Building Details

Building Size 4,447 SF

Year Built 1860

Buildings 1

Units 5

Tenancy Multi

Listing Agency: Lakes & Homes Real Estate

Listed By: Nancy Liberatore Show Phone

Source: Elliman

Added: Oct 16 Last Checked: Oct 16 at 1:57PM

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Investment Insights

Based on property information with market context.

Built in 1860, this Main Street mixed-use building contains more than 4,400 square feet across five or more units. An original bank vault remains in the property, and parking is available on-site as well as along the street.

The building at 177 Main St in Poultney is within walking distance of village shopping, dining, and the local trail system.

Key Highlights

• More than 4,400 square feet across five or more units
• Original bank vault remains in the building
• Built in 1860

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,777

Cap Rate

7.46%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$715,540 $715.5K

Cap Rate 7%

$511,100 $511.1K

Cap Rate 9%

$397,522 $397.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,400 SF

Gross rent

$58.1K $13.20/SF

− Vacancy

−$7.0K −$1.58/SF

EGI

$51.1K $11.62/SF

− OpEx

−$15.3K −$3.48/SF

NOI

$35.8K $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%

$715,540

Cap Rate 7%

$511,100

Cap Rate 9%

$397,522

Alternative Uses

Best Use

Retail

$511.1K

$447.2K – $596.3K (±1% cap)

NOI $35,777 @ 7.0% cap · market cap 7.46%

Second Best

Mixed Use

$509.1K

$445.5K – $594.0K (±1% cap)

NOI $35,640 @ 7.0% cap · market cap 7.43%

Theoretical Best

Healthcare Medical

$766.1K

$670.3K – $893.8K (±1% cap)

NOI $53,626 @ 7.0% cap · market cap 11.17%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Deep Awakening Massage ... Alternative Medicine Practice Rotundo Tattoo Tattoo & Piercing Shop Heritage Family Credit ... Atm Poultney Village Office City Government Office

Suggested Use

Top Pick Electrical Service Real Estate Agency Bakery Furniture & Home Goods (Bike/Boat/Book/etc) Store Cafe & Coffee Shop

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

223

Businesses Nearby

18k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 54% Groceries 35% Home Improvements & Furnishings 11%

Shaw's Supermarket Groceries

6,240 visits/mo 0.1 miles

Dollar General Shops & Services

4,970 visits/mo 0.1 miles

Citgo Shops & Services

3,699 visits/mo 0.2 miles

Noble Ace Hardware Home Improvements & Furnishings

1,972 visits/mo 0.1 miles

Gulf Oil Shops & Services

1,051 visits/mo 0.1 miles

Demographics for 05764, VT

3,045

Population

1,472

Households

2.1

Avg Household Size

47

Median Age

33%

College-Educated

95%

High-School Grad

44.5 sq mi

ZIP Area

68

Density / Sq Mi

$62,348

Median Household Income

$35,583

Median Earnings

$859

Median Rent

$208,700

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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Renovated Duplex with Accessible Entry

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A multi-unit layout and parking on-site and along the street support varied commercial configurations.

Where is this mixed-use property located?

The property is located at 177 Main St Poultney, VT.

What is the asking price?

The asking price for this property is $479,900.

What are key features of this property?

This property features: More than 4,400 square feet across five or more units; Original bank vault remains in the building; Built in 1860