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    Standalone Office Building Title is generated by Realmo AI

    615 E Main Street, Newport City, VT 05855

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    COMMERCIAL - Newport City, VT

    Lot size:
    0.19 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    71
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 615 E Main Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Newport City
    Rooms
    Basement
    Standard status
    Active
    Lot size
    0.19 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1938
    Building materials
    Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Ryan Pronto
    Ryan Pronto

    Listing agent Ryan Pronto License #0810063392

    Listing office Jim Campbell Real Estate 601 East Main Street, Newport, VT

    Listing date Mar 25, 2026

    MLS# 5080710

    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

    • Standalone commercial office building built in 1938 on highly traveled East Main St / VT Route 105 in Newport City
    • Layout includes 4 private offices and a reception area; main level also has a full kitchen/breakroom, full bath, and separate laundry room
    • Second floor offers 2 additional private offices for flexible workspace
    • Full basement provides storage; includes a large rear deck and vinyl siding with a shingle roof
    • On‑site parking for 5+ vehicles with easy in‑and‑out access
    • Recently updated interior with fresh paint and refinished flooring; high‑speed Xfinity internet available; water source is public and cable is available

    Overview

    This standalone commercial office building is available for immediate occupancy and has been recently updated with fresh paint and refinished flooring. The main level features a spacious reception area with a fireplace, two large private offices, a full kitchen/breakroom, a full bathroom, and a separate laundry room. The second floor provides two additional private offices for flexible workspace arrangements. A full basement offers storage, and the property also includes a large rear deck.

    The building is located on highly traveled East Main Street/VT Route 105 in Newport City, providing visibility and exposure along the main corridor. On-site parking is available for 5+ vehicles, with easy access in and out of the property.

    Designed for professional office use, the layout supports both client-facing and day-to-day administrative needs, with a welcoming reception area and multiple private offices across two levels. High-speed Xfinity internet is available. The landlord covers real estate taxes and building insurance, while the tenant is responsible for heat, electricity, water/sewer, mowing, plowing, trash removal, and communication services.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Newport City
    County
    Orleans
    State
    Vermont
    Longitude
    -72.19142154
    Latitude
    44.94336681

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    FAQs

    What type of property is this?
    Office building - Updated office building on heavily traveled East Main Street with multiple private offices, reception space, and on-site parking.
    Where is this office building located?
    The property is located at 615 E Main Street Newport City, VT.
    What are key features of this property?
    This property features: Standalone commercial office building built in 1938 on highly traveled East Main St / VT Route 105 in Newport City; Layout includes 4 private offices and a reception area; main level also has a full kitchen/breakroom, full bath, and separate laundry room; Second floor offers 2 additional private offices for flexible workspace
    (802) 334-3400
    We can help!
    Listing Contact
    Ryan Pronto
    Ryan Pronto
    Real Estate License ID: 0810063392
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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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