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Building Details

Building Size 2,000 SF

Listing Agency: Coldwell Banker Watson Realty/Rutland

Listed By: Nancy Greenwood Show Phone

Source: Evrealestate

Added: Oct 9, 2024 Changed: Oct 14 Last Checked: Oct 14 at 10:35PM

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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 / Yr

$16,262

Cap Rate

5.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$325,240 $325.2K

Cap Rate 7%

$232,314 $232.3K

Cap Rate 9%

$180,689 $180.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

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 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. How Realmo checks its estimates

Property Analytics

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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

Similar Off Market Nearby

• Hybl Fannin Design — Middletown Springs, VT 05757

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