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    1868 Rt-16 Hardwick, VT 05843

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    Claim this Listing
    For Sale
    $825,000

    Commercial For Sale - Hardwick, VT

    Lot size:
    8.00 Acres
    Added:
    Jul 26, 2025
    Days on Market:
    270
    Last Refresh:
    Apr 21 at 6:06 pm

    Property Features for 1868 Rt-16

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    HMU
    Standard status
    Active
    Lot size
    8.00 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7985

    Utilities

    Heating system
    Baseboard, Heat Pump (Heating), Hot Water (Heating), Oil
    Cooling system
    Multi Units, Zoned

    Building Details

    Year built
    1994
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Chip Tremper

    Listing agent Chip Tremper

    Listing office Preferred Properties 149 Knight Lane, Williston, VT

    Listing date Jul 26, 2025

    MLS# 5053585 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.

    Overview

    Versatile Commercial Shop/Office on 8 Acres

    This commercial property in East Hardwick, VT, features a 5400 sq. ft. shop and office space on 8 acres. The shop includes 14-foot doors suitable for heavy-duty trucks and equipment, along with a separate secured delivery bay with an 8-foot overhead door. There is 1000 sq. ft. of air-conditioned office space, including a front office/customer lounge, owner's office, and back office. The property benefits from exceptional visibility and road frontage, with a large parking area surrounding the building and two additional upper-level parking areas in the back. It is equipped with 3-phase power, cable, and fiber internet access at the road. The property is being sold with a variety of tools and equipment, including a 9k lb. twin post lift, a 14k lb. 4 post drive-on lift, tire equipment, a compressor, a low-hour waste oil furnace, hand tools, and other shop equipment. This presents an excellent opportunity for an automotive dealership, powersports business, heavy equipment maintenance, excavation company, or any industrial use.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Food Market Daycare Center Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Hardwick
    County
    Caledonia
    State
    Vermont
    Longitude
    -72.3604
    Latitude
    44.5213

    Nearby Similar for Sale

    • $59,500

      Mixed-Use Building in Hardwick, VT

      Versatile mixed-use building with workshop/warehouse space and flexible layout.
      122 Mill Street, Hardwick, VT 05843
      View Details
    • $295,000

      Established Restaurant and Bar

      Turn-key restaurant and bar with loyal customer base.
      41 South Main Street, Hardwick, VT 05843
      View Details
    • $825,000
      5,400 SF

      Commercial Shop/Office on 8 Acres

      5400 Sq. Ft. shop/office on 8 acres.
      1868 Vt Rte 16, East Hardwick, VT
      View Details
    • $1,600,000
      25,920 SF

      Retail Space with Highway Access

      25,920 SF retail space on 5.24 acres.
      82 Vermont 15, Hardwick, VT
      View Details

    FAQs

    What type of property is this?
    Flex space - 5400 Sq. Ft. shop/office on 8 acres in Hardwick.
    Where is this flex space located?
    The property is located at 1868 Rt-16 Hardwick, VT.
    What is the asking price?
    The asking price for this property is $825,000.
    What are key features of this property?
    This property features: 5400 Sq. Ft. commercial shop/office on 8 acres with exceptional visibility & road frontage.; Large shop with 14’ doors for heavy duty trucks & equipment and separate secured delivery bay.; Includes 1000 Sq. Ft. of air‑conditioned office space.
    (802) 233-5589
    We can help!
    Listing Contact
    Chip Tremper
    Learn More
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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
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