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    Converted Schoolhouse Office Building Title is generated by Realmo AI

    338 East Montpelier Road, Barre, VT 05641

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    New
    For Sale
    $490,000

    Standalone office building on VT Route 14 with ample parking and flexible workspace for professional and nonprofit uses.

    Type:Commercial
    Property size:
    4,992 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $98/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 1:55 am

    Property Features for 338 East Montpelier Road

    General Information

    Standard status
    Active
    Size
    4,992 SF
    Lot size
    1.50 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1939

    We can help!

    Listing Contact
    Yana Walder

    Listing agent Yana Walder

    Listing office Lake Point Properties, LLC

    Listing date Jun 4, 2026

    Source Threehillsres

    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 Lake Point Properties, LLC

    HighLights

    • 4,992± SF standalone office building built in 1939, originally constructed as a schoolhouse
    • 1.5‑acre site on VT Route 14 with about 380 feet of road frontage and an estimated 4,000+ vehicles passing daily
    • Two‑level layout with open work areas, private offices, conference space, kitchen and shower facilities, and multiple restrooms
    • Lower level includes office/meeting space plus a conference room, kitchenette, and full bathroom with shower
    • Paved parking for 15+ spaces, with room for additional parking and a side driveway to a concrete pad
    • Portion of the land is along Gunners Brook; property is minutes from downtown Barre and ~7 miles from Montpelier

    Overview

    Converted from a schoolhouse, this two-level commercial office building offers a practical mix of open work areas, private offices, meeting and conference space, and multiple restroom locations. The main floor includes two large open office areas, four private offices, and two restrooms. The lower level adds additional office and meeting space, a conference room, kitchenette, and a full bathroom with shower, along with generous storage and utility space. Kitchen and shower facilities support day-to-day convenience, while the overall layout provides flexibility for collaboration-focused teams or more private office configurations.

    The property sits on 1.5 acres with about 380 feet of road frontage along highly traveled VT Route 14 in Barre, with estimated 4,000+ vehicles passing daily. It includes a paved parking area with 15+ spaces and room for additional parking, plus a side driveway that leads to a concrete pad suitable for storage, outdoor workspace, or additional access. The location provides convenient regional connectivity along a key commuter route serving Barre, East Montpelier, Plainfield, and Marshfield.

    This offering is well-suited to owner-occupants and organizations seeking a standalone Central Vermont office asset with on-site parking and multiple work settings. The building’s existing mix of open areas, offices, and conference rooms can support professional services, nonprofit operations, educational or wellness-related use, or other service-based needs, subject to buyer due diligence. A portion of the land is located along Gunners Brook.
    Location Intelligence

    Current Use by Public Records

    Bates & Murray Inc Electrical Service

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom Food Market Accounting Firm HVAC Service Grocery & Convenience Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Barre
    County
    Washington
    State
    Vermont
    Longitude
    -72.4924148
    Latitude
    44.2194113

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    FAQs

    What type of property is this?
    Office building - Standalone office building on VT Route 14 with ample parking and flexible workspace for professional and nonprofit uses.
    Where is this office building located?
    The property is located at 338 East Montpelier Road Barre, VT.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: 4,992± SF standalone office building built in 1939, originally constructed as a schoolhouse; 1.5‑acre site on VT Route 14 with about 380 feet of road frontage and an estimated 4,000+ vehicles passing daily; Two‑level layout with open work areas, private offices, conference space, kitchen and shower facilities, and multiple restrooms
    (802) 999-7411
    We can help!
    Listing Contact
    Yana Walder
    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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    338 East Montpelier Road, Barre Town, VT 05641
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