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    Poultney Village Commercial Opportunity Title is generated by Realmo AI

    253 Main Street, Poultney, VT 05764

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    For Sale
    $290,000

    Commercial For Sale - Poultney, VT

    Lot size:
    0.11 Acres
    Added:
    Jun 19, 2025
    Days on Market:
    327
    Last Refresh:
    May 11 at 7:06 pm

    Property Features for 253 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Village Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Forced Air, Oil, Propane (Heating)

    Building Details

    Year built
    1880
    Number of units
    5
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Joshua Lemieux

    Listing agent Joshua Lemieux

    Listing office RE/MAX Summit 135 North Main Street Ste. 8, Mendon, VT

    Listing date Jun 19, 2025

    MLS# 5047496 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

    • Prime location in the Main Street Business District of Poultney Village.
    • Proximity to Green Mountain College provides a consistent customer base and rental demand.
    • Proven rental history with a mix of commercial and residential units.
    • Long‑term tenant (Perry's Restaurant) with an extended lease.
    • Multiple income streams from restaurant and four rental units.
    • Potential for increased business due to possible new large business moving into the GMC complex.

    Overview

    Located in the Main Street Business District of Poultney Village, this property presents an opportunity with a restaurant and rental units. Situated one block from Green Mountain College, the location is suitable for both restaurant patronage and residential rentals. The building has a rental history. The first floor front unit is leased to Perry's Restaurant (1586 sq ft). The back first floor unit (650 sq ft) is currently a residential unit but has previously been used as a business office. The second floor houses three apartments: a 1-bedroom, 1-bath unit (650 sq ft), and two 2-bedroom, 1-bath units (806 sq ft and 910 sq ft). The property is zoned Village Commercial and sits on a 0.11-acre lot. There is a possibility of a new large business moving into the GMC complex. All residential units are heated by individually metered propane, and the restaurant is heated by oil. The property is located in Rutland County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Perry’s Main Street ... Restaurant

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Poultney
    County
    Rutland
    State
    Vermont
    Longitude
    -73.237809
    Latitude
    43.5168461

    Nearby Similar for Sale

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    • $475,000

      Mixed-Use Building with Living Space

      Office space with potential for residential conversion or rental income.
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    • $399,000
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    FAQs

    What type of property is this?
    Conventional restaurant - Main Street commercial building with restaurant and residential units.
    Where is this conventional restaurant located?
    The property is located at 253 Main Street Poultney, VT.
    What is the asking price?
    The asking price for this property is $290,000.
    What are key features of this property?
    This property features: Prime location in the Main Street Business District of Poultney Village.; Proximity to Green Mountain College provides a consistent customer base and rental demand.; Proven rental history with a mix of commercial and residential units.
    (802) 772-0670
    We can help!
    Listing Contact
    Joshua Lemieux
    Real Estate License ID: 81.0133976
    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.

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