Building Details

Buildings 1

Building Size 18,479 SF

Listing Agency: POMERLEAU Real Estate Show Phone

Listed By: Matt Tedder Show Phone

Source: Moodyscre

Added: Nov 3 Changed: Nov 4 Last Checked: Nov 4 at 2:46PM

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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 POMERLEAU Real Estate

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Investment Insights

Based on property information with market context.

This 18,479-square-foot flex building includes 2,764 square feet of office space and 15,715 square feet of warehouse and industrial area. The warehouse has 17-foot clear height, six loading docks, and a 14-by-14-foot drive-in overhead door. A recently installed metal roof and full sprinkler coverage are among the building’s improvements.

The property is in Clapper Road Business Park, with access from Route 7 and less than one mile to Interstate 89 at Exit 17. Municipal water and sewer service and natural gas are available.

Key Highlights

• 18,479 SF total, including 2,764 SF of office and 15,715 SF of warehouse/industrial space
• 17‑foot clear height in the warehouse
• Six loading docks and one 14' x 14' drive‑in overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$168,697

Cap Rate

8.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,373,940 $3.4M

Cap Rate 7%

$2,409,957 $2.4M

Cap Rate 9%

$1,874,411 $1.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 18,479 SF

Gross rent

$243.9K $13.20/SF

− Vacancy

−$2.9K −$0.16/SF

EGI

$241.0K $13.04/SF

− OpEx

−$72.3K −$3.91/SF

NOI

$168.7K $9.13/SF

Area

Chittenden County, VT

Vacancy

1.20%

Lease Rate

$13.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,373,940

Cap Rate 7%

$2,409,957

Cap Rate 9%

$1,874,411

Alternative Uses

Best Use

Flex RnD

$4.23M

$3.70M – $4.94M (±1% cap)

NOI $296,206 @ 7.0% cap · market cap 15.59%

Second Best

Warehouse

$2.79M

$2.44M – $3.26M (±1% cap)

NOI $195,535 @ 7.0% cap · market cap 10.29%

Theoretical Best

Office A

$5.07M

$4.43M – $5.91M (±1% cap)

NOI $354,797 @ 7.0% cap · market cap 18.67%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Dental Office Electrical Service Plumbing Service Garden Center Pharmacy

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

17 ft

Clear height

6

Dock-high doors

1

Drive-in doors

Yes

Sprinkler system

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

133

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 05468, VT

13,369

Population

5,137

Households

2.6

Avg Household Size

42

Median Age

32%

College-Educated

93%

High-School Grad

62.5 sq mi

ZIP Area

214

Density / Sq Mi

$112,122

Median Household Income

$56,394

Median Earnings

$1,537

Median Rent

$340,800

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A separate office component and warehouse area support a range of industrial operations.

Where is this flex space located?

The property is located at 24 Clapper Rd Milton, VT.

What is the asking price?

The asking price for this property is $1,900,000.

What are key features of this property?

This property features: 18,479 SF total, including 2,764 SF of office and 15,715 SF of warehouse/industrial space; 17‑foot clear height in the warehouse; Six loading docks and one 14' x 14' drive‑in overhead door