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Property profile & analytics
OFF-MARKET
Estimated value
$12,950,000
Hotels
50 Fortune Blvd Milford, MA 01757-1745
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-2242531
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Construction
STEEL FRAME
Total area
59,316 SF
Lot
3.75 ac (163,350 SF)
Zoning code
IB
APN
MILF M:28 B:098 L:28
UPID
US38-2242531
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
-
Holiday Inn Express Boston-Milford, an IHG Hotel Hotel & Motel
-
Hotel Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.95M
Owner & transaction history
Fortune Forever LLC · 2 yrs held
Fortune Forever LLC
since 2024
Last sale
$13.0M
7 recorded transactions
Zoning & alternative use
IB · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$7.8M
+149.3%
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
$12,950,000
ML approach
$12,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$7,830,000
Change: +149% · Conversion: Difficult
Blend value · Realmo final
$12.95M
Range $11.66M – $14.25M · ±10% · vs last sale $12.95M (Jan 25 2024)
Last sale anchor
$12.95M
Jan 25 2024
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
$218 / 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
$113,201
Tax year 2024
Assessed value
$4,699,100
Assessed 2024
Previous assessed
$4,699,100
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$1,257,000
Assessed improvement
$3,442,100
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
4
Units
111
Rooms
111
Bathrooms
115
Total area
59,316 SF
Lot
3.75 ac (163,350 SF)
Zoning code
IB
APN
MILF M:28 B:098 L:28
UPID
US38-2242531
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
OFFICE BUILDING
Est. value
$7.8M
OFFICE BUILDING
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
1999
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
4
Buildings
1
Units
111
Rooms
111
Bathrooms
115
Lot
3.75 ac
Current owner
From public records · entity-resolved
Fortune Forever LLC
Entity
Mailing address
50 FORTUNE BLVD, MILFORD, MA 01757-1745
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
—
Fortune Forever LLC
—
Deed
related
$4,396,000 · New England Certified Development Corp
Jan 25, 2024
$12,951,250
Fortune Forever LLC
Fortune Blvd Realty LLC
Quit Claim Arm's Length For Ne States
$6,550,000 · Bristol County Savings Bank
Nov 15, 2013
—
Fortune Boulevard LLC
100 Quarry Dr Realty LLC
Quit Claim Deed
related
—
Aug 29, 2013
—
Fortune Blvd Realty LLC
—
Deed Of Trust
related
$3,041,000 · South Eastern Econ Dev Corp
Mar 23, 2012
$6,300,000
Fortune Blvd Realty LLC
Sagecrest Milford LLC
Grant Deed
$4,231,625 · Bristol County Savings Bank
Mar 23, 2012
—
Fortune Blvd Realty LLC
—
Deed Of Trust
related
$2,962,138 · Bristol County Savings Bank
Jan 26, 2012
$9,800,000
Sagecrest Milford LLC
Sagecrest 2 LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Aug 22, 2008
—
Sagecrest Fin LLC
—
Deed Of Trust
related
$9,845,427 · Worth Funding INC
Jul 16, 2007
$9,800,000
Sagecrest Milford LLC
Capitol Milford LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 12, 2006
—
Capitol Milford LLC
—
Deed Of Trust
related
$7,796,420 · Sagecrest 2 LLC
Dec 9, 2003
—
Capitol Milford LLC
—
Deed Of Trust
related
$3,260,000 · Michael L Menzer
Mar 13, 2002
—
Capitol Milford LLC
—
Deed Of Trust
related
$300,000 · Zions First National Bank
Nov 4, 1999
—
Capitol Milford LLC
—
Deed Of Trust
related
$5,000,000 · Zions First National Bank
Jun 9, 1999
$625,000
Capitol Milford LLC
Meehan,kevin P
Grant Deed
—
May 5, 1999
$625,000
Capitol Milford LLC
Meehan,kevin P
Grant Deed
—
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.
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