Freestanding Office-Use
For Sale
$1,950,000
1025 Airport Drive, South Burlington, VT 05403
Single-story building with about 20 private offices, multiple restrooms, and shop/storage access via a loading door.
Property Size7,912 SF
Lot Size1.30 Acres
Price / SF$246.46
Days on Market193
Property Features for 1025 Airport Drive
General Information
Standard status
Active
Size
7,912 SF
Total Parking Spaces
38
Lot size
1.30 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
private offices
conference rooms
classrooms
collaborative work areas
kitchenettes
restrooms
shop
storage area
Access to Parking
Access to Restroom(s)
Accessibility Features
No Stairs from Parking
One-Level Business
Paved Parking
Building Details
Year Built
1956
Stories
1
Listing Agency:
Lake Point Properties
Listed By:
Yana Walder · License #0820134333
(802) 999-7411
Source:
Killingtonpicorealty
Added: Apr 19
Changed: Oct 27
Last Checked: Oct 28 at 8:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lake Point Properties
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Investment Insights
Based on property information with market context.
This freestanding single-story commercial building offers a highly adaptable layout originally designed for office use. The interior includes approximately 20 private offices, multiple conference rooms or classrooms, collaborative work areas, several kitchenettes, restrooms, and a dedicated shop and storage area. A 12' x 14' overhead loading door supports practical back-of-house access.
The property sits on a 1.3+/- acre site in a highly accessible business corridor. It features 38 onsite parking spaces, two curb cuts, and convenient circulation with municipal water and sewer. The location places the building directly across from Patrick Leahy Burlington International Airport and just minutes from Interstate 89, with access to Williston Road and Kennedy Drive.
With office and education-ready improvements throughout, the building can also support a range of flexible commercial uses, subject to municipal approvals for any redevelopment.
The property sits on a 1.3+/- acre site in a highly accessible business corridor. It features 38 onsite parking spaces, two curb cuts, and convenient circulation with municipal water and sewer. The location places the building directly across from Patrick Leahy Burlington International Airport and just minutes from Interstate 89, with access to Williston Road and Kennedy Drive.
With office and education-ready improvements throughout, the building can also support a range of flexible commercial uses, subject to municipal approvals for any redevelopment.
Key Highlights
- 7,912+/- SF single‑story freestanding commercial building on 1.3+/- acres
- Approximately 20 private offices plus 6 conference rooms or classrooms and collaborative work areas
- Includes multiple kitchenettes, several restrooms, and a shop/storage area with a 12' x 14' overhead loading door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$111,084
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,221,680
$2.2M
Cap Rate 7%
$1,586,914
$1.6M
Cap Rate 9%
$1,234,267
$1.2M
Market Conditions
NOI Build-Up for 7,912 SF
Gross rent
$189.9K $24.00/SF
− Vacancy
−$41.8K −$5.28/SF
EGI
$148.1K $18.72/SF
− OpEx
−$37.0K −$4.68/SF
NOI
$111.1K $14.04/SF
Area
Chittenden County, VT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,221,680
Cap Rate 7%
$1,586,914
Cap Rate 9%
$1,234,267
Alternative Uses
Best Use
Office B
$1.59M
$1.39M – $1.85M
NOI $111,084 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,910 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
Explore this area
Business Placement
Demographics for 05403, VT
20,166
Population
9,565
Households
2.1
Avg Household Size
41
Median Age
65%
College-Educated
98%
High-School Grad
16.4 sq mi
ZIP Area
1,230
Density / Sq Mi
$97,041
Median Household Income
$54,362
Median Earnings
$1,755
Median Rent
$399,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Single-story building with about 20 private offices, multiple restrooms, and shop/storage access via a loading door.
Where is this office building located?
The property is located at 1025 Airport Drive South Burlington, VT.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 7,912+/- SF single‑story freestanding commercial building on 1.3+/- acres; Approximately 20 private offices plus 6 conference rooms or classrooms and collaborative work areas; Includes multiple kitchenettes, several restrooms, and a shop/storage area with a 12' x 14' overhead loading door
