951 Main St, Fairfax, VT
Restaurant property with 110 seats and ample parking.
- Added:
- Mar 6, 2025
- Days on Market:
- 465
- Last Refresh:
- May 20 at 9:03 pm
Property Features for 951 Main St
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 1.94 Acres
- Property subtype
- RETAIL
Properties For Sale
at 951 Main St Contact usListing agent Rick Harrison
Listing office NAI J.L Davis Realty (802) 876-6923
Listing date Mar 6, 2025
Source Moodyscre
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 NAI J.L Davis Realty
HighLights
- Licensed for 110 Seats
- 45+ Parking Spaces available
- Excellent Visibility
- Located near the intersection of Routes 104 and 128
- Great Signage
- Formerly Erica’s Restaurant
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $65.9k | $21.96 |
| − Vacancy | −$791 | −$0.26 |
| EGI | $65.1k | $21.70 |
| − OpEx | −$16.3k | −$5.42 |
| NOI | $48.8k | $16.27 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Fairfax
- County
- Chittenden
- State
- Vermont
- Longitude
- -73.0075
- Latitude
- 44.6543
