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    1 Gero Ct Essex Junction, VT 05452

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    For Sale
    $1,950,000

    23,000 SF industrial building with single tenant through 2034.

    Property size:
    23,000 SF
    Lot size:
    3.54 Acres

    Property Features for 1 Gero Ct

    General Information

    Size
    23,000 SF
    Lot size
    3.54 Acres

    Source: Donahue & Associates Agent Steve Donahue

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Property with Long-Term Tenant

    This 23,000 square foot industrial building is located in a highly visible location facing Route 15, with approximately 13,000 cars passing per day. The property abuts a shopping center anchored by businesses such as Lowes, Starbucks, T-Mobile, Edward Jones, and M&T Bank. The property is occupied by TOMRA NY Recycling LLC, a subsidiary of TOMRA North America, with a lease term extending through the end of 2034, presenting a single NNN tenant investment opportunity. Situated on 3.5 acres of land, the property includes 6 loading docks, a drive-through bay, and a large fenced-in paved yard area suitable for outdoor storage. Zoned Industrial 1, the property and land offer future potential for redevelopment into alternative uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    Iron Mountain, Fort Ethan Allen Mini Storage, Essex Mini Storage, Flammable Storage Building, West Street Rentals - Self Storage

    Location Insight

    • Map
    • Local Demand
    City
    Essex Junction
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.1399394
    Latitude
    44.5046945

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    FAQs

    What type of property is this?
    Warehouse - 23,000 SF industrial building with single tenant through 2034.
    Where is this warehouse located?
    The property is located at 1 Gero Ct Essex Junction, 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: - Long-term NNN lease with TOMRA NY Recycling LLC through 2034.; - Highly visible location on Route 15 with high traffic count and adjacent to a busy shopping center.; - **23,000 square foot building on 3.5 acres with 6 loading docks, a drive-through bay, and a large fenced-in paved yard.**
    (802) 324-0937
    Request Owner's contact information
    1 Gero Ct Essex Junction, VT 05452
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    Realmo Value Estimation

    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.

    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.

    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
    1 Gero Ct Essex Junction, VT 05452
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