Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    108 Community Drive Derby, VT 05855

    View on Map
    Claim this Listing
    For Sale
    $900,000

    Commercial For Sale - Derby, VT

    Property size:
    6,972 SF
    Lot size:
    1.12 Acres
    Price / SF:
    $129/SF
    Added:
    Jun 5, 2025
    Days on Market:
    332
    Last Refresh:
    May 2 at 7:06 am

    Property Features for 108 Community Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    COM (Derby)
    Standard status
    Active
    Size
    6,972 SF
    Lot size
    1.12 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    12966.41

    Utilities

    Heating system
    Forced Air, Propane (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    2005
    Number of units
    1
    Roof type
    Membrane
    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 Jun 5, 2025

    MLS# 5044801 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

    Retail Opportunity on Community Drive

    Located on the busiest commercial corridor in the Northeast Kingdom region of Vermont, 108 Community Dr in Derby presents a retail opportunity. This freestanding building offers 6,972 square feet of open space. The structure features 12-foot clear height throughout, an 8x10 drive-in/delivery door, and a warm entrance with a wall of retail display windows and a bumped-out façade for signage. The property includes two bathrooms, a deep sink, and water fountains. Constructed with efficient masonry block and a membrane roof, the building is equipped with three LP-powered RTUs for heating and cooling. The property is improved with pylon signage along US-5, paved parking with lights, mature landscaping, and a rear delivery lane with trash enclosure. It has public water and public sewer, along with 3-phase 400 AMP 208V power and a 2,000-gallon UST for propane. The flexible "COM" zoning in the Town of Derby allows for many uses. The property is situated on a 1.12-acre lot. The location is near the Walmart Supercenter and Interstate 91, surrounded by national, regional, and local retailers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    • Central Market Florist — 56 Commons Dr, Newport, VT 05855

    Map

    City
    Derby
    County
    Orleans
    State
    Vermont
    Longitude
    -72.1667216
    Latitude
    44.9497496

    Nearby Similar for Sale

    • $374,500

      Versatile Commercial Building on Corner Lot

      4,000+ sq.ft. building on 0.75-acre lot in Derby, VT.
      668 Prouty Drive, Derby, VT 05829
      View Details
    • $1,200,000
      6,750 SF

      Vermont Multifamily Investment Opportunity

      Fully occupied 7-unit complex on 16+ acres in Vermont.
      1035 US Route 5, Derby, VT 05829
      View Details

    FAQs

    What type of property is this?
    Storefront property - Freestanding retail building with open space on busy corridor.
    Where is this storefront property located?
    The property is located at 108 Community Drive Derby, VT.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: Prime location on the busiest commercial corridor (US‑5) in the Northeast Kingdom, connecting Walmart to Interstate 91.; Modern, freestanding building with 6,972 SF of open retail space.; Flexible "COM" zoning allows for many uses.
    (303) 854-7083
    We can help!
    Listing Contact
    Dexter Degre
    Learn More
    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

    108 Community Drive, Derby, VT 05855

    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!