Building Details

Building Size 72,111 SF

Tenancy Single

Listing Agency: V/T Commercial Show Phone

Listed By: Tony Blake · License #081.0003300 Show Phone

Source: Moodyscre

Added: Sep 3 Changed: Oct 10 Last Checked: Oct 23 at 5:02AM

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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.

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 / Yr

$658,310

Cap Rate

8.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$13,166,200 $13.2M

Cap Rate 7%

$9,404,429 $9.4M

Cap Rate 9%

$7,314,556 $7.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 72,111 SF

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 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 (±1% cap)

NOI $763,041 @ 7.0% cap · market cap 9.31%

Second Best

Industrial

$9.40M

$8.23M – $10.97M (±1% cap)

NOI $658,310 @ 7.0% cap · market cap 8.03%

Theoretical Best

Office A

$19.78M

$17.31M – $23.08M (±1% cap)

NOI $1,384,531 @ 7.0% cap · market cap 16.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Electrical Service Plumbing Service Garden Center Pharmacy Parking Lot & Garage Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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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