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    Well-Maintained Office Building on Highland Title is generated by Realmo AI

    41 Highland Ave, Newport, VT 05855

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    For Sale
    $200,000

    Office building with high visibility, parking, and development potential.

    Property size:
    1,524 SF
    Lot size:
    0.36 Acres
    Price / SF:
    $131/SF
    Added:
    Oct 9, 2025
    Days on Market:
    233
    Last Refresh:
    May 25 at 10:59 pm

    Property Features for 41 Highland Ave

    General Information

    Standard status
    Active
    Size
    1,524 SF
    Lot size
    0.36 Acres

    We can help!

    Listing Contact
    Dexter Degre

    Listing agent Dexter Degre

    Listing office Jim Campbell Real Estate

    Listing date Oct 9, 2025

    Source Exprealty

    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 Jim Campbell Real Estate

    HighLights

    • Highly visible location on VT Route 105 with commercial signage opportunity
    • Abundant paved parking with front visitor lot and rear employee lot with access ramp
    • Two‑level office building with 1524+\/- SF, including finished main floor space with bright natural light
    • Versatile building suitable for various uses, including office relocation, business expansion, or residential conversion
    • Includes an additional 0.16 acre parcel on the north side of Highland Ave (SPAN 435‑136‑14868)
    • NEW EXTERIOR PAINT!

    Overview

    This well-maintained office building is situated in a highly visible location on 41 Highland Ave in Newport City, Vermont, along Route 105. The 0.20-acre parcel features landscaping and paved parking, including a front visitor lot and a rear employee lot with an access ramp. The 1524+/- SF building has two levels. The main floor offers 788+/- SF of finished space with natural light, a large open area suitable for reception and work stations, and two private offices (one of which could serve as a conference room), and a wall A/C unit. The 736+/- SF lower level includes two private offices, a laundry room with a deep sink, a private room with a shower, a private half-bathroom, and a utility room. The building is suitable for relocating a business or moving an office out of a home to gain visibility on a major road. All uses will be considered, and the building could also be converted into residential. The property includes a 0.16-acre parcel on the north side of Highland Ave, offering potential for development, although it is steeply sloped. The listing price reflects deferred maintenance on the main floor windows (moisture seals).
    Location Intelligence

    Current Use by Public Records

    Cold Hollow Veterinary ... Veterinary Clinic

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport
    County
    Washington
    State
    Vermont
    Longitude
    -72.2177364
    Latitude
    44.9312759

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    FAQs

    What type of property is this?
    Office building - Office building with high visibility, parking, and development potential.
    Where is this office building located?
    The property is located at 41 Highland Ave Newport, VT.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Highly visible location on VT Route 105 with commercial signage opportunity; Abundant paved parking with front visitor lot and rear employee lot with access ramp; Two‑level office building with 1524+\/- SF, including finished main floor space with bright natural light
    (303) 854-7083
    We can help!
    Listing Contact
    Dexter Degre
    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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