Downtown Office Redevelopment
87 COLLEGE ST Burlington, VT 05401
87 COLLEGE ST, Burlington, VT, 05401
Contact for pricing
For Sale
Contact for pricing
Historic brick office buildings on College Street offer professional suites, natural light, and dedicated parking.
Property Size6,710 SF
Lot Size0.25 Acres
Price / SF$207.90
Days on Market37
Property Features for 87 COLLEGE ST
General Information
- Standard status
- Active
- Size
- 6,710 SF
- Lot size
- 0.25 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1920
Listing agency
Nedde Real Estate
(802) 777-0732
Listed by
Jaeger Nedde · License #VT 082.0134772
Source
Crexi
Added: Jun 16 Updated: Jul 21 at 7:53PM Checked: Jul 21 at 7:53PM
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 Nedde Real Estate
Investment Insights
Based on property information with market context.
Located in downtown Burlington, this mixed-use office property is split between two structures at 87–91 College Street. 87 College is a historic brick building built in the early 1900s, and the sellers own the lower two levels. 91 College was constructed around 1920 and is owned entirely by the sellers.
The existing improvements include professional office suites with functional layouts and natural light, along with dedicated parking. The site is described as approximately 10,824 SF and is supported by Downtown zoning, with future expansion or redevelopment possibilities.
This is a for-sale offering that combines two historic office buildings with an urban redevelopment pathway in a walkable, business-oriented area.
The existing improvements include professional office suites with functional layouts and natural light, along with dedicated parking. The site is described as approximately 10,824 SF and is supported by Downtown zoning, with future expansion or redevelopment possibilities.
This is a for-sale offering that combines two historic office buildings with an urban redevelopment pathway in a walkable, business-oriented area.
Key Highlights
- Mixed‑use investment/redevelopment opportunity at 87–91 College St in downtown Burlington
- Historic brick building at 87 College built in the early 1900s; sellers own the lower two levels
- 91 College built around 1920 and owned entirely by sellers
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $161.0k | $24.00 |
| − Vacancy | −$35.4k | −$5.28 |
| EGI | $125.6k | $18.72 |
| − OpEx | −$31.4k | −$4.68 |
| NOI | $94.2k | $14.04 |
6,710 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,208 @ 7.0% cap · market cap 6.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.84M
$1.61M – $2.15M
NOI $128,832 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Deep Dish Creative
Marketing & Advertising
Anderson Kill & Olick ...
Law Firm
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Historic brick office buildings on College Street offer professional suites, natural light, and dedicated parking.
Where is this office building located?
The property is located at 87 COLLEGE ST Burlington, VT.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Mixed‑use investment/redevelopment opportunity at 87–91 College St in downtown Burlington; Historic brick building at 87 College built in the early 1900s; sellers own the lower two levels; 91 College built around 1920 and owned entirely by sellers
