Mixed-Use Property with Office
For Sale
$574,000
5465 Us Route 4, Killington, VT 05751
Mixed-use zoning supports residential and commercial configurations, with a separate upstairs entrance and basement storage.
Property Size2,900 SF
Price / SF$197.93
Days on Market82
Property Features for 5465 Us Route 4
General Information
Standard status
Active
Size
2,900 SF
Property subtype
Commercial
Zoning
r
Taxes and HOA fees
Annual Taxes
$9,074
Building Details
Year Built
1983
Listing Agency:
OwnerEntry.com
(617) 542-9300
Listed By:
Dave White · License #9069443
Source:
Thepaulmartinteam
Added: Jun 10
Changed: Aug 29
Last Checked: Aug 29 at 9:07PM
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 OwnerEntry.com
Investment Insights
Based on property information with market context.
Built in 1983, this 2,900-square-foot mixed-use property is currently arranged as four offices. The zoning supports residential and/or commercial use, while existing approvals allow a residential configuration with up to five bedrooms accommodating 10 occupants. A separate entrance serves the upper level, creating flexibility for a duplex arrangement.
The property is located at 5465 US Route 4 in Killington, approximately two minutes from Killington Resort’s Skyeship Gondola. A level driveway provides access and parking for 10 vehicles, and the full basement adds substantial storage space. The combination of office configuration, residential-use potential, separate upper-level access, and on-site parking creates several practical layout options within the existing building.
The property is located at 5465 US Route 4 in Killington, approximately two minutes from Killington Resort’s Skyeship Gondola. A level driveway provides access and parking for 10 vehicles, and the full basement adds substantial storage space. The combination of office configuration, residential-use potential, separate upper-level access, and on-site parking creates several practical layout options within the existing building.
Key Highlights
- 2,900‑square‑foot mixed‑use property built in 1983
- Currently configured with 4 offices
- Zoning allows residential and/or commercial use
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
$23,490
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
4.09%
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%
$469,800
$469.8K
Cap Rate 7%
$335,571
$335.6K
Cap Rate 9%
$261,000
$261.0K
Market Conditions
NOI Build-Up for 2,900 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
$41.8K $14.40/SF
− Vacancy
−$4.2K −$1.44/SF
EGI
$37.6K $12.96/SF
− OpEx
−$14.1K −$4.86/SF
NOI
$23.5K $8.10/SF
Area
Rutland County, VT
Vacancy
10.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
37.50%
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%
$469,800
Cap Rate 7%
$335,571
Cap Rate 9%
$261,000
Alternative Uses
Best Use
Mixed Use
$335.6K
$293.6K – $391.5K
NOI $23,490 @ 7.0% cap · market cap 4.09%
Second Best
Office B
$321.0K
$280.9K – $374.5K
NOI $22,472 @ 7.0% cap · market cap 3.91%
Theoretical Best
Healthcare Medical
$504.9K
$441.8K – $589.1K
NOI $35,345 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
89
Businesses Nearby
Explore this area
Business Placement
Demographics for 05751, VT
1,415
Population
2,759
Households
0.5
Avg Household Size
46
Median Age
48%
College-Educated
100%
High-School Grad
46.7 sq mi
ZIP Area
30
Density / Sq Mi
$71,538
Median Household Income
$45,781
Median Earnings
$1,125
Median Rent
$477,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use zoning supports residential and commercial configurations, with a separate upstairs entrance and basement storage.
Where is this mixed-use property located?
The property is located at 5465 Us Route 4 Killington, VT.
What is the asking price?
The asking price for this property is $574,000.
What are key features of this property?
This property features: 2,900‑square‑foot mixed‑use property built in 1983; Currently configured with 4 offices; Zoning allows residential and/or commercial use
