Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    586 Nashua St Milford, NH 03055
    Back to Search
    Property profile & analytics

    586 Nashua St, Milford, NH 03055

    View on Map
    • Super regional malls
    • 70,612 SF
    • 6.42 lot acres
    For Lease
    $1,195,000
    View Listing →
    Grocery Anchored Shopping Center Space For Lease
    $1,195,000
    168,000 SF

    Grocery Anchored Shopping Center Space

    168,000 square-foot shopping center anchored by Shaw’s Supermarket.

    586 Nashua St, Milford, NH 3055
    View Listing
    Property ID
    US58-0094980
    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
    $1,195,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • CDReload - Online Bitcoin ATM / Crypto Atm / Atm
    • higi / Physician
    • Milford Laundromat LLC / (Bike/Boat/Book/etc) Store
    • Coinhub Bitcoin ATM Teller / Atm
    • Olga Voroshilova / Physician / Medical Clinic

    Property Details for 586 Nashua St

    Year built
    1989
    Construction
    STEEL FRAME
    Lot size
    6.42 lot acres
    Zone code
    C
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    MFRD M:44 B:6
    APU
    MFRDM44B6

    Description

    This exceptional sublease opportunity is located within Summit Strength, a thriving 24/7 fitness center in Milford, NH, at 586 Nashua Street, Unit 19. The space is ideally suited for businesses complementary to the fitness industry, such as physical therapy, massage therapy, chiropractic services, wellness coaching, or nutrition counseling. The highly visible location boasts easy access from major roadways, Route 101 and Route 3, ensuring high traffic and visibility for your business. This sublease offers a unique advantage: all utilities are included in the monthly rent of $1750, encompassing heating, air conditioning, and electricity. This all-inclusive approach minimizes your operational overhead and allows you to focus on building your client base. The space is part of a dynamic and health-conscious community within a well-established fitness center, providing a built-in network of potential clients and a supportive environment. This is a remarkable chance to establish or expand your business in a prime location with minimal upfront investment and maximum convenience. Don't miss this opportunity to become part of a thriving fitness community. The property is situated on a 0-acre lot. The exact square footage is not currently available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $985,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,404,000
      Market price range: $909k - $2.32M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,505,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Milford
    County
    Hillsborough
    State
    New Hampshire
    Longitude
    -71.625
    Latitude
    42.8247
    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
    $187,988
    $1,042,300
    $7,437,100
    $8,479,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,375,000
      18,000 SF

      614 Nashua St

      REGIONAL SHOPPING CENTER, MALL
      614 Nashua St, Milford, NH 03055-4943
      View Details
    • Value Estimation
      $1,070,000
      54,186 SF

      606 Nashua St

      REGIONAL SHOPPING CENTER, MALL
      606 Nashua St, Milford, NH 03055-4917
      View Details
    • Value Estimation
      $1,300,000
      7,654 SF

      52 Federal Hl Rd

      RESTAURANT
      52 Federal Hl Rd, Milford, NH 03055-3542
      View Details
    • Value Estimation
      $850,000
      7,873 SF

      241 Un Sq

      RESTAURANT
      241 Un Sq, Milford, NH 03055-4268
      View Details
    • Value Estimation by Request
      3,992 SF

      37 Un Sq

      DEPARTMENT STORE
      37 Un Sq, Milford, NH 03055-4239
      View Details
    • Value Estimation
      $2,435,000
      22,074 SF

      222 Elm St

      DEPARTMENT STORE
      222 Elm St, Milford, NH 03055-4736
      View Details

    Similar Nearby for Sale

    • $600,000

      Historic Milford Oval Mixed-Use Property

      Mixed-use property with retail and apartments on Milford Oval.
      111 Union Sq, Milford, NH 03055
      View Details
    • $1,099,000
      4,548 SF

      Restored Greek Revival Multi-Family Property

      Restored multi-family property near downtown Milford with accessory dwelling unit.
      18 Souhegan St, Milford, NH 03055
      View Details
    • $700,000
      0.04 Acres

      Milford Mixed-Use Investment Opportunity

      Commercial storefront with apartment in Milford's prime location.
      123 Union Sq, Milford, NH 03055
      View Details
    • $1,014,900

      New Construction Townhouse-Style Duplex

      New construction duplex with open layout, suitable for investment.
      82 Wilton Rd, Milford, NH 03055
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,000 SF

      Granite Town Plaza Retail Space

      Retail units available in Granite Town Plaza, Milford, NH.
      185 Elm St, Milford, NH 03055
      View Details
    • Contact for pricing

      Grocery Anchored Shopping Center Space

      168,000 square-foot shopping center anchored by Shaw’s Supermarket.
      586 Nashua St, Milford, NH 03055
      View Details
    • Contact for pricing

      Retail Units in Granite Town

      Retail spaces available in Milford, NH, anchored by Tractor Supply.
      185 Elm St, Milford, NH 03055
      View Details
    • $1,600 /Mo

      Milford Office/Retail Unit For Rent

      Office/service retail unit for rent with prominent visibility.
      335 Nashua St, Milford, NH 03055
      View Details
    • Contact for pricing

      Retail Units in Granite Town

      Retail units available for lease in Milford, New Hampshire.
      185 Elm St, Milford, NH 03055
      View Details
    • Contact for pricing

      Retail Space on Nashua Street

      Retail spaces available with high visibility near major brands.
      614 Nashua St, Milford, NH 03055
      View Details
    View Listing
    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.
    586 Nashua St
    Milford, NH 03055
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    586 Nashua St, Milford, NH, 03055
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!