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    Sloping Recreation Land Parcel Title is generated by Realmo AI

    114 Derby Gore Road, Morgan, VT 05853

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    Claim this Listing
    For Sale
    $35,000

    LAND - Morgan, VT

    Lot size:
    2.00 Acres
    Added:
    Feb 26, 2025
    Days on Market:
    463
    Last Refresh:
    Jun 4 at 6:06 am

    Property Features for 114 Derby Gore Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    IR (Town of Morgan)
    Standard status
    Active
    Lot size
    2.00 Acres

    Utilities

    Water source
    Well Needed

    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 Feb 26, 2025

    MLS# 5030350 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.

    HighLights

    • 2.0‑acre sloping vacant lot with multiple clearings and mature trees on Derby Gore Rd
    • Portion is in the Town of Morgan and a portion is in the Town of Derby (2 acres of the referenced Property ID and SPAN)
    • No existing survey; boundary lines are approximate and buyer should verify all information
    • No deeded water rights transfer; buyer will need permits and a water source (most likely a drilled well) and wastewater approvals
    • Power and septic may exist but may or may not work—buyer to verify
    • Tenant’s personal property (including mobile homes) is on the lot; buyer assumes responsibility for removing it (as‑is/where‑is)

    Overview

    This offering is a 2-acre vacant land parcel with a sloping topography. The property includes multiple clearings and mature trees. Any belongings currently on the lot, including mobile homes, are owned by the tenant across the street, and the buyer will be responsible for removing the tenant’s personal property. The sale is conducted as-is, where-is, and there is no existing survey, so boundary lines are approximate. The buyer should independently verify all information provided.

    The land is located on Derby Gore Road in Morgan, Vermont, with most of the parcel in the Town of Morgan and a portion in the Town of Derby. It is close to Lake Salem and Seymour Lake recreation areas, with nearby access to VASA (ATV) trails via Dumas Rd and Fontaine Rd. Deeded water rights will not transfer to a new owner.

    Because deeded water rights do not transfer, any future development will require obtaining the necessary permits for the intended use, including wastewater and a water source, which is most likely a drilled well. Power and septic may already be present, but their condition and functionality are uncertain and must be verified by the buyer before any use or development planning.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morgan
    County
    Orleans
    State
    Vermont
    Longitude
    -72.07647282
    Latitude
    44.92008216

    FAQs

    What type of property is this?
    Recreation land - A 2-acre vacant parcel with multiple clearings and mature trees, suited for buyers willing to handle on-site personal property removal.
    Where is this recreation land located?
    The property is located at 114 Derby Gore Road Morgan, VT.
    What is the asking price?
    The asking price for this property is $35,000.
    What are key features of this property?
    This property features: 2.0‑acre sloping vacant lot with multiple clearings and mature trees on Derby Gore Rd; Portion is in the Town of Morgan and a portion is in the Town of Derby (2 acres of the referenced Property ID and SPAN); No existing survey; boundary lines are approximate and buyer should verify all information
    (802) 334-3400
    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.

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