Renovated Office
For Sale
$297,000
71 Allen Street, Rutland, VT 05701
Vacant, ADA-compliant office space with central air, two restrooms, and an air-lock entry foyer.
Property Size2,112 SF
Price / SF$140.63
Days on Market176
Property Features for 71 Allen Street
General Information
Standard status
Active
Size
2,112 SF
Property subtype
Commercial
Additional Details
HOA Fee
$650
Building Details
Year Built
1988
Listing Agency:
Ault Commercial Realty (RayAultVt@gmail.com)
Listed By:
Ray Ault
(802) 773-0600
Source:
Aultcommercial
Added: Apr 25
Changed: Oct 16
Last Checked: Oct 16 at 8:45AM
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 Ault Commercial Realty (RayAultVt@gmail.com)
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Investment Insights
Based on property information with market context.
This 2,112-square-foot office condominium was renovated and configured for professional occupancy. The unit includes central air, propane hot air heat, 200-amp electric service, an alarm system, two restrooms, and an air-lock entry foyer. ADA-compliant features support accessible office operations, and the space is vacant and ready for occupancy.
The condominium is located in Allen Pond Professional Park near Rutland Regional Medical Center. Constructed in 1988, the property provides a dedicated office unit within an established professional setting.
The condominium is located in Allen Pond Professional Park near Rutland Regional Medical Center. Constructed in 1988, the property provides a dedicated office unit within an established professional setting.
Key Highlights
- 2,112 sq. ft. renovated office condominium
- ADA‑compliant unit with air‑lock entry foyer
- Central air and propane hot air heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,366
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,320
$327.3K
Cap Rate 7%
$233,800
$233.8K
Cap Rate 9%
$181,844
$181.8K
Market Conditions
NOI Build-Up for 2,112 SF
Gross rent
$26.6K $12.60/SF
− Vacancy
−$4.8K −$2.27/SF
EGI
$21.8K $10.33/SF
− OpEx
−$5.5K −$2.58/SF
NOI
$16.4K $7.75/SF
Area
Rutland County, VT
Vacancy
18.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,320
Cap Rate 7%
$233,800
Cap Rate 9%
$181,844
Alternative Uses
Best Use
Office B
$233.8K
$204.6K – $272.8K
NOI $16,366 @ 7.0% cap · market cap 5.51%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$367.7K
$321.8K – $429.0K
NOI $25,741 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,086
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Vacant, ADA-compliant office space with central air, two restrooms, and an air-lock entry foyer.
Where is this office units located?
The property is located at 71 Allen Street Rutland, VT.
What is the asking price?
The asking price for this property is $297,000.
What are key features of this property?
This property features: 2,112 sq. ft. renovated office condominium; ADA‑compliant unit with air‑lock entry foyer; Central air and propane hot air heat
