Office Building with Heated
24 Pearl St Essex Junction, VT 05452
For Sale
Contact for pricing
Stand-alone office area with private offices and conference rooms connected to a heated, insulated rear warehouse with a loading dock.
Property Size4,899 SF
Price / SF$224.54
Days on Market14
Property Features for 24 Pearl St
General Information
Standard status
Active
Size
4,899 SF
Property subtype
OFFICE
Listing Agency:
V/T Commercial
(802) 343-0119
Listed By:
Tony Blake
(802) 343-0119
Source:
Moodyscre
Added: Jul 16
Changed: Jul 26
Last Checked: Jul 29 at 4:01PM
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 V/T Commercial
Investment Insights
Based on property information with market context.
This stand-alone office building is configured with an office area connected to a commercial warehouse at the rear. The office includes multiple private offices, two conference rooms, and one and a half baths, with arts-and-crafts style finishes. The office space is fully climate-controlled.
At the rear, the warehouse is heated, insulated, and well-lit, with a loading dock for deliveries and day-to-day operations. The property also has prominent frontage on Pearl Street with a large sign visible from both directions, along with easy access and ample parking.
The property is currently permitted to return to residential upstairs and commercial downstairs, with the additional back area also included in the permitted configuration.
At the rear, the warehouse is heated, insulated, and well-lit, with a loading dock for deliveries and day-to-day operations. The property also has prominent frontage on Pearl Street with a large sign visible from both directions, along with easy access and ample parking.
The property is currently permitted to return to residential upstairs and commercial downstairs, with the additional back area also included in the permitted configuration.
Key Highlights
- Stand‑alone office building with a connected rear heated, insulated warehouse and a loading dock
- Office includes multiple private offices, two conference rooms, and 1.5 baths
- Fully climate‑controlled office space with Arts & Crafts finishes
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.3k | $24.96 |
| − Vacancy | −$1.5k | −$0.30 |
| EGI | $120.8k | $24.66 |
| − OpEx | −$42.3k | −$8.63 |
| NOI | $78.5k | $16.03 |
4,899 SF · lease $24.96/SF/yr · vacancy 1.20% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.12M
$981.6K – $1.31M
NOI $78,528 @ 7.0% cap · market cap 7.14%
Second Best
Office B
$982.6K
$859.8K – $1.15M
NOI $68,782 @ 7.0% cap · market cap 6.25%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,061 @ 7.0% cap · market cap 8.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Stand-alone office area with private offices and conference rooms connected to a heated, insulated rear warehouse with a loading dock.
Where is this flex space located?
The property is located at 24 Pearl St Essex Junction, VT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Stand‑alone office building with a connected rear heated, insulated warehouse and a loading dock; Office includes multiple private offices, two conference rooms, and 1.5 baths; Fully climate‑controlled office space with Arts & Crafts finishes
