Historic Office Building Corner
For Sale
$695,000
8031 Williston Road, Williston, VT 05495
Historic office building with multiple private offices, reception areas, three restrooms, and an attached barn for storage.
Property Size3,300 SF
Lot Size0.54 Acres
Price / SF$210.61
Days on Market196
Property Features for 8031 Williston Road
General Information
Standard status
Active
Size
3,300 SF
Total Parking Spaces
14
Lot size
0.54 Acres
Property subtype
Commercial
Zoning
Village Zoning
Site & Location
Traffic Count
11,000 vehicles/day
Highway Access
Yes
Building Details
Year Built
1790
Listing Agency:
Lake Point Properties,LLC
Listed By:
Yana Walder
(802) 862-6677
Source:
Buyvtrealestate
Added: Feb 20
Changed: Sep 2
Last Checked: Sep 4 at 10:45AM
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 Lake Point Properties,LLC
Investment Insights
Based on property information with market context.
This historic office building is situated on a prominent corner lot along US Route 2. The property includes multiple private offices, reception and waiting areas, and three restrooms, along with hardwood floors and fireplaces. An attached barn provides additional on-site storage.
The building is set on approximately 0.54 acres and served by municipal water and sewer, with natural gas available. Onsite parking accommodates 14+ vehicles. Public remarks also note excellent visibility with approximately 11,000 vehicles passing daily.
Village zoning allows a variety of professional, educational, healthcare, and service-related uses, supporting flexible occupancy options for qualifying tenants or owner-occupants.
The building is set on approximately 0.54 acres and served by municipal water and sewer, with natural gas available. Onsite parking accommodates 14+ vehicles. Public remarks also note excellent visibility with approximately 11,000 vehicles passing daily.
Village zoning allows a variety of professional, educational, healthcare, and service-related uses, supporting flexible occupancy options for qualifying tenants or owner-occupants.
Key Highlights
- Historic professional office building (built 1790) with approx. 3,300 SF on a prominent corner lot on US Route 2
- Multiple private offices plus reception/waiting areas, hardwood floors, and fireplaces
- Three restrooms and attached barn providing additional storage
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
$46,332
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
6.67%
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%
$926,640
$926.6K
Cap Rate 7%
$661,886
$661.9K
Cap Rate 9%
$514,800
$514.8K
Market Conditions
NOI Build-Up for 3,300 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
$79.2K $24.00/SF
− Vacancy
−$17.4K −$5.28/SF
EGI
$61.8K $18.72/SF
− OpEx
−$15.4K −$4.68/SF
NOI
$46.3K $14.04/SF
Area
Chittenden County, VT
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$926,640
Cap Rate 7%
$661,886
Cap Rate 9%
$514,800
Alternative Uses
Best Use
Office B
$661.9K
$579.2K – $772.2K
NOI $46,332 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$905.1K
$792.0K – $1.06M
NOI $63,360 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
138
Businesses Nearby
Explore this area
Business Placement
Demographics for 05495, VT
10,897
Population
5,070
Households
2.1
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
34.3 sq mi
ZIP Area
318
Density / Sq Mi
$105,768
Median Household Income
$60,590
Median Earnings
$1,752
Median Rent
$431,600
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?
Office building - Historic office building with multiple private offices, reception areas, three restrooms, and an attached barn for storage.
Where is this office building located?
The property is located at 8031 Williston Road Williston, VT.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Historic professional office building (built 1790) with approx. 3,300 SF on a prominent corner lot on US Route 2; Multiple private offices plus reception/waiting areas, hardwood floors, and fireplaces; Three restrooms and attached barn providing additional storage
