Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Storage Facility with Offices Title is generated by Realmo AI

    59 Harwood HILL Road, Bennington, VT 05201

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Climate-controlled storage and office building on 0.62 acres.

    Type:Office, Self Storage
    Property size:
    12,000 SF
    Lot size:
    0.62 Acres
    Price / SF:
    $54/SF
    Added:
    Sep 21, 2021
    Days on Market:
    1718
    Last Refresh:
    May 19 at 8:42 pm

    Property Features for 59 Harwood HILL Road

    General Information

    Standard status
    Active
    Size
    12,000 SF
    Lot size
    0.62 Acres
    Property subtype
    Office, Self Storage

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Paul William Carroccio
    Paul William Carroccio

    Listing agent Paul William Carroccio License #VT 082.0117500

    Listing office TPW Real Estate

    Listing date Sep 21, 2021

    Source Crexi

    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 TPW Real Estate

    HighLights

    • Newly renovated climate control storage facility and multi‑tenant office/storage building.
    • Enjoy an 8% cap rate with potential for improvement.
    • Opportunity for more construction/buildings/parking.
    • Includes loading dock.
    • Located on Northside Drive and Harwood Hill in Bennington, Vermont.
    • New HVAC, dividing walls, flooring, and lighting.

    Overview

    This property features a newly renovated climate-controlled storage facility, along with a multi-tenant office and storage building. Located on Northside Drive and Harwood Hill in Bennington, Vermont, the property consists of two parcels totaling 0.62 acres. There is potential for additional construction, buildings, or parking. The current tenant cash flow supports an 8% cap rate and is expected to improve. Renovations include new HVAC, dividing walls, flooring, and lighting. The property size is 12000 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bennington
    County
    Bennington
    State
    Vermont
    Longitude
    -73.2120985
    Latitude
    42.9017383

    Nearby Similar for Sale

    • $975,000
      44,193 SF

      Bennington Industrial Building For Sale

      44,193 SF industrial building on 1.47 acres.
      1030 Water Street, Bennington, VT 05257
      View Details
    • $800,000
      24,000 SF

      Bennington Commercial Property with Accessibility

      1.84-acre commercial property with 24,000 SF building near major highways.
      159 Phyllis Lane, Bennington, VT 05201
      View Details
    • $950,000
      8,888 SF

      Historic Victorian Multifamily Building

      Restored suites and generous common areas offer flexible residential uses, with a separately leased on-site restaurant space.
      124 Elm Street, Bennington, VT 05201
      View Details
    • $475,000

      Versatile Commercial Building on 4.5 Acres

      Commercial building on 4.5 acres in established industrial corridor.
      33 Transport Drive, Bennington, VT 05201
      View Details
    • $450,000

      Medical Office Near Hospital

      Highly visible medical office space across from hospital entrance.
      320 Dewey Street, Bennington, VT 05201
      View Details
    • $235,000
      1,860 SF

      Well-Maintained Multi-Family Home

      Two-unit home with rental income potential near Bennington amenities.
      205 County Street, Bennington, VT 05201
      View Details
    • $300,000
      738 SF

      Downtown Bennington Restaurant with Redevelopment Potential

      Restaurant with redevelopment potential in the heart of downtown Bennington.
      100 Depot Street, Bennington, VT 05201
      View Details
    • $2,950,000

      Bennington Multi-Building Redevelopment Opportunity

      Multi-building campus with income and redevelopment potential in Bennington, VT.
      230 School Street, Bennington, VT 05201
      View Details
    • $825,000

      Historic Commercial Property on Acre+

      Profitable printing company and landmark building for sale in Bennington.
      736 Main Street, Bennington, VT 05201
      View Details
    • $450,000

      Medical Office Near Hospital Entrance

      Single-story medical office building with ample parking near hospital.
      320 Dewey St, Bennington, VT 05201
      View Details
    • $275,000
      1,680 SF

      Mixed-Use Property in Bennington, VT

      Versatile property with income potential in downtown Bennington.
      318 North Street, Bennington, VT 05201
      View Details
    • $399,000
      5,208 SF

      Historic Mixed-Use Property, Bennington

      Mixed-use property with residential and commercial spaces in downtown Bennington.
      126 Washington Avenue, Bennington, VT 05201
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Climate-controlled storage and office building on 0.62 acres.
    Where is this self storage facility located?
    The property is located at 59 Harwood HILL Road Bennington, VT.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: Newly renovated climate control storage facility and multi‑tenant office/storage building.; Enjoy an 8% cap rate with potential for improvement.; Opportunity for more construction/buildings/parking.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Paul William Carroccio
    Paul William Carroccio
    Real Estate License ID: VT 082.0117500
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    59 Harwood HILL Road, Bennington, VT 05201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!