Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    50 Fortune Blvd Milford, MA 01757-1745

    • Hotels
    • 59,316 SF
    • 3.75 lot acres
    OFF-MARKET
    Value Estimation
    $13,250,000
    Last Sale
    Jan 25, 2024
    $12,951,250
    Location Intelligence
    Property ID
    US38-2242531
    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

    • Holiday Inn Express Boston-Milford, an IHG Hotel / Hotel / Conference Center
    • Hotel / Condominium Complex

    Property Details for 50 Fortune Blvd

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    3.75 lot acres
    Property size
    59,316 SF
    Zone code
    IB
    Property type
    Hotels
    APN
    MILF M:28 B:098 L:28
    APU
    MILFM28B098L28

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $12,950,000

    • CAP approach

      CAP return
      Estimation
      6%
      $11,685,000
      6.5%
      $12,730,000
      7%
      $13,020,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $14,380,000
      Geo Method
      $13,900,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,335,000
      Retail
      $14,415,000
      Mixed-Use
      $13,800,000
      Hospitality
      $13,270,000
      Educational
      $15,045,000
      Residential Income
      $13,910,000
      Energy
      $13,420,000
      Income-Based Land
      $13,405,000
      Food Service
      $14,080,000

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5034
    Latitude
    42.162
    CBSA code
    49340
    CBSA name
    WORCESTER, MA-CT 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
    $113,201
    $1,257,000
    $3,442,100
    $4,699,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      143,249 SF

      11 Beaver St

      HOTEL • 143,249 SF
      11 Beaver St, Milford, MA 01757-2818
      View Details
    • Value Estimation
      $4,330,000
      34,751 SF

      1 Fortune Blvd

      HOTEL • 34,751 SF
      1 Fortune Blvd, Milford, MA 01757-1746
      View Details
    • Value Estimation by Request
      81,065 SF

      10 Fortune Blvd

      HOTEL • 81,065 SF
      10 Fortune Blvd, Milford, MA 01757-1745
      View Details
    • Value Estimation by Request
      30,290 SF

      3 Fortune Blvd

      MOTEL • 30,290 SF
      3 Fortune Blvd, Milford, MA 01757-1746
      View Details
    • Value Estimation by Request
      3.85 Acres

      231 West St

      Land • 3.85 Acres
      231 West St, Milford, MA 01757
      View Details
    • Value Estimation by Request
      0.11 Acres

      Bragg Slip Slip

      VACANT COMMERCIAL LAND • 0.11 Acres
      Bragg Slip Slip, Milford, MA 01757
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8.80 Acres

      Milford Industrial Warehouse - 52,000 SF

      Prime Milford warehouse, 8.8 acres, I-495 access.
      31 Beaver St, Milford, MA 01757
      View Details
    • $985,000

      Mixed-Use Property in Prime Location

      High-visibility mixed-use property with commercial and residential buildings.
      36 Main St, Milford, MA 01757
      View Details
    • $274,900

      3.82 Acre Commercial Lot

      Commercial land for sale, maximum building size 4500 sq. ft.
      West St, Milford, MA 01757
      View Details
    • $639,900

      Updated Multifamily Residence Near Hospital

      Updated multifamily property, ideal for owner-occupant or investor.
      318 Main St, Milford, MA 01757
      View Details
    • $589,000

      Legal Three-Family Investment Property

      Three-unit property with separate utilities and parking.
      56 S Bow St, Milford, MA 01757
      View Details
    • $589,900
      1,795 SF

      Milford Storefront Business Sale

      Established Flooring Business w/Real Estate
      40 Main St, Milford, MA 01757
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,364 SF

      Prime Milford Retail Space

      6,364 SF Free-Standing Retail Building
      5 Medway Rd, Milford, MA 01757
      View Details
    • Contact for pricing
      16,512 SF

      Milford Retail/Office Space for Lease

      Retail and office space with high visibility and ample parking.
      231 East Main St, Milford, MA 01757
      View Details
    • Contact for pricing
      50,000 SF

      Milford Office Space Available

      50000 square feet of office space for rent.
      83 Cedar St, Milford, MA 01757
      View Details
    • Contact for pricing
      2,800 SF

      Retail Space in Milford Plaza

      Retail space available in updated Milford Plaza shopping center.
      91 Medway Rd, Milford, MA 01757
      View Details
    • $2,750 /Mo

      Retail Space in High-Traffic Location

      Retail space suitable for restaurant or cafe in Milford, MA.
      204 E Main St, Milford, MA 01757
      View Details
    • $19 SF/Yr
      5,500 SF

      Versatile Office and Retail Property

      40,000 SF office and retail property with flexible spaces.
      258 Main St, Milford, MA 01757
      View Details

    Property Visit Statistics

    • Visits by month
      0
    • Visitors by month
      2.4k
    • Avg Time on site
      511 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    50 Fortune Blvd
    Milford, MA 01757-1745
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.