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    Ground-Level Retail Unit with High Ceilings Title is generated by Realmo AI

    378 Railroad Street, St Johnsbury, VT 05819

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    COMMERCIAL - St. Johnsbury, VT

    Property size:
    1,650 SF
    Lot size:
    0.19 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for 378 Railroad Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Mixed-Use (St. J)
    Rooms
    Basement
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Lot size
    0.19 Acres

    Utilities

    Heating system
    Forced Air, Oil
    Water source
    Public

    Building Details

    Year built
    1880

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    Listing Contact
    Dexter Degre

    Listing agent Dexter Degre

    Listing office Jim Campbell Real Estate 601 East Main Street, Newport, VT

    Listing date Jun 5, 2026

    MLS# 5093021

    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

    • 1,650+ SF ground‑level retail space on Railroad St with abundant natural light and amazing window frontage
    • High 12'9" ceilings and mostly wide‑open layout, most recently used as a restaurant
    • Includes a bathroom in the rear, mop sink, and grease trap
    • Plumbing connections throughout plus countertop in place; good‑sized mezzanine (not included in advertised SF)
    • Fully sprinklered space with new dedicated hot water heater, new dedicated forced hot air furnace, and new dedicated oil tank
    • Lease is modified gross: landlord pays property taxes, property insurance, and CAM; tenant pays all utilities, including heat (oil/fuel) and electric

    Overview

    Available for lease, this mostly wide-open ground-level retail unit is designed for showroom-style merchandising with abundant natural light and high 12'9" ceilings. The space includes a bathroom at the rear, countertops in place, a mop sink, and multiple plumbing connections. A grease trap and other restaurant-oriented components are already present, along with a good-sized mezzanine that is not included in the advertised square footage. The unit is fully sprinklered, and the landlord has installed a new dedicated hot water heater, a new dedicated forced hot air furnace, and a new dedicated oil tank, supported by updated electrical with multiple 240V connections and two meters/panels servicing the space.

    Located in St. Johnsbury in a mixed-use zoning setting, the unit offers retail exposure and window frontage along Railroad Street. The lease is a modified gross structure, with the landlord responsible for property taxes, property insurance, and CAM expenses, while the tenant is responsible for utilities including heat (oil/fuel), electricity, water/sewer, telecommunications, refuse, and any additional contracted services.

    This configuration can suit a variety of retail or office uses, supported by the existing interior layout and base mechanical/electrical updates. The landlord prefers a long-term lease of 5 years or more with well-qualified tenants and excellent references or business history. The seller is open to other use concepts, and interested parties are encouraged to inquire.
    Property Profile Location Intelligence

    Current Use by Public Records

    Polymer Services Laboratory American United Auto ... Trucking Company Kitchen Counter Cafe Restaurant Wandering Vine Restaurant Cantina Di Gerardo Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    St Johnsbury
    County
    Caledonia
    State
    Vermont
    Longitude
    -72.015495
    Latitude
    44.418108

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    FAQs

    What type of property is this?
    Retail space - Mostly open ground-floor retail space with strong window frontage, 12'9" ceilings, and existing restaurant-style plumbing connections.
    Where is this retail space located?
    The property is located at 378 Railroad Street St Johnsbury, VT.
    What are key features of this property?
    This property features: 1,650+ SF ground‑level retail space on Railroad St with abundant natural light and amazing window frontage; High 12'9" ceilings and mostly wide‑open layout, most recently used as a restaurant; Includes a bathroom in the rear, mop sink, and grease trap
    (802) 334-3400
    We can help!
    Listing Contact
    Dexter Degre
    Request Owner's contact information
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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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