Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in South Ridge Title is generated by Realmo AI

    376 South Ridge Drive, Middlebury, VT 05753

    View on Map
    Claim this Listing
    For Sale
    $199,000

    Land - Middlebury, VT

    Lot size:
    0.60 Acres
    Added:
    Nov 3, 2025
    Days on Market:
    209
    Last Refresh:
    May 31 at 12:06 pm

    Property Features for 376 South Ridge Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R2
    Standard status
    Active
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2745.36
    Expense value
    350
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Peluso
    Sarah Peluso

    Listing agent Sarah Peluso

    Listing office IPJ Real Estate 34 Main St, Middlebury, VT

    Listing date Nov 3, 2025

    MLS# 5068284 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

    • Only available lot in the South Ridge neighborhood.
    • Build‑ready with town water, town sewer, and roughed‑in driveway.
    • Utilities/services are at the edge of the building envelope.
    • Enjoy easterly and southeasterly views of the Green Mountains.
    • Close proximity to public schools, Trail Around Middlebury, and shopping.
    • Low HOA fees of $350/year.

    Overview

    This 0.6-acre lot is located in the South Ridge neighborhood and is ready for construction. Town water and sewer services are available, and utilities are located at the edge of the building envelope. The driveway has been roughed in. The property offers easterly and southeasterly views of the Green Mountains. South Ridge is a community of approximately 55 homes featuring mature landscaping, sidewalks, streetlights, and a 7.5-acre public park, Star Pointe Park. The location provides close proximity to public schools, the Trail Around Middlebury, and shopping areas, with easy access to Route 7 for travel to Burlington and Rutland. The annual HOA fees are $350. This lot is intended for residential use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Middlebury
    County
    Addison
    State
    Vermont
    Longitude
    -73.1515727
    Latitude
    43.9927225

    Nearby Similar for Sale

    • $570,000

      Middlebury Commercial Opportunity on Highway

      Spacious commercial building with expansion potential in high-traffic location.
      103 Court Street, Middlebury, VT 05753
      View Details
    • $549,000
      1,960 SF

      Versatile Multi-Use Property in Middlebury

      Updated multi-use property with office spaces and apartments.
      2337 VT Route 7, Middlebury, VT 05753
      View Details
    • $549,000

      Versatile Multi-Use Commercial Property

      Updated multi-use property with office spaces and apartments.
      2337 VT Route 7, Middlebury, VT 05753
      View Details
    • $150,000

      Residential Land in Middlebury, VT

      Permitted residential land ideal for multi-unit or single-family development.
      4 Wilmar Road, Middlebury, VT 05740
      View Details
    • $150,000

      Permitted Land in Middlebury, VT

      Shovel-ready parcel permitted for residential development in Middlebury, VT.
      2 Wilmar Street, Middlebury, VT 05740
      View Details
    • $149,000

      Middlebury Building Lot Opportunity

      4.5 acre building lot with wastewater permit for 3-bedroom home.
      8 Fred Johnson Circle, Middlebury, VT 05753
      View Details
    • $154,000

      Middlebury Building Lot Opportunity

      4+/- acre building lot in Middlebury's Forest Ridge neighborhood.
      6 Fred Johnson Circle, Middlebury, VT 05753
      View Details
    • $895,000
      6,000 SF

      Middlebury Restaurant/Retail Opportunity

      Route 7 South location suitable for restaurant or retail.
      610 Rte 7 S, Middlebury, VT
      View Details
    • $185,000

      Middlebury Building Lot with Permit

      3.54 acre Middlebury building lot with wastewater permit.
      20 Forest Ridge Drive, Middlebury, VT 05753
      View Details
    • $1,800,000
      51,600 SF

      Middlebury Industrial Building For Sale

      51,600 SF industrial building with office and warehouse space.
      38 Pond Ln, Middlebury, VT
      View Details
    • $9,650,000
      68,211 SF

      Historic Mixed-Use Building in Middlebury

      Landmark building with commercial space and renovated apartments in Middlebury.
      10 Merchants Row, Middlebury, VT
      View Details
    • $220,000

      Land in Middlebury, Vermont

      9.8 acre lot with easy access to amenities.
      TBD Route 7 S, Middlebury, VT 05753
      View Details

    FAQs

    What type of property is this?
    Land - Build-ready lot with mountain views in established neighborhood.
    Where is this land located?
    The property is located at 376 South Ridge Drive Middlebury, VT.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Only available lot in the South Ridge neighborhood.; Build‑ready with town water, town sewer, and roughed‑in driveway.; Utilities/services are at the edge of the building envelope.
    8023884242x202
    We can help!
    Listing Contact
    Sarah Peluso
    Sarah Peluso
    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
    376 South Ridge Drive, Middlebury, VT 05753
    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!