Former Bank
For Sale
Contact for pricing
Pending
27 E Allen St, Winooski, VT 05404
Located along a major thoroughfare near Interstate 89 and the Winooski traffic circle.
Property Size2,134 SF
Days on Market220
Property Features for 27 E Allen St
General Information
Standard status
Pending
Size
2,134 SF
Property subtype
RETAIL
Listing Agency:
V/T Commercial
(802) 343-0119
Listed By:
Tony Blake
(802) 343-0119
Source:
Moodyscre
Added: Jan 22
Changed: Aug 29
Last Checked: Aug 29 at 5:10PM
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 2,134-square-foot former bank building is positioned on a major thoroughfare in Winooski, Vermont. The property sits just off the Winooski traffic circle and along a route connecting to Interstate 89, placing the building within an active, highly visible commercial setting.
More than 13,000 cars pass the property each day, while recently renovated sidewalks support pedestrian activity from local residents and visitors. The surrounding Winooski area includes restaurants, craft breweries, cafés, local markets, historic brick mill buildings, and the Winooski River.
More than 13,000 cars pass the property each day, while recently renovated sidewalks support pedestrian activity from local residents and visitors. The surrounding Winooski area includes restaurants, craft breweries, cafés, local markets, historic brick mill buildings, and the Winooski River.
Key Highlights
- 2,134‑square‑foot former bank building
- More than 13,000 cars pass the property each day
- Positioned on a major thoroughfare near Interstate 89
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,725
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$694,500
$694.5K
Cap Rate 7%
$496,071
$496.1K
Cap Rate 9%
$385,833
$385.8K
Market Conditions
NOI Build-Up for 2,134 SF
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.
Gross rent
$46.9K $21.96/SF
− Vacancy
−$562 −$0.26/SF
EGI
$46.3K $21.70/SF
− OpEx
−$11.6K −$5.42/SF
NOI
$34.7K $16.27/SF
Area
Chittenden County, VT
Vacancy
1.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$694,500
Cap Rate 7%
$496,071
Cap Rate 9%
$385,833
Alternative Uses
Best Use
Specialty Retail
$496.1K
$434.1K – $578.8K
NOI $34,725 @ 7.0% cap · market cap 4.21%
Second Best
Retail
$447.1K
$391.2K – $521.6K
NOI $31,298 @ 7.0% cap · market cap 3.79%
Theoretical Best
Office A
$585.3K
$512.2K – $682.9K
NOI $40,973 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
TD Bank
Shops & Services
4,254 visits/mo
0.1 miles
Shell
Shops & Services
2,553 visits/mo
0.4 miles
Gulf Oil
Shops & Services
2,033 visits/mo
0.2 miles
VIP Tires & Service
Shops & Services
1,151 visits/mo
0.4 miles
Demographics for 05404, VT
7,981
Population
3,952
Households
2
Avg Household Size
34
Median Age
56%
College-Educated
92%
High-School Grad
1.4 sq mi
ZIP Area
5,701
Density / Sq Mi
$77,020
Median Household Income
$42,254
Median Earnings
$1,635
Median Rent
$350,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Located along a major thoroughfare near Interstate 89 and the Winooski traffic circle.
Where is this bank located?
The property is located at 27 E Allen St Winooski, VT.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,134‑square‑foot former bank building; More than 13,000 cars pass the property each day; Positioned on a major thoroughfare near Interstate 89
