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    Green Mountain Resort Opportunity Title is generated by Realmo AI

    507 Benson Road, Manchester, VT 05255

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    Claim this Listing
    For Sale
    $4,975,000

    Commercial For Sale - Manchester, VT

    Lot size:
    53.00 Acres
    Added:
    Aug 28, 2024
    Days on Market:
    646
    Last Refresh:
    Jun 4 at 3:06 pm

    Property Features for 507 Benson Road

    General Information

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

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    35879.99

    Utilities

    Heating system
    Baseboard, Oil, Radiant
    Cooling system
    Central Air

    Building Details

    Year built
    1890
    Number of units
    3
    Roof type
    Metal, Shingle, Slate
    Architectural style
    Other

    We can help!

    Listing Contact
    T Story Jenks

    Listing agent T Story Jenks

    Listing office LandVest, Inc/Woodstock 4 The Green, Burlington, VT

    Listing date Aug 28, 2024

    MLS# 5011616 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

    • Shovel‑ready development opportunity with all town zoning and Vermont State Act 250 permits in place for a 46‑cabin retreat.
    • 53+ acres surrounded by Green Mountain National Forest and Lye Brook Wilderness, ensuring complete privacy.
    • Breathtaking views of Mt. Equinox and the Taconic Range.
    • Existing infrastructure and project components already in place.
    • Includes a renovated C.1790 farmhouse and C.1820 barn.
    • Located just 2 miles from the center of Manchester.

    Overview

    This 53+ acre property, Green Mountain Resort at Boorn Brook Farm, is a shovel-ready, four-season retreat development opportunity. All town zoning and Vermont State Act 250 permits are in place, along with all other required environmental and state approvals, for developing a 46-cabin resort. The property is located in Manchester Center, within the Rural Agricultural zoning district, with a portion in the Forest Conservation zoning district. It offers views of Mt. Equinox and the Taconic Range and is situated at the end of Benson Road, just 2 miles from the center of Manchester. Bordered to the north by Bourn Brook, the property is surrounded on the east, south, and west by the Green Mountain National Forest and Lye Brook Wilderness. Included in the sale are a C.1790 farmhouse and C.1820 barn, which have been extensively renovated, a trout pond, meadows, woodlands threaded with trails, and a tennis/pickle ball court. A significant amount of the required infrastructure and project components are already in place. Envisioned as an eco-friendly, experiential retreat, the project aims to provide guests with an opportunity to connect with nature and the community through immersive and educational experiences. Green Mountain Resort at Boorn Brook Farm is also perfect for hosting weddings, corporate retreats, cultural events, and business conferences.
    Property Profile Location Intelligence

    Current Use by Public Records

    Resorts

    Map

    City
    Manchester
    County
    Bennington
    State
    Vermont
    Longitude
    -73.038022
    Latitude
    43.163095

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    FAQs

    What type of property is this?
    Resort - Shovel-ready 53+ acre resort property near Green Mountain National Forest.
    Where is this resort located?
    The property is located at 507 Benson Road Manchester, VT.
    What is the asking price?
    The asking price for this property is $4,975,000.
    What are key features of this property?
    This property features: Shovel‑ready development opportunity with all town zoning and Vermont State Act 250 permits in place for a 46‑cabin retreat.; 53+ acres surrounded by Green Mountain National Forest and Lye Brook Wilderness, ensuring complete privacy.; Breathtaking views of Mt. Equinox and the Taconic Range.
    (802) 238-1332
    We can help!
    Listing Contact
    T Story Jenks
    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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