Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Development Land Title is generated by Realmo AI

    3438 US Route 2, Danville, VT 05873

    View on Map
    Claim this Listing
    For Sale
    $650,000

    LAND - Danville, VT

    Lot size:
    20.23 Acres
    Added:
    May 10, 2025
    Days on Market:
    392
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 3438 US Route 2

    General Information

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

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2326

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Ernest Begin

    Listing agent Ernest Begin

    Listing office Begin Realty Associates 309 Portland Street, St. Johnsbury, VT

    Listing date May 10, 2025

    MLS# 5040304 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

    • Mostly open lot with views to the east
    • Within walking distance of the Village of Danville
    • Public water and sewer available
    • Electricity and cable available roadside
    • Part of the frontage is zoned commercial (Lot #1 on the survey); other portion not included

    Overview

    This offering is a residential land parcel totaling 20.23 acres, described as mostly open with views to the east. The property is presented as an ideal site for housing development, with utilities available at or near the roadside including electricity and cable. Town water and sewer are also available, supporting residential build-out.

    The parcel is located within walking distance of the Village of Danville. A portion of the frontage is zoned commercial, identified as Lot #1 on the survey; that commercial lot is not included as part of this offering. The property is served via US Route 2 frontage.

    For developers and land buyers, the combination of mostly open acreage, eastward views, and availability of town water and sewer can simplify early feasibility and site planning for a residential project. Prospective buyers should review the survey details regarding the excluded Lot #1 commercial frontage to confirm boundary and zoning considerations for their intended layout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Danville
    County
    Caledonia
    State
    Vermont
    Longitude
    -72.1353313
    Latitude
    44.4136911

    Nearby Similar for Sale

    • $375,000

      Restaurant Building with Commercial Kitchen

      Village restaurant property with two-level dining, a commercial kitchen, covered deck, and an additional detached small house.
      46 Hill Street, Danville, VT 05828
      View Details
    • $395,000

      Danville Restaurant and Inn

      Established Vermont restaurant and inn in Danville Village.
      86 Route 2, Danville, VT 05828
      View Details
    • $529,000

      Recreational Land with Road Frontage

      121 acres of Vermont land with road frontage and rail-trail access for outdoor use and future development.
      Walden Hill Road lot: 2, Danville, VT 05828
      View Details
    • $275,000

      Recreational Agricultural Land Parcel

      74-acre Danville parcel with open and wooded land, a pole barn, pond, and fenced field for animals.
      2325 Keiser Pond Road, Danville, VT 05873
      View Details
    • $59,900

      Danville, VT Land For Sale

      11.3 acre lot near Joes Pond and Lamoille Valley Rail Trail.
      On US Route 2 W, Danville, VT 05828
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Mostly open land near Danville with town water and sewer available for residential development.
    Where is this residential land & home lot located?
    The property is located at 3438 US Route 2 Danville, VT.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Mostly open lot with views to the east; Within walking distance of the Village of Danville; Public water and sewer available
    (802) 748-2045
    We can help!
    Listing Contact
    Ernest Begin
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3438 US Route 2, Danville, VT 05873
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!