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    3471 Route 4 Killington, VT 05751

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    For Sale
    $675,000

    Renovated retail building on a commercially zoned acre.

    Property size:
    2,971 SF
    Lot size:
    1.00 Acre

    Property Features for 3471 Route 4

    General Information

    Standard status
    Active
    Size
    2,971 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    1958

    We can help!

    Listing Contact
    Cathy Quaglia
    Source: Exitrealty

    Listing Agency: Killington Valley Real Estate Listing Agent: Cathy Quaglia

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

    Learn more

    Overview

    Killington Retail Building on Route 4

    Located on Route 4, a major east-west state highway known as "The Gateway to Killington", this 2,971 square foot building was renovated in 2022. It is currently leased to Luce Farm Wellness at $2,800 per month through March 14, 2025. The property is situated on a 1-acre commercially zoned parcel. The building features a retail area, half bath, lab, commercial kitchen, offices, and storage areas. Town and State permits were obtained by Luce Farm Wellness for CBD manufacturing, internet sales, and retail. The site was formerly the original Aspen East Ski Shop & Surf the Earth Snowboards retail location, with shipping and office facilities. It is located minutes from the Killington Skyeship base, Bear Mountain lifts and trails, and the nightlife and restaurants along Killington Access Road. The property is also convenient to town for shopping, services, and the Rutland Regional Medical Center. The location offers opportunities for mountain biking and access to two golf courses. The area is experiencing growth, with $72 million in progress for a rebuilt Killington Road, a municipal water system, town center offices on Route 4, workforce housing, and the Six Peaks Village on over 1,000 acres. A new Bear Mountain Lodge is planned, along with upgrades to all lifts.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Gym & Fitness Center Department Store Skin Care Clinic Kitchen & Bath Showroom HVAC Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Killington
    County
    Rutland
    State
    Vermont
    Longitude
    -72.784058
    Latitude
    43.664415

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    FAQs

    What type of property is this?
    Retail space - Renovated retail building on a commercially zoned acre.
    Where is this retail space located?
    The property is located at 3471 Route 4 Killington, VT.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Excellent location on Route 4, "The Gateway to Killington," with high traffic counts.; - Leased to Luce Farm Wellness at $2,800 per month through March 14, 2025.; - Commercially zoned 1-acre parcel suitable for retail, manufacturing, and internet sales.
    (802) 345-3797
    Request Owner's contact information
    3471 Route 4 Killington, VT 05751
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    Killington, VT 05751
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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
    3471 Route 4 Killington, VT 05751
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    We can help!
    Listing Contact
    Cathy Quaglia
    (802) 345-3797 (802) 422-3610
    Learn more
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