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    Center Rd Essex Junction, VT 05452

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    Center Rd Essex Junction, VT 05452

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    • Retail properties & Spaces
    • 3,500 SF
    For Sale
    $750,000
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    Essex Junction Retail Pad Site For Sale
    $750,000
    3,500 SF

    Essex Junction Retail Pad Site

    Prime VT location, vacant, multiple uses.

    0 Center Rd, Essex Junction, VT 05452
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Center Rd

    Property size
    3,500 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Essex Junction
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.0713
    Latitude
    44.5106

    Comparable in this City

    • Value Estimation
      $2,250,000
      55,869 SF

      23 Essex Way

      GROCERY, SUPERMARKET • 55,869 SF
      23 Essex Way, Essex Junction, VT 05452-3384
      View Details
    • Value Estimation
      $560,000
      15,587 SF

      103rd Pearl St

      GROCERY, SUPERMARKET • 15,587 SF
      103rd Pearl St, Essex Junction, VT 05452-3625
      View Details
    • Value Estimation by Request
      7,200 SF

      19 Corporate Dr

      Individual retail properties • 7,200 SF
      19 Corporate Dr, Essex Junction, VT 05452
      View Details
    • Value Estimation
      $1,230,000
      42,924 SF

      25 Essex Way

      DEPARTMENT STORE • 42,924 SF
      25 Essex Way, Essex Junction, VT 05452-3384
      View Details
    • Value Estimation by Request
      6,960 SF

      3 David Dr

      DEPARTMENT STORE • 6,960 SF
      3 David Dr, Essex Junction, VT 05452-2826
      View Details
    • Value Estimation by Request
      4,794 SF

      30 Susie Wilson Rd

      DEPARTMENT STORE • 4,794 SF
      30 Susie Wilson Rd, Essex Junction, VT 05452-2849
      View Details

    Similar Nearby for Sale

    • $649,000
      2,760 SF

      Mixed-Use Investment in Essex Junction

      Fully leased mixed-use property with redevelopment potential in central Essex Junction.
      50 Pearl St, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      2,672 SF

      Historic Building on Route 15

      Versatile property suitable for residential or commercial use.
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      23,000 SF

      Industrial Property with Long-Term Tenant

      23,000 SF industrial building with single tenant through 2034.
      1 Gero Ct, Essex Junction, VT 05452
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    • $375,000
      1,840 SF

      Solid Duplex in Essex Junction

      Well-maintained duplex with income potential and flexible living arrangements.
      2 Arlington St, Essex Junction, VT 05452
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    • $295,000
      7.02 Acres

      Essex Land with Development Potential

      7.02 acre lot with flexible development options.
      80 Weed Rd, Essex, VT 05452
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    • $750,000
      30,000 SF

      Development Opportunity in Essex, VT

      Buildable lot in Price Chopper Plaza with drive-through potential.
      86 Center Rd, Essex Junction, VT 05452
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,555 SF

      Storefront Space in Essex Jct

      2,072 SF storefront space with on-site parking available for rent.
      4 Pearl St, Essex Jct, VT 05452
      View Details
    • Contact for pricing

      Essex Junction Commercial Space Available

      Commercial space for lease in Essex Junction, Vermont.
      20 Susie Wilson Rd, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      1,100 SF

      Retail Space in Busy Center

      1,100 SF retail space in a high-traffic Essex center.
      90 Center Rd, Essex Junction, VT 05452
      View Details
    • $11 SF/Yr
      20,872 SF

      High Visibility Retail/Industrial Space

      Versatile space suitable for retail, industrial, or warehousing.
      157 Pearl St, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      4,457 SF

      Retail Space in Essex Junction

      Retail space with high visibility and ample parking available for rent.
      9 Park St, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      4,861 SF

      New Retail/Office Space Available

      New construction retail/office space in Essex Five Corners.
      17 Park St, Essex, VT 05452
      View Details
    View Listing
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    Center Rd
    Essex Junction, VT 05452
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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.

    More about this property
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