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    Waterfront Building Lots Title is generated by Realmo AI

    Pine Street Extension lot 37C, Newport City, VT 05855

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    Claim this Listing
    For Sale
    $65,000

    LAND - Newport City, VT

    Lot size:
    0.74 Acres
    Added:
    Aug 23, 2024
    Days on Market:
    652
    Last Refresh:
    Jun 5 at 2:06 pm

    Property Features for Pine Street Extension lot 37C

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GR
    Standard status
    Active
    Lot size
    0.74 Acres

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Rosemary Lalime

    Listing agent Rosemary Lalime

    Listing office RE/MAX All Seasons Realty 5498 US Route 5, Newport, VT

    Listing date Aug 23, 2024

    MLS# 5011148 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

    • 3 lots for sale in Pine Bluff Estates, closest lots in the estates to Lake Memphremagog
    • Power, city water, and sewer available at each building site
    • Private street built to service the lots
    • Access to 1200 ft of sandy beachfront on Lake Memphremagog through the Pine Bluff Beach Association
    • Beach is privately owned and used only by Pine Bluff Beach Association members
    • Association membership includes monthly dues and allows boat mooring and kayak storage

    Overview

    These for-sale waterfront building lots are offered within Pine Bluff Estates, with multiple parcels described as the closest to the lake. The private street serving the lots is built, and each building site has power plus city water and sewer available. The property presentation also notes amenities for residents, including a place to moor a boat and safe storage for a kayak, along with a screened gazebo intended for outdoor breaks.

    The waterfront offering includes 1,200 feet of sandy beach frontage on Lake Memphremagog. The beach is privately owned and used only by members of the Pine Bluff Beach Association, which has monthly dues. The beach is described as easily accessed from the available lots, and the surrounding area offers level walking paths. The listing also states the location is minutes from North Country Hospital and medical facilities.

    For buyers looking to construct a retirement or vacation home, these lots provide straightforward site readiness with utilities at each building site and a built private road. With zoning listed as GR, prospective builders should confirm intended residential use and any development requirements directly with the local authorities before planning site work or construction.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Newport City
    County
    Orleans
    State
    Vermont
    Longitude
    -72.20286645
    Latitude
    44.96002406

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    FAQs

    What type of property is this?
    Residential land & home lot - Build in Pine Bluff Estates with utilities at each site and private sandy beach access on Lake Memphremagog.
    Where is this residential land & home lot located?
    The property is located at Pine Street Extension lot 37C Newport City, VT.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: 3 lots for sale in Pine Bluff Estates, closest lots in the estates to Lake Memphremagog; Power, city water, and sewer available at each building site; Private street built to service the lots
    (802) 334-7277
    We can help!
    Listing Contact
    Rosemary Lalime
    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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