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Property profile & analytics
OFF-MARKET
Estimated value
$11,985,000
Warehouses
75 Fortune Blvd Milford, MA 01757-1746
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0794949
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
64,950 SF
Lot
8.8 ac (383,328 SF)
Zoning code
IB
APN
MILF M:28 B:098 L:8
UPID
US38-0794949
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.99M
CAP Approach
CAP
$11.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.99M
Owner & transaction history
Nitto Denko Avecia INC · 3 yrs held
Nitto Denko Avecia INC
since 2023
Last sale
$14.0M
6 recorded transactions
Zoning & alternative use
IB · Milford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$12.2M
+87.9%
Retail stores
$10.2M
+56.4%
Auto repair, garage
$10.0M
+52.9%
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
$12,300,000
ML approach
$7,990,000
CAP Approach
CAP Return
Estimation
6%
$12,615,000
6.5%
$11,645,000
7%
$10,810,000
Alternative Use
Use
Estimation
RESTAURANT
$12,245,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$10,190,000
Change: +56% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,965,000
Change: +53% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,195,000
Change: +26% · Conversion: Moderate
COMMERCIAL (GENERAL)
$7,930,000
Change: +22% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,795,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$7,250,000
Change: +11% · Conversion: Difficult
Blend value · Realmo final
$11.99M
Range $10.79M – $13.18M · ±10% · vs last sale $14.00M (May 11 2023)
Last sale anchor
$14.00M
May 11 2023
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
$185 / 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
$83,901
Tax year 2024
Assessed value
$3,482,800
Assessed 2024
Previous assessed
$3,482,800
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$1,464,900
Assessed improvement
$2,017,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Bathrooms
5
Total area
64,950 SF
Lot
8.8 ac (383,328 SF)
Zoning code
IB
APN
MILF M:28 B:098 L:8
UPID
US38-0794949
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
RESTAURANT
Est. value
$12.2M
RETAIL STORES
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$10.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.2M
COMMERCIAL (GENERAL)
Est. value
$7.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.8M
OFFICE BUILDING
Est. value
$7.3M
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Bathrooms
5
Lot
8.8 ac
Current owner
From public records · entity-resolved
Nitto Denko Avecia INC
Entity
Free & Clear · 3 yrs held
Mailing address
75 FORTUNE BLVD, MILFORD, MA 01757-1746
Ownership since
2023
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 11, 2023
$14,000,000
Nitto Denko Avecia INC
Cap Prop-milford A LLC
Quit Claim Arm's Length For Ne States
—
Dec 6, 2012
—
Cap Props Milford A LLC
—
Deed Of Trust
related
$2,797,080 · Thomas A Ricchi
Jun 26, 2003
$2,500,000
Prop Milford Cap
Columbia Elec Corp
Grant Deed
$2,160,000 · Sovereign Bank
Jun 28, 2001
—
Columbia Electric Corp
—
Deed Of Trust
related
$4,200,000 · Century Bus Credit Co
Dec 29, 1995
—
Columbia Elec Rlty Co
—
Deed Of Trust
related
$1,872,847 · Fleet National Bank
Jun 14, 1988
—
Elec Rlty Cor Columbia
—
Deed Of Trust
related
$3,400,000 · Shawmut Bank Of Boston
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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