Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    89 Main St Montpelier, VT 05602

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime Montpelier location; flexible office suites.

    Lot size:
    2,913 SF

    Property Features for 89 Main St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,913 SF
    Total Rate
    3641.25

    Spaces For Lease

    at 89 Main St, Montpelier, VT 05602 Contact us
    Unit 3rd floor office space

    $15 /Mo

    Size
    3,000 SF
    Contact us

    We can help!

    Listing Contact
    Jaeger Nedde
    Jaeger Nedde

    Listing Agent: Jaeger Nedde

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property at 89 Main Street in Montpelier, Washington County, offers a unique leasing opportunity in a vibrant downtown setting. The building totals 2,913 square feet and is currently fully vacant, presenting a rare chance to occupy the entire space or a portion thereof. Multiple tenancy options are available, with suites ranging from a minimum of 500 square feet to a maximum contiguous space of 2,413 square feet. The property boasts excellent signage opportunities and is meticulously maintained, offering both street and interior access. The flexible floor plan allows for customization to suit a variety of business needs, making it ideal for office, retail, or service-based businesses. An attached parking garage provides convenient parking for tenants and their clients. This location benefits from its proximity to established businesses such as the Skinny Pancake, Edward Jones, and Vermont state government offices, ensuring high visibility and foot traffic. The property's central location and amenities make it an attractive option for businesses seeking a prominent presence in the heart of Montpelier. Two suites are immediately available, one at 2,413 square feet and another at 500 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hughes Mathews Legal ... Law Firm Vermont Bankers Association ... Association / Organization City Center Shopping Center & Mall FedEx Drop Box Postal Service Northern Roots Beauty ... Hair Salon

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Montpelier
    County
    Washington
    State
    Vermont
    Longitude
    -72.5746165
    Latitude
    44.2602388

    Nearby Similar for Lease

    • Contact for pricing

      Downtown Montpelier Retail Space

      Prime retail space in the heart of downtown Montpelier.
      54 Main St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      2,500 SF

      Downtown Office Suite For Rent

      Downtown office suite with private offices, kitchenette, and multiple bathrooms.
      41-45 State St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      3,750 SF

      Montpelier Office Space Available

      Office space for rent in a prime Montpelier location.
      148 State St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      5,135 SF

      Montpelier Retail Space Available

      Former bank branch in the heart of Montpelier.
      90 Main St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space in Downtown Montpelier

      Retail space available immediately in downtown Montpelier.
      29 Main St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      2,460 SF

      Turnkey Office Space For Rent

      Turnkey office space with riverfront location and easy access.
      575 Stone Cutters Way, Montpelier, VT 05602
      View Details
    • Contact for pricing
      5,400 SF

      Downtown Montpelier Retail/Restaurant Opportunity

      Convertible retail space in downtown Montpelier with parking.
      58 State St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      10,601 SF

      Downtown Montpelier Office Space

      Spacious office in downtown Montpelier near statehouse and amenities.
      22 Elm St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      1,300 SF

      Downtown Montpelier Retail Space Available

      Retail space available immediately in downtown Montpelier.
      26 State St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      14,700 SF

      Renovated Industrial Space for Lease

      Recently renovated industrial space suitable for manufacturing or brewery.
      43 Granite Shed Ln, Montpelier, VT 05602
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Montpelier location; flexible office suites.
    Where is this individual retail property located?
    The property is located at 89 Main St Montpelier, VT.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 89 Main Street, Montpelier, Washington County, offers 2,913 square feet of retail and office space for lease.; The property features multiple tenancies with a minimum divisible space of 500 square feet and a maximum contiguous space of 2,413 square feet.; The entire 2,913 square feet is currently vacant.
    (802) 777-0732 Call to check price and availability
    Request Owner's contact information
    89 Main St Montpelier, VT 05602
    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.
    89 Main St
    Montpelier, VT 05602
    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
    89 Main St Montpelier, VT 05602
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jaeger Nedde
    Jaeger Nedde
    Real Estate License ID: 0820134772
    (802) 777-0732 (802) 651-6888
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!