Office and Industrial Flex
1889 Williston Road, South Burlington, VT 05403
For Sale
Contact for pricing
Two-building campus with a two-story office and one-story steel-frame industrial space along a major commercial corridor.
Property Size48,064 SF
Lot Size3.41 Acres
Price / SF$121.73
Days on Market144
Property Features for 1889 Williston Road
General Information
Standard status
Size
Class
Lot size
Property subtype
Zoning
Investment Type
Net Operating Income
Additional Details
Highway Access
Office Units
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Nedde Real Estate
Listed By:
Jaeger Nedde · License #VT 082.0134772
(802) 777-0732
Source:
Crexi
Added: Jun 16
Changed: Nov 1
Last Checked: Nov 6 at 5:08AM
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 Nedde Real Estate
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Investment Insights
Based on property information with market context.
The property at 1889–1891 Williston Road is a 3.41-acre site improved with two separate buildings. The office component is a two-story wood frame building totaling 5,096 SF. The industrial component is a one-story steel frame building totaling 42,968 SF. Together, the layout supports mixed business uses and operational flexibility within a single ownership footprint.
The site is located along one of South Burlington’s most visible and well-traveled commercial corridors, with positioning described as offering strong accessibility. The property is also noted as being in proximity to I-89 and Burlington International Airport, as well as a range of retail, dining, and service destinations.
For tenants and owner-users, the combination of a dedicated office building and a larger industrial warehouse building can support a variety of back-office and operational needs under one roof. For buyers considering long-term use, the offering includes the ability to expand the buildings by up to 15,000 SF, providing an option to increase usable space and accommodate additional tenants or operational growth. The asset is being offered for sale at 1889–1891 Williston Road, South Burlington, VT 05403.
The site is located along one of South Burlington’s most visible and well-traveled commercial corridors, with positioning described as offering strong accessibility. The property is also noted as being in proximity to I-89 and Burlington International Airport, as well as a range of retail, dining, and service destinations.
For tenants and owner-users, the combination of a dedicated office building and a larger industrial warehouse building can support a variety of back-office and operational needs under one roof. For buyers considering long-term use, the offering includes the ability to expand the buildings by up to 15,000 SF, providing an option to increase usable space and accommodate additional tenants or operational growth. The asset is being offered for sale at 1889–1891 Williston Road, South Burlington, VT 05403.
Key Highlights
- Two‑building commercial campus on a 3.41‑acre parcel with a two‑story office building and one‑story steel‑frame industrial building
- Two‑story wood frame office building totals 5,096 SF
- One‑story steel‑frame industrial building totals 42,968 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$508,588
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,171,760
$10.2M
Cap Rate 7%
$7,265,543
$7.3M
Cap Rate 9%
$5,650,978
$5.7M
Market Conditions
NOI Build-Up for 48,064 SF
Gross rent
$605.6K $12.60/SF
− Vacancy
−$7.3K −$0.15/SF
EGI
$598.3K $12.45/SF
− OpEx
−$89.8K −$1.87/SF
NOI
$508.6K $10.58/SF
Area
Chittenden County, VT
Vacancy
1.20%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,171,760
Cap Rate 7%
$7,265,543
Cap Rate 9%
$5,650,978
Alternative Uses
Best Use
Flex RnD
$11.01M
$9.63M – $12.84M
NOI $770,433 @ 7.0% cap · market cap 13.17%
Second Best
Office B
$9.64M
$8.44M – $11.25M
NOI $674,819 @ 7.0% cap · market cap 11.53%
Theoretical Best
Office A
$13.18M
$11.54M – $15.38M
NOI $922,829 @ 7.0% cap · market cap 15.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
5
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
541
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 05403, VT
20,166
Population
9,565
Households
2.1
Avg Household Size
41
Median Age
65%
College-Educated
98%
High-School Grad
16.4 sq mi
ZIP Area
1,230
Density / Sq Mi
$97,041
Median Household Income
$54,362
Median Earnings
$1,755
Median Rent
$399,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Taco Truck All Stars — 1977 Williston Rd, South Burlington, VT 05403
- The Hungry Pea — 6 Mayfair St, South Burlington, VT 05403
Frequently Asked Questions
What type of property is this?
Flex space - Two-building campus with a two-story office and one-story steel-frame industrial space along a major commercial corridor.
Where is this flex space located?
The property is located at 1889 Williston Road South Burlington, VT.
What is the asking price?
The asking price for this property is $5,851,000.
What are key features of this property?
This property features: Two‑building commercial campus on a 3.41‑acre parcel with a two‑story office building and one‑story steel‑frame industrial building; Two‑story wood frame office building totals 5,096 SF; One‑story steel‑frame industrial building totals 42,968 SF
