Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Newport City Land Near Lake Title is generated by Realmo AI

    00 Pine Street Extension, Newport City, VT 05855

    View on Map
    Claim this Listing
    For Sale
    $65,000

    Land - Newport City, VT

    Lot size:
    0.50 Acres
    Added:
    Aug 23, 2024
    Days on Market:
    625
    Last Refresh:
    May 9 at 9:06 pm

    Property Features for 00 Pine Street Extension

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GR
    Standard status
    Active
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Expense value
    20
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Rosemary Lalime

    Listing agent Rosemary Lalime

    Listing office RE/MAX All Seasons Realty 5498 US Route 5, Newport, VT

    Listing date Aug 23, 2024

    MLS# 5011061 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Closest lots to Lake Memphremagog within Pine Bluff Estates.
    • Enjoy access to 1200 feet of private sandy beach on Lake Memphremagog via Pine Bluff Beach Association membership.
    • Includes power, city water, and sewer hookups at each building site.
    • Private street access to the lots.
    • Boat mooring and kayak storage available.
    • Convenient proximity to North Country Hospital and medical facilities.

    Overview

    Three lots are available at Pine Bluff Estates, presenting an opportunity to build a retirement or vacation home. These lots are the closest within the estates to the lake. Each building site is equipped with power, city water, and sewer services. A private street provides access to the lots. Residents can enjoy 1200 feet of sandy beach front on Lake Memphremagog, including a place to moor a boat and storage for kayaks. A screened gazebo is available for relaxation. The beach is privately owned and used by members of the Pine Bluff Beach Association, who reside within the estates. The lots offer easy access to the beach, with membership in the association requiring monthly dues. The area near the lake features walking paths, and is located minutes from North Country Hospital and medical facilities. The location provides access to Newport, Vermont's recreational paths, lake activities, and cultural experiences. The lot size is approximately 0.5 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Newport City
    County
    Orleans
    State
    Vermont
    Longitude
    -72.2004
    Latitude
    44.9201

    Nearby Similar for Sale

    • $375,000
      5,613 SF

      Newport City Flex Commercial Building

      5,613 SF flex building on busy US-5 for sale.
      561 East Main Street, Newport City, VT 05855
      View Details
    • $750,000
      8,500 SF

      Newport City Multi-Family Residence

      Turn-key, fully furnished 4-unit property with lake views.
      29 Campbell Road, Newport City, VT 05855
      View Details
    • $69,500

      Lake Memphremagog Homesite Opportunity

      Homesite near the water, ready to build.
      00 Pine Street, Newport City, VT 05855
      View Details
    • $79,000

      Corner Lot in Industrial Park

      0.21-acre corner lot suitable for various commercial ventures.
      11 Industrial Drive, Newport City, VT 05855
      View Details
    • $219,900

      Leased Office Space in Newport

      Exceptional investment opportunity with long-term tenant in high-traffic location.
      375 East Main Street, Newport City, VT 05855
      View Details
    • $79,000

      Commercial Lot in High-Traffic Area

      Commercial lot with utilities and dual road access in Newport.
      11 Industrial Drive, Newport City, VT 05855
      View Details
    • $60,500

      Residential Lot Near Lake Memphremagog

      0.34-acre building lot with lake access and town amenities.
      Clover Lane, Newport City, VT 05855
      View Details
    • $1,500,000

      Permitted Development Project in Newport

      19 build-ready lots with utilities in Newport, Vermont.
      0 Stonewall Street, Newport City, VT 05855
      View Details
    • $2,500,000

      Lakefront Estate with Commercial Potential

      7.2-acre lakefront property suitable for residential or commercial uses.
      57A Farrants Point, Newport City, VT 05855
      View Details
    • $1,500,000

      Permitted Development Land in Newport

      19 build-ready lots with utilities in Newport City, Vermont.
      0 Stonewall Street, Newport City, VT 05855
      View Details
    • $78,500

      Newport City Land with Views

      3.11 acre lot with lake and mountain views.
      0 Logan Drive, Newport City, VT 05855
      View Details
    • $75,000

      Newport City Wooded Building Lot

      Wooded lot near downtown Newport with lake access.
      TBD Cherry Lane Extension, Newport City, VT 05855
      View Details

    FAQs

    What type of property is this?
    Land - Residential land for sale near Lake Memphremagog.
    Where is this land located?
    The property is located at 00 Pine Street Extension Newport City, VT.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Closest lots to Lake Memphremagog within Pine Bluff Estates.; Enjoy access to 1200 feet of private sandy beach on Lake Memphremagog via Pine Bluff Beach Association membership.; Includes power, city water, and sewer hookups at each building site.
    (802) 334-7277
    We can help!
    Listing Contact
    Rosemary Lalime
    Learn More
    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.
    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
    00 Pine Street Extension, Newport City, VT 05855
    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!