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    12 Railroad St Brighton, VT 05846

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    For Sale
    Contract
    $1,900,000

    Full-service grocery store with gas station in Island Pond, VT.

    Lot size:
    0.64 Acres

    Property Features for 12 Railroad St

    General Information

    Property type
    Commercial
    Standard status
    Contract
    Lot size
    0.64 Acres

    Building Details

    Year built
    1986

    We can help!

    Listing Contact
    Ryan Pronto
    Ryan Pronto
    Source: Elliman

    Listing Agency: Jim Campbell Real Estate Listing Agent: Ryan Pronto

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

    Learn more

    Overview

    Profitable Vermont Grocery Store Opportunity

    Kingdom Market is a long-established and profitable full-service grocery store located in Island Pond, Vermont. The business includes a full meat and deli counter and a gasoline station. It holds licenses for seafood sales, commercial catering, lottery, beer, wine, and Vermont liquor. The property features a 6,600± sq. ft. building on 0.64± acres, offering excellent visibility, ample parking, and high daily traffic. It is equipped with public water/sewer and three-phase power with generator back-up. Recent improvements include a new roof, compressors, evaporators, HVAC, beer cooler, dairy and produce cases, generator, camera system, and automated POS system. The market includes owned gas pumps currently in service, a canopy, and two 8,000-gallon tanks, with upgrades required in the near future. Island Pond is a four-season recreational hub known for snowmobiling, hiking, boating, and outdoor adventure. The market serves as an essential resource for surrounding communities, with the nearest grocery store nearly 20 miles away. The sale includes the business, real estate, and an extensive equipment list.
    Location Intelligence

    Current Use by Public Records

    Kingdom Market Grocery & Convenience Store Indian Pond Liquor ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Hotel & Motel Food Market Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Brighton
    County
    Essex
    State
    Vermont
    Longitude
    -71.8816246
    Latitude
    44.8154731

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    FAQs

    What type of property is this?
    Grocery and convenience store - Full-service grocery store with gas station in Island Pond, VT.
    Where is this grocery and convenience store located?
    The property is located at 12 Railroad St Brighton, VT.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Profitable, long-established full-service grocery store with diverse revenue streams.; - Essential community resource with limited local competition.; - Includes real estate (6,600± sq. ft. building on 0.64± acres), business, and extensive equipment list.
    (802) 334-3400
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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
    12 Railroad St Brighton, VT 05846
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    We can help!
    Listing Contact
    Ryan Pronto
    Ryan Pronto
    Real Estate License ID: 0810063392
    (802) 334-3400 (802) 274-9149
    Learn more
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