Four-Bay Auto
For Sale
Contact for pricing
38 Jericho Rd, Essex Junction, VT 05452
Automotive service bays are paired with office space in a commercial property.
Property Size2,500 SF
Price / SF$276
Days on Market62
Property Features for 38 Jericho Rd
General Information
Standard status
Active
Size
2,500 SF
Property subtype
INDUSTRIAL
Listing Agency:
V/T Commercial
(802) 864-2000
Listed By:
Tony Blake
(802) 343-0119
Source:
Moodyscre
Added: Aug 14
Changed: Oct 12
Last Checked: Oct 12 at 4:35PM
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.
Located at 38 Jericho Rd in Essex Junction, Vermont, the property includes a 2,500-square-foot automotive building configured with four service bays and office space. The layout supports continued automotive use and provides a defined commercial structure for an owner-occupant.
The site is subject to active environmental testing and management associated with its prior use as a gas station. Any future plans should account for that ongoing process and the property’s documented site history.
The site is subject to active environmental testing and management associated with its prior use as a gas station. Any future plans should account for that ongoing process and the property’s documented site history.
Key Highlights
- 2,500‑square‑foot automotive property
- Four service bays with office space
- Active environmental testing and management currently in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,666
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$733,320
$733.3K
Cap Rate 7%
$523,800
$523.8K
Cap Rate 9%
$407,400
$407.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$1.6K −$0.65/SF
EGI
$52.4K $20.95/SF
− OpEx
−$15.7K −$6.29/SF
NOI
$36.7K $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 Rate 5%
$733,320
Cap Rate 7%
$523,800
Cap Rate 9%
$407,400
Alternative Uses
Best Use
Retail
$523.8K
$458.3K – $611.1K
NOI $36,666 @ 7.0% cap · market cap 5.31%
Second Best
Industrial
$326.0K
$285.3K – $380.4K
NOI $22,823 @ 7.0% cap · market cap 3.31%
Theoretical Best
Office A
$685.7K
$600.0K – $800.0K
NOI $48,000 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
103
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 05452, VT
22,153
Population
9,808
Households
2.3
Avg Household Size
41
Median Age
54%
College-Educated
95%
High-School Grad
40.4 sq mi
ZIP Area
548
Density / Sq Mi
$97,697
Median Household Income
$55,997
Median Earnings
$1,463
Median Rent
$404,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Maverick — 38 Jericho Rd, Essex Junction, VT 05452
- Classic Bike Experience — 104 Center Rd, Essex Junction, VT 05452
- Jeff Potvin Automotive — 104 Center Rd, Essex Junction, VT 05452
- Frank's Motorcycle Sales & Services — 120 Center Rd, Essex Junction, VT 05452
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service bays are paired with office space in a commercial property.
Where is this auto shop located?
The property is located at 38 Jericho Rd Essex Junction, VT.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: 2,500‑square‑foot automotive property; Four service bays with office space; Active environmental testing and management currently in place
