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    393 Ferry St Hyde Park, VT 05655

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    Pending
    $299,000

    Two-unit property in Vermont with rental or multi-generational potential.

    Lot size:
    0.50 Acres

    Property Features for 393 Ferry St

    General Information

    Property type
    Investment
    Standard status
    Pending
    Lot size
    0.50 Acres

    Building Details

    Year built
    1880

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    Listing Contact
    Taylor White
    Source: Elliman

    Listing Agent: Taylor White

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

    Learn more

    Overview

    Vermont Duplex with Income Potential

    This two-unit property presents an opportunity for income generation in a Vermont setting off Route 100. Each unit features two bedrooms and a private entrance. The first-floor apartment has been renovated with new flooring, finished walls, updated insulation, and improvements to the plumbing and electrical systems. The full bathroom includes a new vanity, tub, and washer & dryer. This unit also features a covered front porch and a kitchen with space for a dining table, as well as a living room. The first-floor apartment is vacant and move-in ready. The second unit includes two bedrooms, an office, and a 3/4 bathroom, along with an open-concept kitchen, living, and dining area. The kitchen has a breakfast peninsula with counter seating and storage. Pine wood floors add character to the upstairs unit, and a designated entry provides convenience. A space for a washer and dryer is also available in this unit. Recent updates to the property include new appliances, flooring, insulation, and system improvements. This property offers flexibility for generating rental income, multi-generational living, or owner-occupancy while renting the other unit.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Storage Facility Garden Center Grocery & Convenience Store Car Rental Facility Daycare Center Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Hyde Park
    County
    Lamoille
    State
    Vermont
    Longitude
    -72.5911096
    Latitude
    44.6701562

    Nearby Similar for Sale

    • $440,000
      5,000 SF

      Hyde Park Commercial Opportunity

      Commercial building in Hyde Park with potential for various uses.
      92 West Main St, Hyde Park, VT 05655
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property in Vermont with rental or multi-generational potential.
    Where is this duplex located?
    The property is located at 393 Ferry St Hyde Park, VT.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: - Two separate units, each with 2 bedrooms and private entrances, offering income potential or multi-generational living.; - **First-floor unit is fully renovated** with new flooring, updated insulation, plumbing, and electrical systems.; - **Turn-key and vacant first-floor unit is ready for immediate occupancy.**
    (802) 760-9815
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    393 Ferry St Hyde Park, VT 05655
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    Hyde Park, VT 05655
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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.

    More about this property
    393 Ferry St Hyde Park, VT 05655
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    We can help!
    Listing Contact
    Taylor White
    (802) 760-9815 (802) 654-8500
    Learn more
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