Single-Level Office
New
For Sale
$365,000
70 Allen Street, Rutland, VT 05701
Accessible layout includes private offices, open work areas, multiple workstations, and a kitchenette.
Property Size2,095 SF
Price / SF$174.22
Days on Market6
Property Features for 70 Allen Street
General Information
Standard status
Active
Size
2,095 SF
Property subtype
Multi-family
Amenities
handicap ramp
kitchenette
Building Details
Year Built
2000
Buildings
1
Stories
1
Construction
ranch-style
Tenancy
Single
Listing Agency:
Four Seasons Sotheby's Int'l Realty
Listed By:
Susan Bishop
(802) 774-7007
Source:
Bigislandre
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 9 at 11:38PM
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 Four Seasons Sotheby's Int'l Realty
Investment Insights
Based on property information with market context.
Built in 2000, this single-level office building contains 2,095 square feet and has a ramp for accessible entry. The interior includes private offices, open work areas, multiple workstations, and a kitchenette. It is currently configured for dental practice use.
The property is in the Hospital District. The floor plan may also be considered for residential conversion, subject to city approval; the property information notes potential single-family or multifamily layouts and a combination of business and residential use.
The property is in the Hospital District. The floor plan may also be considered for residential conversion, subject to city approval; the property information notes potential single-family or multifamily layouts and a combination of business and residential use.
Key Highlights
- 2,095‑square‑foot office building constructed in 2000
- Single‑level layout with a handicap ramp
- Private offices, open areas, multiple workstations, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,533
Cap Rate
7.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,660
$510.7K
Cap Rate 7%
$364,757
$364.8K
Cap Rate 9%
$283,700
$283.7K
Market Conditions
NOI Build-Up for 2,095 SF
Gross rent
$46.5K $22.20/SF
− Vacancy
−$4.0K −$1.89/SF
EGI
$42.6K $20.31/SF
− OpEx
−$17.0K −$8.13/SF
NOI
$25.5K $12.19/SF
Area
Rutland County, VT
Vacancy
8.50%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$510,660
Cap Rate 7%
$364,757
Cap Rate 9%
$283,700
Alternative Uses
Best Use
Healthcare Medical
$364.8K
$319.2K – $425.6K
NOI $25,533 @ 7.0% cap · market cap 7.00%
Second Best
Office B
$231.9K
$202.9K – $270.6K
NOI $16,234 @ 7.0% cap · market cap 4.45%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,059
Businesses Nearby
Explore this area
Business Placement
Demographics for 05701, VT
20,349
Population
10,528
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
93%
High-School Grad
67.7 sq mi
ZIP Area
301
Density / Sq Mi
$58,744
Median Household Income
$41,391
Median Earnings
$963
Median Rent
$202,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Accessible layout includes private offices, open work areas, multiple workstations, and a kitchenette.
Where is this office building located?
The property is located at 70 Allen Street Rutland, VT.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 2,095‑square‑foot office building constructed in 2000; Single‑level layout with a handicap ramp; Private offices, open areas, multiple workstations, and a kitchenette
