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    Turnkey Sawmill with Multiple Buildings Title is generated by Realmo AI

    6 Simino Lane, Irasburg, VT 05845

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    For Sale
    $749,000

    Turnkey lumber manufacturing operation with 5 buildings and integrated equipment for producing boards, beams, and kiln-dried products.

    Type:Commercial
    Property size:
    15,265 SF
    Lot size:
    11.16 Acres
    Price / SF:
    $49/SF
    Added:
    Oct 1, 2024
    Days on Market:
    614
    Last Refresh:
    Jun 5 at 2:15 am

    Property Features for 6 Simino Lane

    General Information

    Standard status
    Active
    Size
    15,265 SF
    Lot size
    11.16 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Dexter Degre

    Listing office Jim Campbell Real Estate

    Listing date Oct 1, 2024

    Source Poquetterealty

    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 Jim Campbell Real Estate

    HighLights

    • Operational Piette Sawmill on 11.16 acres with 5 buildings totaling 15,265 SF+/-
    • Includes 7,865 SF operational mill (121' x 65') plus metal shop, dry kiln, stick shop, and 320 SF office
    • Dry kiln holds 140k+/- board feet with hydraulic retractable doors for kiln‑dried production
    • Sawmill sale includes extensive equipment for processing logs to products, including debarker, saw carriage/booth, edger, conveyors, chipper, and sawdust handling
    • Heavy power (480V) and materials/log loading setup with mostly level land for lumber and truck loading
    • Owner assistance available for a negotiable post‑sale period; buyer receives a +$200K option for 10 Simino Lane (3500+ SF home on 4.9 acres)

    Overview

    This turnkey Piette Sawmill operation for sale includes the real estate, equipment, business, and goodwill. The property is set on 11.16 acres and contains five buildings totaling 15,265 SF+/-, including an operational mill (7,865 SF, 121’ x 65’), a metal shop (2,880 SF, 48’ x 60’), a dry kiln building (2,400 SF, 30’ x 80’), a stick shop (1,800 SF, 36’ x 50’), and a new post & beam office (320 SF). The included production system is designed to move from logs to finished products, with a log load deck, debarker and computer-controlled saw carriage, enclosed saw booth, hydraulic saw, conveyor belts and chip handling, an edger and green chain conveyor, sawdust blowers and loading dock, and dry kiln capacity able to hold 140k+/- board feet with hydraulic retractable doors. The equipment package also includes heavy power (480V), fuel tanks, a loader storage area, planer, and multiple office areas.

    The land is mostly level, supporting lumber handling and truck loading. The dry kiln’s hydraulic retractable doors and the production flow are supported by a loading dock and on-site material conveyors.

    The operation is a practical fit for an owner-operator or operating partner seeking an established, tool-equipped sawmill ready to produce custom pine or hardwood lumber products and various sized beams, with sawdust byproducts also available for sale. The seller is willing to assist with mill operations for a negotiable period after the sale.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Hotel & Motel Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Irasburg
    County
    Orleans
    State
    Vermont
    Longitude
    -72.3158978
    Latitude
    44.8359111

    FAQs

    What type of property is this?
    Manufacturing property - Turnkey lumber manufacturing operation with 5 buildings and integrated equipment for producing boards, beams, and kiln-dried products.
    Where is this manufacturing property located?
    The property is located at 6 Simino Lane Irasburg, VT.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Operational Piette Sawmill on 11.16 acres with 5 buildings totaling 15,265 SF+/-; Includes 7,865 SF operational mill (121' x 65') plus metal shop, dry kiln, stick shop, and 320 SF office; Dry kiln holds 140k+/- board feet with hydraulic retractable doors for kiln‑dried production
    We can help!
    Listing Contact
    Dexter Degre
    Learn More
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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.

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