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    Standalone Office and Flex Facility Title is generated by Realmo AI

    668 Prouty Drive, Derby, VT 05829

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    COMMERCIAL - Derby, VT

    Property size:
    4,000 SF
    Lot size:
    0.75 Acres
    Added:
    Jun 12, 2025
    Days on Market:
    357
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 668 Prouty Drive

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Derby
    Rooms
    Basement
    Standard status
    Active
    Lot size
    0.75 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air, Oil
    Water source
    Well

    Building Details

    Year built
    1985
    Roof type
    Metal

    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 Jun 12, 2025

    MLS# 5046264

    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 4,000+ SF building for lease built in 1985 on a .75‑acre corner lot with ample signage
    • Main level features 2,046 SF with a large open room (8'–14' ceilings), two offices, front entrance, and storage
    • Below‑grade lower level is mostly finished with a large open room, small kitchenette, two offices, 2 bathrooms, and utility room
    • Parking and large lawn area on‑site for tenant use
    • Zoning supports conditional uses including clinic, function hall, church, residential care home, private school, recreation, public facility, restaurant, and senior housing
    • NNN lease: $2,500/month base rent; tenant responsible for property taxes, insurance, heat, electric, etc.

    Overview

    This standalone commercial building offers a main level with 2,046 square feet, including a large open room with 8'–14' ceilings, two offices, a front entrance, and storage areas. The below-grade lower level is mostly finished and includes a large open room, a small kitchenette, two offices, two bathrooms, and a utility room.

    The property sits on a highly visible corner lot in Derby, Vermont, with a large open lot of 0.75 acres. A substantial parking area, lawn space, and ample signage are included.

    The space is available for a long-term lease under a NNN structure, with the tenant responsible for property taxes, insurance, heat, electric, and related operating expenses. The listed zoning supports conditional uses such as a clinic, function hall, church, residential care home, private school, recreation, public facility, restaurant, and senior housing, among others, making the building suitable for office users and other conditional-use operators seeking a flexible layout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office buildings

    Map

    City
    Derby
    County
    Orleans
    State
    Vermont
    Longitude
    -72.1906894
    Latitude
    44.9529163

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    FAQs

    What type of property is this?
    Office building - Standalone corner-lot building with mostly finished lower level, multiple offices, and on-site parking for a range of conditional uses.
    Where is this office building located?
    The property is located at 668 Prouty Drive Derby, VT.
    What are key features of this property?
    This property features: Standalone 4,000+ SF building for lease built in 1985 on a .75‑acre corner lot with ample signage; Main level features 2,046 SF with a large open room (8'–14' ceilings), two offices, front entrance, and storage; Below‑grade lower level is mostly finished with a large open room, small kitchenette, two offices, 2 bathrooms, and utility room
    (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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