Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28 Upper Howes Way Wilmington, VT 05363

    View on Map
    Sponsored
    For Sale
    Contact for pricing

    Land - Wilmington, VT

    Lot size:
    0.60 Acres
    Days on Market:
    229
    Last Refresh:
    Mar 7 at 1:06 am

    Property Features for 28 Upper Howes Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Expense value
    1073.0400390625
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sigrid Pickering

    Chimney Hill Real Estate (802) 464-3239

    Listing agent Sigrid Pickering (802) 464-3239

    Listing date Jul 22, 2025

    MLS# 5008125 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

    Overview

    Land Ready For Dream Home

    This 0.6-acre land is located in Wilmington, VT, and is zoned R1. It is intended for building a dream home, with the buyer assuming responsibility for pursuing a septic plan and permit, and all costs associated with permitting and building. Lots 25 & 26 are also available and can be combined for a double or triple lot. Residents can enjoy the wellness VT lifestyle and all the 1,200-acre resort with an exclusive member-only clubhouse located at 200' with fitness, year-round swimming, arcade, fully equipped kitchen for member use, après ski lounge, hot tub indoor and outdoor heated pools, pickleball, tennis, playground, trails, snowmobiling and more! Southern Vermont offers year-round skiing and shredding at the world-class Vail Mt Snow Resort, or private Hermitage Club, both within a few minutes' drive, boating on Lake Whitingham or Raponda, hiking the Valley Trail or Green Mt National Forest, biking on the Southern VT Trail Assoc system, numerous concerts, festivals, flea markets, events, yoga, music, theater, fine dining, shopping, arts and craft tours, artisanal cheese, farmers markets, breweries, wineries, distilleries, chocolatiers, bakeries, equestrian events, kayaking, tubing, paddle boarding, and so much more!
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Wilmington
    County
    Windham
    State
    Vermont
    Longitude
    -72.8981
    Latitude
    42.883

    Nearby Similar for Sale

    • $749,000
      38.40 Acres

      Historic Sitzmark Venue with Acreage

      Restaurant, indoor/outdoor bars, tennis, pool, disc golf on 38.4 acres.
      54 East Dover Rd, Wilmington, VT 05363
      View Details
    • $459,000
      0.06 Acres

      Downtown Wilmington Commercial Building Opportunity

      Commercial building with restaurant space and income-producing apartment in Wilmington.
      33 West Main St, Wilmington, VT 05363
      View Details
    • $859,800
      0.75 Acres

      Turnkey Entertainment Destination on Route 100

      Established entertainment destination with bowling, mini golf, restaurant, and living quarters.
      179 Rte 100 North, Wilmington, VT 05363
      View Details
    • $650,000
      2,242 SF

      Wilmington Retail & Barn Property

      Downtown Wilmington, VT - Prime Retail Opportunity
      16 Main St, Wilmington, VT 05363
      View Details
    • $499,000
      4,270 SF

      Wilmington Restaurant & Storage

      Prime Route 9 location, established business.
      129 Vt Route 9, Wilmington, VT 05363
      View Details
    • $958,000
      10,924 SF

      Historic Vermont Resort Opportunity

      Mountain resort with 36 acres, huge potential.
      54 Dover Rd, Wilmington, VT 05363
      View Details
    • $1,499,900
      5,340 SF

      Historic Wilmington Village Gem

      Iconic Restaurant, Fully Equipped, 5,340 sq ft
      4 Main St, Wilmington, VT 05363
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale to build your dream home.
    Where is this land located?
    The property is located at 28 Upper Howes Way Wilmington, VT.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: - Opportunity to build a custom dream home in Section A.; - Exclusive access to a 1,200-acre resort with a member-only clubhouse.; - Clubhouse amenities include a fitness center, year-round swimming, arcade, kitchen, après ski lounge, hot tub, indoor/outdoor pools, pickleball, tennis, and playground.
    (802) 464-3239
    Request Owner's contact information
    28 Upper Howes Way Wilmington, VT 05363
    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.
    28 Upper Howes Way
    Wilmington, VT 05363
    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
    28 Upper Howes Way Wilmington, VT 05363
    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

    We can help!
    Listing Contact
    Sigrid Pickering
    (802) 464-3239 (978) 317-6609
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!