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    Mountain Airbnb Cabin Park Community Title is generated by Realmo AI

    429 Community Drive, Randolph, VT 05061

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    For Sale
    $815,000

    MULTI_FAMILY - Other - Randolph, VT

    Property size:
    1,936 SF
    Lot size:
    13.00 Acres
    Price / SF:
    $420/SF
    Added:
    Jul 15, 2025
    Days on Market:
    325
    Last Refresh:
    Jun 4 at 5:06 pm

    Property Features for 429 Community Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Rural Ag
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Bathroom 1, Bedroom 5, Bedroom 2, Bedroom 3, Bathroom 5, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 4, Bathroom 2
    Appliances
    Water Heater
    Standard status
    Active
    Size
    1,936 SF
    Lot size
    13.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    11767

    Utilities

    Utilities
    Propane
    Heating system
    Ductless (Heating), Natural Gas
    Cooling system
    Ductless, Zoned
    Water source
    Spring
    Water front
    1

    Building Details

    Year built
    2019
    Floors in Building
    1
    Number of units
    6
    Flooring type
    Wood
    Building materials
    Vinyl Exterior, Wood Exterior
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Curtis Trousdale
    Curtis Trousdale

    Listing agent Curtis Trousdale

    Listing office Preferred Properties 149 Knight Lane, Williston, VT

    Listing date Jul 15, 2025

    MLS# 5051655 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

    • 5‑lot village development totaling 13 +/- acres in South Randolph, VT
    • Four lots include log cabin park model homes; fifth lot features a yurt plus a bath house
    • Second yurt included and can be moved to a prepped area with water/sewer and power
    • Metal roof; vinyl and wood exterior; wood flooring
    • Heating includes ductless systems with natural gas; cooling is ductless and zoned
    • Gross income reported: 2023 $125,746; 2024 $116,914; 2025 $114,984 (2025 impacted by renovations and adding a cabin)

    Overview

    This offering presents a multi-lot short-term rental community built around four log cabin park model homes and two yurt accommodations. The property includes five lots totaling approximately 13+/- acres. One lot features an open grassy field along with a pond and garden area intended to support a shared community feel. A fifth lot includes a yurt and a bath house, and an additional yurt is included that the purchaser can move to a fully prepped area with water/sewer and power. The property is listed at 1,936 square feet, and the data provided also notes unused septic capacity for future expansion up to three additional bedrooms.

    The community is located at 429 Community Drive in Randolph, Vermont, in an Rural Ag zoning setting. The remarks state the lots are in the South Randolph mountain area and are just minutes from VT I-89. The seller reports that all current state/town permits, surveyed information, and utility drawings are available. Two additional lots are also available to expand the income opportunity or for a new home.

    Financial results are described in the public remarks as gross income for the development of $125,746 (2023), $116,914 (2024), and $114,984 (2025). The seller attributes the 2025 decrease to a cabin being taken offline for renovations and to the installation of an additional cabin. The property is operated with outsourced cleaning and communications, and the remarks state that self-performing those functions could increase net by more than $13K per year, based on the seller’s figures. Seller is willing to provide a transition period to explain operations.
    Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Map

    City
    Randolph
    County
    Orange
    State
    Vermont
    Longitude
    -72.58512662
    Latitude
    43.89491323

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    FAQs

    What type of property is this?
    Short term rental property - For sale multi-lot cabin and yurt rental community with multiple units on 13 acres in Randolph, VT.
    Where is this short term rental property located?
    The property is located at 429 Community Drive Randolph, VT.
    What is the asking price?
    The asking price for this property is $815,000.
    What are key features of this property?
    This property features: 5‑lot village development totaling 13 +/- acres in South Randolph, VT; Four lots include log cabin park model homes; fifth lot features a yurt plus a bath house; Second yurt included and can be moved to a prepped area with water/sewer and power
    (802) 862-9106
    We can help!
    Listing Contact
    Curtis Trousdale
    Curtis Trousdale
    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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