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    198 N Main St Rutland, VT 05701

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    For Lease
    $750 /Mo ($6 SF/Yr)

    Spacious, renovated office with potential for customization and accessibility upgrades.

    Property size:
    1,396 SF
    Lot size:
    2.39 Acres

    Property Features for 198 N Main St

    General Information

    Size
    1,396 SF
    Lot size
    2.39 Acres

    Source: Ault Commercial Realty Agent Ray Ault

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

    Overview

    Renovated Corner Office Space Available

    This is a 1,396 square foot corner office space, built in 1975 and renovated in 2023. The office is located on the second floor and features a gross area of 1,396 square feet, with a net area of 1,188 square feet. It currently consists of four rooms but can readily be converted to a five-room office. The space also includes access to a spacious lounge area. The first floor provides access to two ADA-compliant restrooms. Previously occupied as a law office, the space now features a new electric heat-pump system designed to reduce heating costs and provide responsive climate control, including air conditioning. The owner is having an architect design a second-floor ADA restroom. The Condo Association has approved the construction of a glass-enclosed wheelchair lift from the main lobby to the second-floor lounge, and the owner is willing to construct the lift with amenable lease terms.
    Location Intelligence

    Current Use by Public Records

    Mc Donald William ... Dentist DuBOFF DENTISTRY Dentist William J. McDonald, ... Dentist Brenner Steven M ... Dentist Hyjek Barbara Dentist

    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
    Rutland
    County
    Orleans
    State
    Vermont
    Longitude
    -72.9737691
    Latitude
    43.6232849

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    FAQs

    What type of property is this?
    Office space - Spacious, renovated office with potential for customization and accessibility upgrades.
    Where is this office space located?
    The property is located at 198 N Main St Rutland, VT.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - Renovated in 2023 with a new, energy-efficient electric heat-pump system providing responsive climate control and reduced heating costs.; - Spacious 1,396 sf corner office with potential to be converted into a 5-room office.; - Condo Association approved construction of a glass-enclosed wheelchair lift from the lobby to the 2nd floor lounge, enhancing accessibility.
    (802) 773-0600
    Request Owner's contact information
    198 N Main St Rutland, VT 05701
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    Rutland, VT 05701
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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
    198 N Main St Rutland, VT 05701
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