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    561 East Main Street Newport City, VT 05855

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    Claim this Listing
    New
    For Sale
    $375,000

    Commercial For Sale - Newport City, VT

    Property size:
    5,613 SF
    Lot size:
    0.54 Acres
    Price / SF:
    $66/SF
    Added:
    Apr 23, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 24 at 5:06 pm

    Property Features for 561 East Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Form 3 Urban Multi-Use
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Size
    5,613 SF
    Lot size
    0.54 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    9875.64

    Utilities

    Heating system
    Heat Pump (Heating), Hot Water (Heating), Oil
    Cooling system
    Zoned

    Building Details

    Year built
    1950
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Dexter Degre

    Listing agent Dexter Degre

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

    Listing date Apr 23, 2026

    MLS# 5085152 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

    Newport City Flex Commercial Building

    This 5,613 SF flex commercial building is available for sale on US-5/East Main St in Newport City. The building includes 3,071 SF of office/retail space and 2,542 SF of finished garage/shop space. The garage interior, approximately 40' x 60', features a 10' x 10' dock door and a 9'4" x 10' drive-in door, 12' ceilings, a bathroom, and is insulated/finished and heated by two Modine oil/hot water heating units. The office/retail space has 8'6" ceilings, multiple exterior access doors, below grade access, two bathrooms, and a sink/kitchenette area. Below grade is an additional 1,110 SF of functional storage space with good ceiling height and accessible mechanicals, including a 275gal oil tank, multi-zone hot water boiler, and sump pump. The property is on public water/sewer and features heavy power with 3-Phase 208V 400AMP service and fiber optic availability. There are five electric meters for optional multi-tenancy. The property is zoned Form 3 Urban Multi-Use and sits on a 0.54-acre lot. The property is currently generating $918/month from a 216 SF long-term leased space with a separate entrance. The current lease term goes through 5/31/29, with optional renewal terms for up to 10 more years. The property is primely located with great visibility and high traffic counts on East Main Street/US-5, capturing Derby Rd traffic as they come into Newport City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places Nearby

    • Dancing Sail Banquet Room — 47 Landing St, Newport, VT 05855
    • Making The CuTX Barbecue — 246 Causeway, Newport, VT 05855

    Map

    City
    Newport City
    County
    Orleans
    State
    Vermont
    Longitude
    -72.2004
    Latitude
    44.9201

    Nearby Similar for Sale

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    • $150,000
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      Newport City Multi-Family Property

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    • $219,900

      Leased Office Space in Newport

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    FAQs

    What type of property is this?
    Flex space - 5,613 SF flex building on busy US-5 for sale.
    Where is this flex space located?
    The property is located at 561 East Main Street Newport City, VT.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 5,613 SF flex commercial building with office/retail and finished garage/shop space.; Prime location on US‑5/East Main St with high visibility and traffic.; Garage features include **12' ceilings, dock & drive‑in doors, insulation, heat, and bathroom.**
    (303) 854-7083
    We can help!
    Listing Contact
    Dexter Degre
    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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