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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Individual retail properties
51 Sumner St, Milford, MA 01757-1791
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1377593
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
2006
Construction
STEEL FRAME
Total area
14,400 SF
Lot
2.18 ac (94,865 SF)
Zoning code
IA
APN
MILF M:34 B:000 L:73E
UPID
US38-1377593
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
-
Milford Tax Group Accounting Firm Tax Preparation
-
NRG LAB Fitness Center Milford Gym & Fitness Center
-
Japan Karate Do Ryobu-Kai New England Training Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.70M
Owner & transaction history
51 Sumner St LLC · 6 yrs held
51 Sumner St LLC
since 2020
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
IA · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+254.4%
Medical building
$1.8M
+230.5%
Restaurant
$1.8M
+227.5%
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
$2,365,000
ML approach
$2,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,900,000
Change: +254% · Conversion: Difficult
MEDICAL BUILDING
$1,775,000
Change: +231% · Conversion: Difficult
RESTAURANT
$1,755,000
Change: +228% · Conversion: Difficult
RETAIL STORES
$1,730,000
Change: +222% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,620,000
Change: +202% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,045,000
Change: +95% · Conversion: Difficult
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10% · vs last sale $1.61M (May 26 2020)
Last sale anchor
$1.61M
May 26 2020
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
$118 / 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
$27,426
Tax year 2024
Assessed value
$1,138,500
Assessed 2024
Previous assessed
$1,138,500
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$261,300
Assessed improvement
$877,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Bathrooms
7
Total area
14,400 SF
Lot
2.18 ac (94,865 SF)
Zoning code
IA
APN
MILF M:34 B:000 L:73E
UPID
US38-1377593
Jurisdiction
MILFORD
Zoning & alternative use
IA · Milford, MA
Zoning IA · permitted uses
IA · 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
$1.9M
MEDICAL BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Bathrooms
7
Lot
2.18 ac
Current owner
From public records · entity-resolved
51 Sumner St LLC
Entity
Mailing address
53 SUMNER ST, MILFORD, MA 01757-1656
Ownership since
2020
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
Nov 6, 2025
—
51 Sumner St LLC
—
Deed
related
$1,750,000 · Provident Bank
May 26, 2020
$1,610,000
51 Sumner St LLC
Clemente Realty LLC
Quit Claim Arm's Length For Ne States
$1,207,500 · Td Bank NA
Jun 30, 2006
—
Clemente Rlty LLC
—
Deed Of Trust
related
$50,000 · Hometown Bank Coop
Mar 3, 2006
—
Clemente Realty LLC
—
Deed Of Trust
related
$756,000 · Worc Bus Dev Corp
Oct 18, 2005
—
Clemente Realty LLC
—
Deed Of Trust
related
$907,500 · Hometown Bank Coop
Jul 15, 2005
$605,000
Clemente Rlty LLC
Sumner Rlty Dev LLC
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.
Try Rey
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