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Property profile & analytics
OFF-MARKET
Estimated value
$5,345,000
Industrial properties
51 Scarborough Ln Milford, NH 03055-3117
Entity Owned
10-yr Hold
Free & Clear
Property ID
US58-0112810
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Construction
STEEL FRAME
Total area
52,410 SF
Lot
13.57 ac (591,109 SF)
Zoning code
I
APN
MFRD M:6 B:42 L:7
UPID
US58-0112810
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
-
Alene Candles LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.92M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.35M
Owner & transaction history
Gray Farm Realty Of Milford LLC · 10 yrs held
Gray Farm Realty Of Milford LLC
since 2015
6 recorded transactions
Zoning & alternative use
I · Milford, NH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.6M
+36.7%
Office building
$7.8M
+24.1%
Commercial (general)
$7.4M
+17.6%
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%
$7,490,000
6.5%
$6,915,000
7%
$6,420,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,270,000
Current use
RETAIL STORES
$8,570,000
Change: +37% · Conversion: Moderate
OFFICE BUILDING
$7,780,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,370,000
Change: +18% · Conversion: Difficult
Blend value · Realmo final
$5.35M
Range $4.81M – $5.88M · ±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
$102 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$152,986
Tax year 2023
Assessed value
$6,900,600
Assessed 2023
Previous assessed
$6,900,600
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$872,300
Assessed improvement
$6,028,300
Applied tax rate
48,020.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Units
1
Total area
52,410 SF
Lot
13.57 ac (591,109 SF)
Zoning code
I
APN
MFRD M:6 B:42 L:7
UPID
US58-0112810
Jurisdiction
MILFORD TOWN
Zoning & alternative use
I · Milford, NH
Zoning I · permitted uses
I · Milford, NH
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
INDUSTRIAL (GENERAL) Current
Est. value
$6.3M
RETAIL STORES
Est. value
$8.6M
OFFICE BUILDING
Est. value
$7.8M
COMMERCIAL (GENERAL)
Est. value
$7.4M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
1
Lot
13.57 ac
Current owner
From public records · entity-resolved
Gray Farm Realty Of Milford LLC
Entity
Free & Clear · 10 yrs held
Mailing address
51 SCARBOROUGH LN, MILFORD, NH 03055-3117
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
May 16, 2025
—
Hot To Touch LLC
—
Deed
related
$5,400,000 · The Huntington National Bank
May 26, 2016
—
Hot To Touch LLC
—
Deed
related
$7,840,000 · Td Bk NA
Sep 15, 2015
$2,667
Gray Farm Realty Of Milford LLC
Ksh Realty LLC
Warranty Deed
related
—
Aug 27, 2015
$2,667
Hitchiner Manufacturing Co INC
Ksh Realty LLC
Warranty Deed
related
—
—
—
Ksh Realty LLC
—
Deed Of Trust
related
$2,160,000 · Td Bk NA
—
—
Hot To Touch LLC
—
Loan Modification
related
$7,840,000 · Td Bk NA
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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