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    Wooded Residential Building Lot Title is generated by Realmo AI

    3 Hummingbird Lane, Waitsfield, VT 05673

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    Claim this Listing
    For Sale
    $325,000

    LAND - Waitsfield, VT

    Lot size:
    10.10 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    86
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 3 Hummingbird Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    10.10 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    3705

    Utilities

    Utilities
    Phone Available
    Water source
    Well Needed

    We can help!

    Listing Contact
    Becky Alford

    Listing agent Becky Alford

    Listing office Ridgeline Real Estate 7997 Williston Rd., Williston, VT

    Listing date Mar 12, 2026

    MLS# 5079096 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

    • 10.1‑acre wooded parcel in the Mad River Valley, set in a private setting in Waitsfield
    • Approved building site on a level area surrounded by mature trees and Vermont landscape
    • Centrally located approved homesite with permits in place for a 4‑bedroom septic system and homesite plan
    • Centrally located brook runs along the north side of the property
    • Accessed from a private country road, with key groundwork completed
    • Phone available; well needed for water supply

    Overview

    Set on 10.1 acres of wooded land in Waitsfield, this residential parcel features a centrally located, approved building site surrounded by mature trees. The homesite is described as level and well suited for a future residence, with natural Vermont landscape framing the property. A cascading brook runs along the north side of the lot, adding a scenic, private backdrop to the setting. Groundwork is already completed, supporting a smoother path toward construction.

    Access is provided from a private country road. The listing notes that permits are in place for a four-bedroom septic system and an approved homesite plan, which can reduce permitting steps for buyers ready to move forward. The property is located just minutes from Waitsfield Village, with convenient reach to local amenities.

    For homeowners and builders planning a custom build, the combination of an approved and prepared homesite, a level area, and active septic approvals makes this parcel particularly practical for residential development. The wooded surroundings and the brook frontage may appeal to buyers seeking a private setting while still staying close to year-round outdoor recreation, including nearby trails and winter access to Mad River Glen and Sugarbush.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Waitsfield
    County
    Washington
    State
    Vermont
    Longitude
    -72.80890749
    Latitude
    44.17925602

    Nearby Similar for Sale

    • $300,000

      Waitsfield Land with Brook Frontage

      Two adjoining building lots with wastewater permits and brook frontage.
      3003 East Warren Road, Waitsfield, VT 05673
      View Details
    • $898,000

      Land For Sale

      Land available for sale.
      157 Mehuron Dr, Waitsfield, VT 05673
      View Details
    • $1,500,000

      Retail Property Near Baxter Industrial

      Retail property near many businesses and future development.
      Hwy 371 Hastings Rd, Waitsfield, VT 05673
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Approved homesite with a level building area and permits for a four-bedroom septic system.
    Where is this residential land & home lot located?
    The property is located at 3 Hummingbird Lane Waitsfield, VT.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 10.1‑acre wooded parcel in the Mad River Valley, set in a private setting in Waitsfield; Approved building site on a level area surrounded by mature trees and Vermont landscape; Centrally located approved homesite with permits in place for a 4‑bedroom septic system and homesite plan
    (802) 735-7353
    We can help!
    Listing Contact
    Becky Alford
    Request Owner's contact information
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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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