Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Permitted 3-Bedroom Waterfront Building Lot Title is generated by Realmo AI

    Gifford Lane lot 2, South Hero, VT 05486

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at Gifford Lane lot 2, South Hero, VT
    For Sale
    $175,000

    LAND - South Hero, VT

    Lot size:
    1.00 Acre
    Added:
    Sep 24, 2025
    Days on Market:
    255
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for Gifford Lane lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Vermont Shoreland And Res
    Standard status
    Active
    Lot size
    1.00 Acre

    Utilities

    Water source
    Well Needed

    We can help!

    Listing Contact
    Andrea Champagne
    Andrea Champagne

    Listing agent Andrea Champagne

    Listing office Champagne Real Estate 508 Route 2, South Hero, VT

    Listing date Sep 24, 2025

    MLS# 5062902 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

    • Country building lot in South Hero with a State of Vermont wastewater/well permit for a 3‑bedroom home
    • Water source noted as “Well Needed”
    • Located minutes from local restaurants, including Blue Paddle and Wally's bagels
    • Minutes to the bike path, town beach, and nearby hiking trails
    • Commute to Chittenden County and Burlington is stated as less than 25 minutes

    Overview

    This waterfront building lot is offered as a country home site in South Hero, VT. The property includes a State of Vermont wastewater and well permit for a three-bedroom home, giving you a clear path to start planning and building. The parcel size is listed at 1 acre, and the setting is described as surrounded by the family’s farm.

    The listing notes that the location is minutes from local restaurants, including the Blue Paddle and Wally’s bagels. Outdoor recreation is also a part of the lifestyle here, with access to a bike path, the town beach, and many hiking trails. The remarks further state that commuting to Chittenden County and Burlington is easily under 25 minutes.

    For buyers looking to build, this lot’s permitted status for a three-bedroom residence is a key practical detail. With the wastewater and well approval already in place, it can reduce uncertainty during early planning and allow your builder to proceed with site and home design accordingly. The property is zoned Vermont Shoreland And Res, supporting single-family residential development consistent with the stated shoreland zoning designation.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    South Hero
    County
    Grand Isle
    State
    Vermont
    Longitude
    -73.2906546
    Latitude
    44.6498741

    Nearby Similar for Sale

    • $984,000
      4,040 SF

      Lakefront Residential Income Property

      Waterfront property on Lake Champlain with owned private frontage, a boat ramp, and an apartment above an attached garage.
      329 West Shore Road, South Hero, VT 05486
      View Details
    • $169,900

      Level Pasture and Open Field Land

      5.63-acre level parcel with open field and pasture, suited for building or farming under R2 zoning.
      145 South Street lot: 2, South Hero, VT 05486
      View Details
    • $695,000
      3,168 SF

      Remodeled Commercial Property in South Hero

      Recently remodeled 3,168 SF commercial property with high traffic location.
      7 Ferry Rd, South Hero, VT 05486
      View Details
    • $984,000

      Lakefront Property with Development Potential

      Lake Champlain property with private lakefront, apartment, and development potential.
      329 West Shore Rd, South Hero, VT 05486
      View Details
    • $349,900

      Lakefront Lot with Mountain Views

      Lakefront building lot with stunning views and shoreline access.
      41 Lake Drive, South Hero, VT 05486
      View Details
    • $725,000
      5,698 SF

      Former Pharmacy Retail Space Available

      Retail space with storage in South Hero, Vermont.
      334 U S Rte 2, South Hero, VT
      View Details
    • $169,900

      Expansive Land Parcel in Vermont

      5+ acre parcel ideal for building or farming.
      145 South St, South Hero, VT 05486
      View Details
    • $185,000

      Waterfront Building Lot with 3BR Permit

      Country lot with a Vermont wastewater and well permit for a three-bedroom home, ready for builder setup.
      Gifford Lane lot: 1, South Hero, VT 05486
      View Details
    • $175,000

      Residential Buildable Lot with Utilities

      Build-ready residential lot with paved access and key utilities in place, including mound septic and a drilled well.
      92 Lindsey's Lane lot: 3, South Hero, VT 05486
      View Details
    • $200,000

      Residential Land with 4-Bed Permit

      Level, south-facing parcel with wastewater and potable water permit for a four-bedroom single-family residence.
      16 Landon Road, South Hero, VT 05468
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - A Vermont shoreland building lot with a three-bedroom wastewater and well permit, ready for your builder.
    Where is this residential land & home lot located?
    The property is located at Gifford Lane lot 2 South Hero, VT.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Country building lot in South Hero with a State of Vermont wastewater/well permit for a 3‑bedroom home; Water source noted as “Well Needed”; Located minutes from local restaurants, including Blue Paddle and Wally's bagels
    (802) 372-4500
    We can help!
    Listing Contact
    Andrea Champagne
    Andrea Champagne
    Learn More
    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
    Gifford Lane lot: 2, South Hero, VT 05486
    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!