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    Fair Haven Restaurant with Apartments Title is generated by Realmo AI

    33 Main Street, Fair Haven, VT 05743

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    For Sale
    $850,000

    Commercial For Sale - Fair Haven, VT

    Lot size:
    0.13 Acres
    Added:
    Sep 28, 2025
    Days on Market:
    237
    Last Refresh:
    May 22 at 11:06 pm

    Property Features for 33 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Annual Amount
    4892

    Building Details

    Year built
    1894
    Number of units
    4
    Roof type
    Membrane
    Architectural style
    Other

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    Listing Contact
    Hurley Cavacas

    Listing agent Hurley Cavacas

    Listing office New England Lakeside Realty P.O. Box 887, WELLS, VT

    Listing date Sep 28, 2025

    MLS# 5063337 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

    • Thriving, established pizza business (Fair Haven House of Pizza) with loyal customer base, equipment, inventory, and recipes included.
    • Includes a well‑maintained building with three furnished and currently rented apartments providing immediate rental income.
    • Turnkey business opportunity with owners willing to train new operators.
    • Updated building infrastructure including electrical and new furnace.
    • One apartment is rented to traveling nurses, indicating a reliable tenant base.
    • Property includes a basement.

    Overview

    Located in Fair Haven, Vermont, this commercial property features a thriving restaurant and three furnished apartment units. After 42 years, the family has decided to sell Fair Haven House of Pizza and the building it has resided in. The business is thriving but it's time for the owners to retire. The apartments are currently rented, with one unit catering to traveling nurses. The restaurant sale encompasses the established name Fair Haven House of Pizza, all equipment, inventory, and recipes necessary for continued operation. The current owners are willing to provide training and work alongside new owners to ensure a smooth transition. The building has been updated, including electrical and a new furnace, and has undergone regular maintenance. The property is zoned commercial and sits on a 0.13-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fair Haven
    County
    Rutland
    State
    Vermont
    Longitude
    -73.2652983
    Latitude
    43.5867169

    Nearby Similar for Sale

    • $265,000
      3,220 SF

      Five-Unit Multifamily Investment Property

      Well-maintained five-unit property with strong rental performance in Fair Haven.
      9 River Street, Fair Haven, VT 05743
      View Details
    • $254,000

      Fair Haven Renovated Two-Unit Property

      Well-maintained two-unit property with renovated interiors and strong rental income.
      33 River St, Fair Haven, VT 05743
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Profitable restaurant with apartments in Fair Haven, Vermont for sale.
    Where is this conventional restaurant located?
    The property is located at 33 Main Street Fair Haven, VT.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Thriving, established pizza business (Fair Haven House of Pizza) with loyal customer base, equipment, inventory, and recipes included.; Includes a well‑maintained building with three furnished and currently rented apartments providing immediate rental income.; Turnkey business opportunity with owners willing to train new operators.
    (802) 770-9435
    We can help!
    Listing Contact
    Hurley Cavacas
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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.

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