Storefront
For Sale
Contact for pricing
365 Riverside Ave, Burlington, VT 05401
The building may be repositioned for restaurant, bakery, service, or office use.
Property Size2,980 SF
Price / SF$218.12
Days on Market11
Property Features for 365 Riverside Ave
General Information
Standard status
Active
Size
2,980 SF
Property subtype
RETAIL
Listing Agency:
Donahue & Associates
(802) 324-0937
Listed By:
Steve Donahue · License #0810004508
(802) 324-0937
Source:
Moodyscre
Added: Aug 20
Changed: Aug 29
Last Checked: Aug 29 at 4:10PM
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 Donahue & Associates
Investment Insights
Based on property information with market context.
This 2,980-square-foot storefront building is offered for sale at 365 Riverside Ave in Burlington, Vermont. The property is presented as a candidate for repositioning to accommodate a new business concept.
Potential redevelopment scenarios identified for the building include a restaurant, coffee shop, bakery, service business, or insurance office. Its existing storefront format provides a base for evaluating these commercial uses and other business configurations.
Potential redevelopment scenarios identified for the building include a restaurant, coffee shop, bakery, service business, or insurance office. Its existing storefront format provides a base for evaluating these commercial uses and other business configurations.
Key Highlights
- 2,980‑square‑foot storefront building
- Located at 365 Riverside Ave, Burlington, VT 05401
- Potential conversion to restaurant, coffee shop, or bakery
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
$43,706
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
6.72%
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%
$874,120
$874.1K
Cap Rate 7%
$624,371
$624.4K
Cap Rate 9%
$485,622
$485.6K
Market Conditions
NOI Build-Up for 2,980 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
$64.4K $21.60/SF
− Vacancy
−$1.9K −$0.65/SF
EGI
$62.4K $20.95/SF
− OpEx
−$18.7K −$6.29/SF
NOI
$43.7K $14.67/SF
Area
Chittenden County, VT
Vacancy
3.00%
Lease Rate
$21.60 /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%
$874,120
Cap Rate 7%
$624,371
Cap Rate 9%
$485,622
Alternative Uses
Best Use
Retail
$624.4K
$546.3K – $728.4K
NOI $43,706 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$817.4K
$715.2K – $953.6K
NOI $57,216 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,058
Businesses Nearby
19k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Home Improvements & Furnishings 1%
Cumberland Farms
Shops & Services
11,914 visits/mo
0.2 miles
Shell
Shops & Services
4,812 visits/mo
0.3 miles
U-Haul Of Burlington
Shops & Services
1,255 visits/mo
0.2 miles
VIP Tires & Service
Shops & Services
1,151 visits/mo
0.4 miles
Johnstone Supply
Home Improvements & Furnishings
112 visits/mo
0.4 miles
Demographics for 05401, VT
32,059
Population
13,898
Households
2.3
Avg Household Size
28
Median Age
63%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
5,256
Density / Sq Mi
$60,532
Median Household Income
$23,422
Median Earnings
$1,614
Median Rent
$463,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - The building may be repositioned for restaurant, bakery, service, or office use.
Where is this storefront property located?
The property is located at 365 Riverside Ave Burlington, 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: 2,980‑square‑foot storefront building; Located at 365 Riverside Ave, Burlington, VT 05401; Potential conversion to restaurant, coffee shop, or bakery
