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    Residential Building Lot with Driveway Title is generated by Realmo AI

    Lightening Ridge Road lot 3, Calais, VT 05650

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    Claim this Listing
    New
    For Sale
    $75,000

    LAND - Calais, VT

    Lot size:
    6.74 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for Lightening Ridge Road lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    Lot size
    6.74 Acres

    Utilities

    Sewer type
    Septic Needed

    We can help!

    Listing Contact
    Martha Lange

    Listing agent Martha Lange

    Listing office BHHS Vermont Realty Group/Montpelier 317 River Street, South Burlington, VT

    Listing date Jun 5, 2026

    MLS# 5093148 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 6.74+/- acre building lot with driveway installed to the lot
    • Part of a three‑lot subdivision; the house is sold and the two remaining lots (2 and 3) are being sold with a shared driveway
    • State wastewater permits for a 3‑bedroom home on each lot, with drilled well
    • Fiber TV & internet available; power for Lot 3 would come from existing lines running through the back of the property
    • White car placement indicates Lot 2 garage/end‑of‑home location; Lot 2 may require a walkout basement

    Overview

    This offering is a residential building lot totaling 6.74+/- acres, with the driveway already installed to the property. The parcel is part of a three-lot subdivision, with one home already sold and two remaining lots being marketed together with a shared driveway. Each lot is supported by a state wastewater permit designed for a three-bedroom home and includes a drilled well.

    The property is located just around the corner from Adamant Village, which is described as home to a post office, Sodom Pond, the Adamant Music School, and the oldest continuously operating food co-op in the United States. The notes indicate Lot 2 is up to the left and Lot 3 is down to the right, with shared driveway use between the remaining lots.

    For prospective homeowners or builders, the lot provides key site essentials for a three-bedroom residence, including the wastewater permit and drilled well. The listing also notes that power for Lot 3 would come from existing lines running through the back of the property, and that fiber TV and internet are available. E-911 addresses are pending, and taxes are listed as TBD.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Calais
    County
    Washington
    State
    Vermont
    Longitude
    -72.4846688
    Latitude
    44.3354301

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      Waterfront Land with Direct Shoreline

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    • $75,000

      Ready-to-Build Residential Building Lot

      Driveway is installed and permits are in place for a 3-bedroom home with drilled well.
      Lightening Ridge Road lot: 2, Calais, VT 05650
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Ready-to-build lot with driveway in place, wastewater permit, and drilled well for a three-bedroom home.
    Where is this residential land & home lot located?
    The property is located at Lightening Ridge Road lot 3 Calais, VT.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 6.74+/- acre building lot with driveway installed to the lot; Part of a three‑lot subdivision; the house is sold and the two remaining lots (2 and 3) are being sold with a shared driveway; State wastewater permits for a 3‑bedroom home on each lot, with drilled well
    (802) 658-5555
    We can help!
    Listing Contact
    Martha Lange
    Learn More
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    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.

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