Single-Level Mixed-Use
231 S Main St, Rutland, VT 05701
For Sale
New
Contact for pricing
Retail and warehouse functions share a corner-site building with a single-floor layout.
Property Size7,440 SF
Lot Size0.48 Acres
Price / SF$88.04
Days on Market4
Property Features for 231 S Main St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Corner Location
Road Access
Mixed-Use Components
Additional Details
Property Use
Building Details
Year Renovated
Buildings
Stories
Building Size
Construction
Listing Agency:
Ault Commercial Realty
Listed By:
Ray Ault
(802) 773-0600
Source:
Moodyscre
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 2:17PM
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
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Investment Insights
Based on property information with market context.
This 7,440-square-foot mixed-use building combines retail and warehouse space in a steel-frame structure with masonry walls. The full building is arranged on one level, and the property occupies a 0.48-acre corner parcel at South Main Street and Dana Avenue in Rutland. Renovations were completed in 2004 and 2016, and a propane furnace was installed in April 2026.
Key Highlights
- 7,440‑square‑foot building with retail and warehouse space
- 0.48‑acre corner parcel at South Main Street and Dana Avenue
- Steel‑frame construction with masonry walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,264
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,280
$1.2M
Cap Rate 7%
$860,914
$860.9K
Cap Rate 9%
$669,600
$669.6K
Market Conditions
NOI Build-Up for 7,440 SF
Gross rent
$107.1K $14.40/SF
− Vacancy
−$10.7K −$1.44/SF
EGI
$96.4K $12.96/SF
− OpEx
−$36.2K −$4.86/SF
NOI
$60.3K $8.10/SF
Area
Rutland County, VT
Vacancy
10.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,205,280
Cap Rate 7%
$860,914
Cap Rate 9%
$669,600
Alternative Uses
Best Use
Retail
$864.2K
$756.2K – $1.01M
NOI $60,496 @ 7.0% cap · market cap 9.24%
Second Best
Mixed Use
$860.9K
$753.3K – $1.00M
NOI $60,264 @ 7.0% cap · market cap 9.20%
Theoretical Best
Healthcare Medical
$1.30M
$1.13M – $1.51M
NOI $90,677 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Retail and warehouse functions share a corner-site building with a single-floor layout.
Where is this mixed-use property located?
The property is located at 231 S Main St Rutland, VT.
What is the asking price?
The asking price for this property is $655,000.
What are key features of this property?
This property features: 7,440‑square‑foot building with retail and warehouse space; 0.48‑acre corner parcel at South Main Street and Dana Avenue; Steel‑frame construction with masonry walls
