Building Details

Building Size 2,000 SF

Listing Agency: Coldwell Banker Watson Realty/Rutland n***@gmail.com Show Phone

Listed By: Nancy Greenwood Show Phone

Source: Evrealestate

Added: Oct 9, 2024 Changed: Aug 27 Last Checked: Aug 30 at 3:41PM

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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 Coldwell Banker Watson Realty/Rutland

Investment Insights

Based on property information with market context.

Located in the town center of Middletown Springs, Vermont, this storefront property is situated on Route 133. The property is located on the left side of East Street, in the center of town.

Key Highlights

• Located in the town center of Middletown Springs
• Central Air conditioning for year‑round comfort
• Forced Air heating

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$16,262

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

5.44%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$325,240 $325.2K

Cap Rate 7%

$232,314 $232.3K

Cap Rate 9%

$180,689 $180.7K

Market Conditions

NOI Build-Up for 2,000 SF 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.

Gross rent

$26.4K $13.20/SF

− Vacancy

−$3.2K −$1.58/SF

EGI

$23.2K $11.62/SF

− OpEx

−$7.0K −$3.48/SF

NOI

$16.3K $8.13/SF

Area

Rutland County, VT

Vacancy

12.00%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$325,240

Cap Rate 7%

$232,314

Cap Rate 9%

$180,689

Alternative Uses

Best Use

Retail

$232.3K

$203.3K – $271.0K (±1% cap)

NOI $16,262 @ 7.0% cap · market cap 5.44%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$348.2K

$304.7K – $406.3K (±1% cap)

NOI $24,376 @ 7.0% cap · market cap 8.15%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Crossman's General Store Department Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Florist Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 05757, VT

847

Population

388

Households

2.2

Avg Household Size

51

Median Age

45%

College-Educated

93%

High-School Grad

24.7 sq mi

ZIP Area

34

Density / Sq Mi

$71,333

Median Household Income

$46,625

Median Earnings

$1,208

Median Rent

$240,200

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Storefront property - Storefront property located in the center of Middletown Springs, VT.

Where is this storefront property located?

The property is located at 8 East Street Middletown Springs, 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: Located in the town center of Middletown Springs; Central Air conditioning for year‑round comfort; Forced Air heating