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    Versatile Multi-Use Commercial Property Title is generated by Realmo AI

    2337 VT Route 7, Middlebury, VT 05753

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    For Sale
    $549,000

    Commercial For Sale - Middlebury, VT

    Lot size:
    0.48 Acres
    Added:
    May 20, 2026
    Days on Market:
    3
    Last Refresh:
    May 22 at 10:06 am

    Property Features for 2337 VT Route 7

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Agricultural Rural (AR)
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    0.48 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6615.52

    Utilities

    Heating system
    Electric (Heating), Forced Air, Heat Pump (Heating), Natural Gas, Wall Furnace
    Cooling system
    Zoned

    Building Details

    Year built
    1900
    Number of units
    3
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Amey Ryan

    Listing agent Amey Ryan

    Listing office IPJ Real Estate 34 Main St, Middlebury, VT

    Listing date May 20, 2026

    MLS# 5089983 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multi‑use property with existing income exceeding $4550/month from rented office spaces and furnished studio apartments.
    • Additional income potential from renting the 2‑bay garage.
    • Two furnished studio apartments, each equipped with Rinnai heater, heat pump, electric stove, and 3/4 bath.
    • Five privately rented office spaces share a conference room, reception area, full bath, and kitchenette.
    • First‑floor apartment features a dishwasher, electric stove, stacked laundry, 3/4 bath, and expansion potential.
    • Landscaped property with paved parking and existing sign for business name display.

    Overview

    This versatile property in Middlebury, VT, presents an opportunity for commercial real estate ownership. Originally a single-family home, it has been transformed into a multi-use property. The larger section features five privately rented office spaces that share a conference room, reception area, full bath, and small kitchenette. These office spaces generate over $2000 in monthly rental income. Additionally, there are two furnished studio apartments, one on each level. The first-floor apartment is currently rented for $1150 per month and includes a Rinnai heater, heat pump for heating and cooling, dishwasher, electric stove, stacked laundry, and a 3/4 bath. This unit shares a door with one of the office spaces, offering the potential to expand the apartment. The second-floor unit is a studio space with a Rinnai heater, heat pump, electric stove, fridge, and 3/4 bath, renting for $1400 per month. Additional income potential exists through renting the two-bay garage or incorporating it into one of the apartment rentals to increase rent. The property is landscaped and includes a sign for business name display. The parking surface is paved, and the property is well-maintained. The property is zoned Agricultural Rural (AR) and sits on a 0.48-acre lot.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Middlebury
    County
    Addison
    State
    Vermont
    Longitude
    -73.1846
    Latitude
    43.9961

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    FAQs

    What type of property is this?
    Mixed-use property - Updated multi-use property with office spaces and apartments.
    Where is this mixed-use property located?
    The property is located at 2337 VT Route 7 Middlebury, VT.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Multi‑use property with existing income exceeding $4550/month from rented office spaces and furnished studio apartments.; Additional income potential from renting the 2‑bay garage.; Two furnished studio apartments, each equipped with Rinnai heater, heat pump, electric stove, and 3/4 bath.
    8023884242x203
    We can help!
    Listing Contact
    Amey Ryan
    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.

    More about this property
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