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    1778 Vt Route 105 Newport Center, VT 05857

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    For Lease
    Contact for pricing

    Commercial For Lease - Newport Town, VT

    Lot size:
    6.00 Acres
    Days on Market:
    135
    Last Refresh:
    Feb 8 at 6:06 pm

    Property Features for 1778 Vt Route 105

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Newport Town
    Lot size
    6.00 Acres

    Utilities

    Heating system
    Electric (Heating), Natural Gas

    Building Details

    Year built
    1990
    Number of units
    1
    Roof type
    Asphalt, Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Dexter Degre

    Jim Campbell Real Estate (802) 334-3400

    Listing agent Dexter Degre (802) 334-3400

    Listing date Sep 27, 2025

    MLS# 5016780 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.

    Learn more

    Property Insight Report

    Overview

    Newport Mixed-Use Commercial Building

    This highly visible commercial mixed-use standalone building, located in Newport Town, VT, is available for lease. The 3,926 SF building features two large, open areas. The industrial portion provides 1,829 SF of shop space, high ceilings, and two drive-in doors measuring 13'9" wide by 9'8" high. The retail portion offers 2,097 SF of space, including a couple of small break or office areas, a 1/2 bath, and an additional sink in the break area. The property includes ample parking. Ideal for many uses, this property sits on a 6-acre lot. Additional outbuildings or storage areas may be available for lease. The lease type is modified gross (MG), with the tenant responsible for heat, electric, trash, and any additional utilities they wish to contract. The landlord covers real estate taxes, insurance, and yard care, including plowing and mowing. A long-term lease is preferred for a well-qualified tenant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Bar & Pub Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store Florist

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport Center
    County
    Orleans
    State
    Vermont
    Longitude
    -72.289604
    Latitude
    44.932345

    FAQs

    What type of property is this?
    Mixed-use property - Highly visible 3,926 SF mixed-use building in Newport Town, VT
    Where is this mixed-use property located?
    The property is located at 1778 Vt Route 105 Newport Center, VT.
    What are key features of this property?
    This property features: - Highly visible standalone commercial mixed-use building.; - Large open areas: **1,829 SF shop space with 2 drive-in doors** and 2,097 SF retail space.; - **Two drive-in doors (13'9"w X 9'8"h) and high ceilings in shop space.**
    (303) 854-7083
    Request Owner's contact information
    1778 Vt Route 105 Newport Center, VT 05857
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    Newport Center, VT 05857
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    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
    1778 Vt Route 105 Newport Center, VT 05857
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    We can help!
    Listing Contact
    Dexter Degre
    (303) 854-7083
    Learn more
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