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    394 VT Route 15 Jericho, VT 05465

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    Claim this Listing
    New
    For Sale
    $399,000

    Multi-Family - Jericho, VT

    Property size:
    2,820 SF
    Lot size:
    0.34 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 18 at 3:06 pm

    Property Features for 394 VT Route 15

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Mixed Use
    Bedrooms
    1
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1
    Basement Y/N
    1
    Standard status
    Active
    Size
    2,820 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    7653.48

    Utilities

    Heating system
    Baseboard, Forced Air
    Cooling system
    Multi Units

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Hardwood, Laminate, Tile
    Roof type
    Metal, Slate
    Architectural style
    Other

    We can help!

    Listing Contact
    idENTITY real estate group

    Listing agent idENTITY real estate group

    Listing office KW Vermont 68 Randall St., South Burlington, VT

    Listing date Apr 17, 2026

    MLS# 5084208 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.

    Overview

    Jericho Mixed-Use Landmark Awaits

    Located at 394 VT Route 15 in Jericho, this mixed-use property offers a unique opportunity. Originally built in the 1920s as a church, the property features architectural details such as soaring cathedral ceilings, original stained glass, and a classic bell tower. The property includes two buildings with a total space of 4,401 square feet, of which 2,820 square feet is finished. The secondary building is suitable for guest accommodations, an artist’s studio, or a professional co-working space. Situated on 0.34 level acres, the property has high-visibility frontage on Route 15 in the heart of Jericho. Additional features include hardwood flooring, slate roofing, and off-street parking for 6+ vehicles. The property is located in Chittenden County, with zoning for mixed-use. It offers potential for various business uses, including an event venue or a storefront.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Restaurant Law Firm Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Hotel & Motel Kitchen & Bath Showroom Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jericho
    County
    Chittenden
    State
    Vermont
    Longitude
    -72.945123
    Latitude
    44.5245277

    Nearby Similar for Sale

    • $399,000

      Iconic Jericho Mixed-Use Landmark

      High-visibility commercial property with mixed-use zoning in Jericho, Vermont.
      394 VT Route 15, Jericho, VT 05465
      View Details
    • $475,000

      Established Restaurant Property For Sale

      Long-standing local iconic restaurant property on 1.23 acres.
      47 VT-15, Jericho, VT
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Historic 1920s property with limitless modern potential.
    Where is this mixed-use property located?
    The property is located at 394 VT Route 15 Jericho, VT.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Unique historic 1920s church conversion opportunity with original architectural details like stained glass, bell tower, and cathedral ceilings.; Versatile mixed‑use potential: explore residence, event venue, studio, storefront, or co‑working space.; Prime Jericho location: high‑visibility frontage on Route 15 on 0.34 acres.
    (802) 999-8410
    We can help!
    Listing Contact
    idENTITY real estate group
    Learn More
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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.

    More about this property
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