Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    261 Mountain View Dr Colchester, VT 05446

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr ($6,187 /Mo)

    4,500 SF office space with views of Lake Champlain.

    Property size:
    4,500 SF
    Lot size:
    5.02 Acres

    Property Features for 261 Mountain View Dr

    General Information

    Size
    4,500 SF
    Lot size
    5.02 Acres

    We can help!

    Listing Contact
    Mike Provost
    Source: Moodyscre

    Listing Agent: Mike Provost

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

    Learn more

    Overview

    Colchester Office Space with Lake View

    This property offers 4,500 square feet of office space located on the fourth floor. The office space provides an excellent view of Lake Champlain.
    Location Intelligence

    Current Use by Public Records

    Albany College of Pharmacy ... College Thingz From Yaad Caterer Bombardier Capital Inc Insurance Agency Bombardier Transit Corporation Financial Consultant Rj Finance Corporation ... Loan Agency

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Colchester
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.1864173
    Latitude
    44.5087691

    Nearby Similar for Lease

    • $12 SF/Yr
      13,402 SF

      Colchester Warehouse Shop Space

      Warehouse shop space with dock and overhead doors in Colchester.
      382 Hercules Dr, Colchester, VT 05446
      View Details
    • $14 SF/Yr
      23,144 SF

      Colchester Flex Building with Docks

      Clean flex building with overhead doors and docks for rent.
      856 Hercules Dr, Colchester, VT 05446
      View Details
    • $1,200 /Mo
      2,194 SF

      Colchester Office Space For Rent

      Second floor office space with lake views and parking.
      97 Blakely Rd, Colchester, VT 05446
      View Details
    • $12 SF/Yr
      2,112 SF

      Retail Space in Domino’s Plaza

      Retail space available in Colchester's Domino's Plaza.
      3424 Roosevelt Hwy, Colchester, VT 05446
      View Details
    • $24 SF/Yr
      6,690 SF

      Colchester Office Space For Rent

      First floor office space with flexible layout near I-89.
      553 Roosevelt Hwy, Colchester, VT 05446
      View Details
    • $9 SF/Yr
      16,707 SF

      784 Hercules Drive Office Space

      Spacious Office Suite, Chittenden County
      784 Hercules Dr, Colchester, VT 05446
      View Details
    • $3,350 /Mo
      3,480 SF

      Colchester Warehouse with Office Space

      Warehouse with office, showroom, and at-grade access available for lease.
      156 Acorn Ln, Colchester, VT 05446
      View Details
    • $14 SF/Yr
      2,000 SF

      Colchester Retail Space For Rent

      End-cap retail space with parking and flexible lease terms.
      25 Raymond Rd, Colchester, VT 05446
      View Details
    • $2,395 /Mo
      3,700 SF

      Unique Office Space for Rent

      Cool office space with exposed brick in Fort Ethan Allen.
      162 Hegeman Ave, Colchester, VT 05446
      View Details
    • $14 SF/Yr
      3,500 SF

      Colchester Office Space For Rent

      Open layout office space with lake and mountain views.
      356 Mountain View Dr, Colchester, VT 05446
      View Details
    • $10 SF/Yr
      4,800 SF

      Colchester Warehouse Unit For Rent

      Warehouse unit with office space and loading docks available for rent.
      113 Acorn Ln, Colchester, VT 05446
      View Details
    • $14 SF/Yr
      1,500 SF

      Colchester Office Space Available Now

      Two-story office suite with common amenities, ready for occupancy.
      948 Hercules Dr, Colchester, VT 05446
      View Details

    FAQs

    What type of property is this?
    Office space - 4,500 SF office space with views of Lake Champlain.
    Where is this office space located?
    The property is located at 261 Mountain View Dr Colchester, VT.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - 4,500 SF office space available; - Located on the fourth floor; - Excellent view of Lake Champlain
    (802) 862-6880
    Request Owner's contact information
    261 Mountain View Dr Colchester, VT 05446
    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.
    261 Mountain View Dr
    Colchester, VT 05446
    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
    261 Mountain View Dr Colchester, VT 05446
    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

    We can help!
    Listing Contact
    Mike Provost
    (802) 862-6880
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.