Value Estimation
      $1,095,000
      15,375 SF

      261 Elm St

      WAREHOUSE, STORAGE
      261 Elm St, Milford, NH 03055-4716
      View Details

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    • Contact for pricing
      31,625 SF

      Milford Freestanding Warehouse and Office

      Freestanding 31,625 SF warehouse/industrial and office building for sale.
      48 Powers St, Milford, NH 03055
      View Details
    • Contact for pricing
      31,625 SF

      Milford Industrial Space for Lease

      31,625 SF Warehouse/Office, May 2025
      48 Powers St, Milford, NH 03055
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    Similar Nearby for Lease

    • Contact for pricing

      Milford Warehouse and Office Space

      Freestanding warehouse and office building available for lease in Milford.
      48 Powers St, Milford, NH 03055
      View Details
    • $500 /Mo

      Office Suites on Milford Oval

      Second floor office suites available in downtown Milford.
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    View Listing
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    Milford, NH 03055
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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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