Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Diverse Land Parcel in Derby Title is generated by Realmo AI

    2103 Herrick Road, Derby, VT 05829

    View on Map
    Claim this Listing
    For Sale
    $250,000

    Land - Derby, VT

    Lot size:
    7.00 Acres
    Added:
    Nov 1, 2025
    Days on Market:
    210
    Last Refresh:
    May 29 at 11:06 pm

    Property Features for 2103 Herrick Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Town
    Standard status
    Active
    Lot size
    7.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sharon Faust

    Listing agent Sharon Faust

    Listing office Big Bear Real Estate 4356 VT Rte 100., Troy, VT

    Listing date Nov 1, 2025

    MLS# 5068194 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

    • Sweeping international views of Lake Memphremagog and distant mountain ranges.
    • Approximately 7± acres with new survey, subdivision, and septic design in progress.
    • Perc approval for a conventional septic system, ready for building.
    • More than 800 mature lavender plants and rich soils suitable for agriculture.
    • Cozy, off‑grid dry cabin crafted from locally sourced materials, wired for generator power, offering propane heat.
    • Convenient location: 2 miles from I‑91, 10 minutes to town, close to VAST Trails.

    Overview

    This diverse 7-acre property in Derby, VT, presents opportunities for home builders, homesteaders, agritourism enthusiasts, and boutique farmers. The land is suitable for a custom home with views of Lake Memphremagog and distant mountains, or for a small-scale agricultural enterprise. A new survey, subdivision, and septic design are in progress, and the property has perc approval for a conventional septic system. The soils support meadow grasses and over 800 mature lavender plants. A 50-ft tree circle with eight mature trees provides a shaded retreat. Included are two small structures: a cozy, off-grid dry cabin wired for generator power and offering propane heat, and a second small structure to be positioned for privacy. Located 2 miles from I-91, 10 minutes to town, 2 hours to Burlington, and 90 minutes to Montreal, the property is also close to VAST Trails.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lavender Essentials of Vermont Wedding Service

    Suggested Use

    Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Derby
    County
    Orleans
    State
    Vermont
    Longitude
    -72.0722744
    Latitude
    44.9866501

    Nearby Similar for Sale

    • $1,100,000
      5,710 SF

      Modern Commercial Property in Derby

      New commercial building on a 1.84-acre corner lot.
      304 Commerce Way, Derby, VT 05829
      View Details
    • $374,500

      Versatile Commercial Building on Corner Lot

      4,000+ sq.ft. building on 0.75-acre lot in Derby, VT.
      668 Prouty Drive, Derby, VT 05829
      View Details
    • $900,000

      Retail Opportunity on Community Drive

      Freestanding retail building with open space on busy corridor.
      108 Community Drive, Derby, VT 05855
      View Details
    • $1,200,000
      6,750 SF

      Vermont Multifamily Investment Opportunity

      Fully occupied 7-unit complex on 16+ acres in Vermont.
      1035 US Route 5, Derby, VT 05829
      View Details
    • $79,900

      Residential Land in Desirable Neighborhood

      One-acre building lot with well, power, septic, and driveway.
      72 Salem View Heights, Derby, VT 05289
      View Details
    • $399,000

      Derby Land Near Newport

      Commercial land with high visibility near Newport and Walmart.
      0 US Route 5, Derby, VT 05829
      View Details
    • $890,000

      Derby Land with Lake Views

      36 acres with views, development potential, and road frontage.
      0 Shattuck Hill Road, Derby, VT 05829
      View Details
    • $699,000

      Land - Derby, VT

      - Pne Hl Rd, Derby, VT 05829
      View Details
    • $135,000

      Derby VT Land with Views

      16-acre lot with permits for a 4-bedroom home.
      00 Woods Farm Road, Derby, VT 05829
      View Details
    • $330,000

      33-Acre Parcel in Derby

      33-acre parcel in Derby, VT, ideal for building or investment.
      4334 Hinman Settler Rd, Derby, VT 05829
      View Details
    • $49,900

      Cleared Lot in Derby, VT

      1.02-acre corner lot ready for building near recreation.
      41 Whispering Pines Road, Derby, VT 05829
      View Details

    FAQs

    What type of property is this?
    Land - 7-acre land parcel ideal for home or agriculture.
    Where is this land located?
    The property is located at 2103 Herrick Road Derby, VT.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Sweeping international views of Lake Memphremagog and distant mountain ranges.; Approximately 7± acres with new survey, subdivision, and septic design in progress.; Perc approval for a conventional septic system, ready for building.
    (802) 744-6844
    We can help!
    Listing Contact
    Sharon Faust
    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
    2103 Herrick Road, Derby, VT 05829
    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!