Medical Office Condominium with
For Sale
$132,500
198 N Main Street, Rutland, VT 05701
Configured dental office with private rooms, shared client amenities, and landscaped grounds overlooking Tenney Brook picnic area.
Property Size1,230 SF
Price / SF$107.72
Days on Market129
Property Features for 198 N Main Street
General Information
Standard status
Active
Size
1,230 SF
Total Parking Spaces
30
Property subtype
Commercial
Additional Details
Asking Price
$132,500
Amenities
landscaped grounds
client lounge
common break-room
storage closet
Building Details
Year Built
1974
Buildings
1
Tenancy
Multi
Listing Agency:
Ault Commercial Realty (RayAultVt@gmail.com)
Listed By:
Ray Ault
(802) 773-0600
Source:
Aultcommercial
Added: Jun 8
Changed: Oct 13
Last Checked: Oct 12 at 8:45PM
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 Ault Commercial Realty (RayAultVt@gmail.com)
Investment Insights
Based on property information with market context.
This medical office condominium is configured as a five-room dental practice with reception, a private office, an adjacent office or lab, storage, and three patient-service areas. The unit includes a non-ADA half-bath, while an accessible restroom is available in the common area. Shared amenities include a naturally lit client lounge, common break room, and an approximately 6-by-8-foot storage closet. The 1974 commercial office building has benefited from a recently replaced furnace and upgrades to the entry walkway, hallway, and restrooms.
The property is located at 198 N Main Street in Rutland City, with approximately 15,000 ADT and on-site parking for 30 cars or more. Landscaped grounds and views toward the Tenney Brook picnic area provide the surrounding setting. The condominium interest includes 6.59% of the land and 20% of the commercial office building.
The property is located at 198 N Main Street in Rutland City, with approximately 15,000 ADT and on-site parking for 30 cars or more. Landscaped grounds and views toward the Tenney Brook picnic area provide the surrounding setting. The condominium interest includes 6.59% of the land and 20% of the commercial office building.
Key Highlights
- Five‑room dental office configuration with reception, private office, lab, storage, and three patient‑service areas
- On‑site parking for 30 cars + or -
- Approximately 15,000 ADT location on N Main Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,531
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,620
$190.6K
Cap Rate 7%
$136,157
$136.2K
Cap Rate 9%
$105,900
$105.9K
Market Conditions
NOI Build-Up for 1,230 SF
Gross rent
$15.5K $12.60/SF
− Vacancy
−$2.8K −$2.27/SF
EGI
$12.7K $10.33/SF
− OpEx
−$3.2K −$2.58/SF
NOI
$9.5K $7.75/SF
Area
Rutland County, VT
Vacancy
18.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,620
Cap Rate 7%
$136,157
Cap Rate 9%
$105,900
Alternative Uses
Best Use
Healthcare Medical
$214.2K
$187.4K – $249.9K
NOI $14,991 @ 7.0% cap · market cap 11.31%
Second Best
Office B
$136.2K
$119.1K – $158.9K
NOI $9,531 @ 7.0% cap · market cap 7.19%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 05701, VT
20,349
Population
10,528
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
93%
High-School Grad
67.7 sq mi
ZIP Area
301
Density / Sq Mi
$58,744
Median Household Income
$41,391
Median Earnings
$963
Median Rent
$202,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- All Points Animal Care — 170 N Main St, Rutland, VT 05701
Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured dental office with private rooms, shared client amenities, and landscaped grounds overlooking Tenney Brook picnic area.
Where is this medical office space located?
The property is located at 198 N Main Street Rutland, VT.
What is the asking price?
The asking price for this property is $132,500.
What are key features of this property?
This property features: Five‑room dental office configuration with reception, private office, lab, storage, and three patient‑service areas; On‑site parking for 30 cars + or -; Approximately 15,000 ADT location on N Main Street
