Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Mixed-Use Building in Vermont Title is generated by Realmo AI

    39-41 The Square, Rockingham, VT 05101

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $599,000

    Mixed-use building in thriving downtown area with investment potential.

    Property size:
    22,420 SF
    Price / SF:
    $26/SF
    Added:
    Oct 14, 2024
    Days on Market:
    587
    Last Refresh:
    May 13 at 8:47 pm

    Property Features for 39-41 The Square

    General Information

    Standard status
    Active
    Size
    22,420 SF
    Property subtype
    Other

    Building Details

    Year Built
    1875

    We can help!

    Listing Contact
    Robert Inman

    Listing agent Robert Inman

    Listing office RE/MAX Town & Country

    Listing date Oct 14, 2024

    Source Xome

    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 RE/MAX Town & Country

    HighLights

    • Prime location in the heart of downtown Bellows Falls, VT, near restaurants, shops, and the Opera House.
    • Large building with 22,420 sq ft suitable for business or investment.
    • Mix of professional office space (2nd & 3rd floors) and retail space (ground floor).
    • Elevator access to upper floors and a unique 3rd‑floor bridge with access to free parking.
    • Central air cooling and 3 heating units.
    • Historic building (built in 1875) in a walkable downtown area.

    Overview

    Located in the heart of central square, this historic building is an anchor of downtown Bellows Falls, Vermont. The village of Bellows Falls, within the town of Rockingham, features a walkable and thriving downtown area overlooking the Connecticut River and Fall Mountain in New Hampshire. The 22,420 square foot building houses professional offices on the second and third floors, with mostly retail space on the ground floor. The upper floors are accessible by an elevator and a third-floor bridge connected to an upper town street with free parking. The property is situated within yards of restaurants, shops, and the Bellows Falls Opera House, making it suitable for business use or investment with growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Rockingham
    County
    Windham
    State
    Vermont
    Longitude
    -72.5005
    Latitude
    43.1826

    Nearby Similar for Sale

    • $150,000

      Rockingham Marina Business Opportunity

      Marina business for sale in Rockingham, Vermont.
      225 Missing Link Road, Rockingham, VT 05101
      View Details
    • $2,900,000
      34,419 SF

      Renovated Multi-Family Investment Opportunity

      140-acre campus with residential, commercial, and development potential.
      14-15-17-21-25- Westminster Street, Rockingham, VT 05154
      View Details
    • $599,000

      Historic Building in Downtown Bellows Falls

      Anchoring downtown Rockingham, VT, with retail and office spaces.
      39-41 The Square, Rockingham, VT 05101
      View Details
    • $2,900,000

      Renovated Mixed-Use Campus For Sale

      140-acre campus with residential and commercial spaces in Rockingham.
      14-15-17-21-25 Westminster Street, Rockingham, VT 05154
      View Details
    • $199,000

      Rockingham Commercial Space For Sale

      Commercial space with high visibility and ample parking.
      130 Rockingham Street, Rockingham, VT 05101
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building in thriving downtown area with investment potential.
    Where is this mixed-use property located?
    The property is located at 39-41 The Square Rockingham, VT.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Prime location in the heart of downtown Bellows Falls, VT, near restaurants, shops, and the Opera House.; Large building with 22,420 sq ft suitable for business or investment.; Mix of professional office space (2nd & 3rd floors) and retail space (ground floor).
    We can help!
    Listing Contact
    Robert Inman
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    39-41 The Square, Rockingham, VT 05101
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!