High-Bay Distribution
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33 Catamount Dr, Milton, VT 05468
Single-tenant industrial facility with loading docks, a drive-in door, and mezzanine space.
Property Size72,111 SF
Price / SF$113.71
Days on Market5
Property Features for 33 Catamount Dr
General Information
Standard status
Active
Size
72,111 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Warehouse Space
72,111 SF
Building Details
Building Size
72,111 SF
Tenancy
Single
Listing Agency:
V/T Commercial
(802) 864-2000
Listed By:
Tony Blake
(802) 343-0119
Source:
Moodyscre
Added: Sep 3
Changed: Sep 6
Last Checked: Sep 7 at 6:09AM
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 72,111-square-foot distribution center at 33 Catamount Dr includes high-bay warehouse space, a structural mezzanine, loading docks, and a drive-in door. The building also contains limited office and meeting areas, with capacity for future expansion. Its configuration supports continued industrial operations or owner occupancy.
The property is located within Catamount Industrial Park in Milton, Vermont, approximately 1.5 miles from Interstate 89 exit 17. Genfoot America currently occupies the single-tenant facility under a lease extending through July 31, 2027.
The property is located within Catamount Industrial Park in Milton, Vermont, approximately 1.5 miles from Interstate 89 exit 17. Genfoot America currently occupies the single-tenant facility under a lease extending through July 31, 2027.
Key Highlights
- 72,111‑square‑foot high‑bay warehouse and mezzanine
- Structural mezzanine with limited office and meeting areas
- Loading docks plus a drive‑in door
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
$658,310
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
8.03%
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%
$13,166,200
$13.2M
Cap Rate 7%
$9,404,429
$9.4M
Cap Rate 9%
$7,314,556
$7.3M
Market Conditions
NOI Build-Up for 72,111 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
$951.9K $13.20/SF
− Vacancy
−$11.4K −$0.16/SF
EGI
$940.4K $13.04/SF
− OpEx
−$282.1K −$3.91/SF
NOI
$658.3K $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 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%
$13,166,200
Cap Rate 7%
$9,404,429
Cap Rate 9%
$7,314,556
Alternative Uses
Best Use
Warehouse
$10.90M
$9.54M – $12.72M
NOI $763,041 @ 7.0% cap · market cap 9.31%
Second Best
Industrial
$9.40M
$8.23M – $10.97M
NOI $658,310 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$19.78M
$17.31M – $23.08M
NOI $1,384,531 @ 7.0% cap · market cap 16.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
102
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Single-tenant industrial facility with loading docks, a drive-in door, and mezzanine space.
Where is this distribution center located?
The property is located at 33 Catamount Dr Milton, VT.
What is the asking price?
The asking price for this property is $8,200,000.
What are key features of this property?
This property features: 72,111‑square‑foot high‑bay warehouse and mezzanine; Structural mezzanine with limited office and meeting areas; Loading docks plus a drive‑in door
