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    Downtown Office Suite with Dual Entry Title is generated by Realmo AI

    120 N Main Street, Saint Albans, VT 05478

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    COMMERCIAL - St. Albans City, VT

    Added:
    Dec 7, 2025
    Days on Market:
    179
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 120 N Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    B1
    Standard status
    Active

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Emily Biron
    Emily Biron

    Listing agent Emily Biron

    Listing office RE/MAX North Professionals 553 Roosevelt Highway, Colchester, VT

    Listing date Dec 7, 2025

    MLS# 5071606

    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

    • Commercial space for lease in downtown St. Albans
    • Newly renovated building with fresh facade and efficiency upgrades
    • Existing office setup available or space can be customized to your needs
    • Unit features dual entrances (front and back)
    • Private bathroom and shared kitchen/breakroom included
    • Water source: public

    Overview

    This newly renovated commercial office building is offered for lease with an existing office setup that can be used as-is or customized. The building features a fresh facade and efficiency upgrades. The available unit includes dual entrances from the front and back, a private bathroom, and access to a shared kitchen or breakroom.

    The property is located at 120 N Main Street in downtown St. Albans City, Vermont. The available suite’s front-and-back entry configuration can support flexible day-to-day access for staff and visitors.

    The layout is well suited for businesses seeking a move-in-ready office environment with basic in-suite privacy and practical shared amenities. Tenants can benefit from the ability to enter through either side of the unit, along with a private bath and shared breakroom for day-to-day workflow. Zoned B1, the space is designed for office use within a downtown commercial setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Spa & Massage Center Building Supply Hotel & Motel Bakery Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint Albans
    County
    Franklin
    State
    Vermont
    Longitude
    -73.0831225
    Latitude
    44.8138382

    Nearby Similar for Lease

    • $15 SF/Yr
      1,200 SF

      St. Albans Office Space Available

      Professional office space in a highly visible, convenient location.
      2 Champlain Cmns Suite 3, St. Albans Town, VT 05478
      View Details
    • Contact for pricing

      Professional Office Space on Main

      Prime Main Street office suites for service-based professionals.
      91 S Main Street, St. Albans City, VT 05478
      View Details

    FAQs

    What type of property is this?
    Office units - Newly renovated office suite offers dual entrances, private bath, and shared breakroom in downtown St. Albans.
    Where is this office units located?
    The property is located at 120 N Main Street Saint Albans, VT.
    What are key features of this property?
    This property features: Commercial space for lease in downtown St. Albans; Newly renovated building with fresh facade and efficiency upgrades; Existing office setup available or space can be customized to your needs
    (802) 655-3333
    We can help!
    Listing Contact
    Emily Biron
    Emily Biron
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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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