Historic Flex Office
110 W Canal St, Winooski, VT 05404
For Sale
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Historic flex/office building with large windows, high ceilings, and ample parking along the Winooski River.
Property Size30,880 SF
Price / SF$188.63
Days on Market373
Property Features for 110 W Canal St
General Information
Standard status
Size
Property subtype
Listing Agency:
Nedde Real Estate
(802) 651-6888
Listed By:
Fernando Cresta · License #0820099083
(802) 343-1305
Source:
Moodyscre
Added: Oct 30, 2025
Changed: Oct 25
Last Checked: Nov 6 at 10:08AM
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 Nedde Real Estate
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Investment Insights
Based on property information with market context.
This historic flex/office building offers adaptable interior layouts and a design featuring large windows, hand-hewn beams, and high ceilings. Originally constructed as a mill, the short-width configuration is marketed as supporting abundant natural light and an open, airy feel. The property is also noted as ADA compliant.
Located along the Winooski River, the building provides river views and ample parking. It is described as positioned just minutes from I-89, with convenient access to downtown Winooski and the Burlington metro area.
With its mill-era character and flexible office-ready configuration, the building is suited to tenants seeking a distinctive workspace within a flex/office format.
Located along the Winooski River, the building provides river views and ample parking. It is described as positioned just minutes from I-89, with convenient access to downtown Winooski and the Burlington metro area.
With its mill-era character and flexible office-ready configuration, the building is suited to tenants seeking a distinctive workspace within a flex/office format.
Key Highlights
- 30,880 SF historic flex/office building with flexible interior layouts
- Originally constructed as a mill, featuring hand‑hewn beams, high ceilings, and large windows
- Short building width designed for lots of natural light and visitor‑facing impressions
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$494,985
Cap Rate
8.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,899,700
$9.9M
Cap Rate 7%
$7,071,214
$7.1M
Cap Rate 9%
$5,499,833
$5.5M
Market Conditions
NOI Build-Up for 30,880 SF
Gross rent
$770.8K $24.96/SF
− Vacancy
−$9.2K −$0.30/SF
EGI
$761.5K $24.66/SF
− OpEx
−$266.5K −$8.63/SF
NOI
$495.0K $16.03/SF
Area
Chittenden County, VT
Vacancy
1.20%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,899,700
Cap Rate 7%
$7,071,214
Cap Rate 9%
$5,499,833
Alternative Uses
Best Use
Flex RnD
$7.07M
$6.19M – $8.25M
NOI $494,985 @ 7.0% cap · market cap 8.50%
Second Best
Office B
$6.19M
$5.42M – $7.23M
NOI $433,555 @ 7.0% cap · market cap 7.44%
Theoretical Best
Office A
$8.47M
$7.41M – $9.88M
NOI $592,896 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
811
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 05404, VT
7,981
Population
3,952
Households
2
Avg Household Size
34
Median Age
56%
College-Educated
92%
High-School Grad
1.4 sq mi
ZIP Area
5,701
Density / Sq Mi
$77,020
Median Household Income
$42,254
Median Earnings
$1,635
Median Rent
$350,700
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - Historic flex/office building with large windows, high ceilings, and ample parking along the Winooski River.
Where is this flex space located?
The property is located at 110 W Canal St Winooski, VT.
What is the asking price?
The asking price for this property is $5,825,000.
What are key features of this property?
This property features: 30,880 SF historic flex/office building with flexible interior layouts; Originally constructed as a mill, featuring hand‑hewn beams, high ceilings, and large windows; Short building width designed for lots of natural light and visitor‑facing impressions
