Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    274 Main St Rutland, VT 05701
    Back to Search
    Property profile & analytics

    274 Main St, Rutland, VT 05701

    View on Map
    • Retail properties & Spaces
    • 5,021 SF
    • 0.55 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 274 Main St

    Lot size
    0.55 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Banks

    Description

    This exceptional Rutland Town, Vermont property offers a unique blend of investment opportunities. Priced at $925,000, this 5,021 square foot retail space boasts two buildings on a 0.55-acre lot with 15 parking spaces. Currently, the property features a 2,185 square foot lease to a credit union with a credit-rated tenant and a one-year remaining lease term, providing immediate income. The second building, a 2,836 square foot auto shop, is occupied by a short-term tenant. The property enjoys a prime location in a high-traffic area with an average daily traffic count of 25,521 vehicles, situated at a signalized intersection within the Regional Commercial Business District. The absence of zoning ordinances in Rutland Town presents significant redevelopment potential for this versatile property. The property's current 50% occupancy rate offers a compelling value-add opportunity, with a projected full occupancy date of April 3, 2024. This NNN lease structure minimizes landlord responsibilities, making it an attractive investment for experienced investors. The property's dual-building configuration and ample parking further enhance its appeal. This is a rare chance to acquire a well-located, multi-tenant property with significant upside potential in a thriving Vermont market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rutland
    County
    Rutland
    State
    Vermont
    Longitude
    -72.9682
    Latitude
    43.5893

    Comparable in this City

    • Value Estimation by Request
      3,452 SF

      286 Us Rte 7th S

      FINANCIAL BUILDING
      286 Us Rte 7th S, Rutland, VT 05701-4724
      View Details
    • Value Estimation by Request
      887 SF

      91 Us Rte 7th S

      FINANCIAL BUILDING
      91 Us Rte 7th S, Rutland, VT 05701-4742
      View Details
    • Value Estimation
      $685,000
      6,480 SF

      261 Randbury Rd

      AUTO REPAIR, GARAGE
      261 Randbury Rd, Rutland, VT 05701-4722
      View Details
    • Value Estimation
      $975,000
      13,650 SF

      1253 Us Rte 7th N

      AUTO REPAIR, GARAGE
      1253 Us Rte 7th N, Rutland, VT 05701-9795
      View Details
    • Value Estimation
      $1,235,000
      18,920 SF

      4318 Middle Rd Rt 7th S

      AUTO REPAIR, GARAGE
      4318 Middle Rd Rt 7th S, Rutland Town, VT 05701
      View Details
    • Value Estimation by Request
      0.40 Acres

      339 Post Rd

      AUTO REPAIR, GARAGE
      339 Post Rd, Rutland, VT 05701
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,021 SF

      Commercial Property in High-Traffic Area

      Retail property with redevelopment potential in Rutland Town.
      3141 Cold River Rd, Rutland, VT 05701
      View Details
    • Contact for pricing
      22,000 SF

      Rutland Retail Property Investment

      Prime Rutland, VT retail space, soon vacant.
      26 Merchants Row, Rutland, VT 05701
      View Details
    • Contact for pricing
      4,599 SF

      Rutland Burger King For Sale

      NNN leased Burger King in Rutland, Vermont.
      2729 N Main St, Rutland, VT 05701
      View Details
    • $239,000

      Rutland City Commercial Opportunity

      Commercial building for sale in Rutland City, Vermont.
      22 Killington Ave, Rutland, VT 05701
      View Details
    • Contact for pricing
      15,630 SF

      Modern Retail Building in Rutland

      15,630 SF retail building with 100% occupancy in Rutland, VT.
      12 Us Route 7 S, Rutland, VT 05701
      View Details
    • $225,000
      2,208 SF

      Mixed-Use Property in Rutland City

      Multi-family property with retail/office space and income potential.
      23 Terrill St, Rutland, VT 05701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Lease

      Retail properties and spaces available for lease.
      286-324 Us-7, Rutland, VT 05701
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Ample Parking

      Retail space featuring great exposure and 35 parking spaces.
      190 S Main St, Rutland, VT 05701
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space on Route 7

      Retail space with high traffic and Route 7 exposure.
      31 N Main St, Rutland, VT 05701
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on Route 7

      Retail space available at a signalized intersection on Route 7.
      41 N Main St, Rutland, VT 05701
      View Details
    • Contact for pricing
      15,715 SF

      Retail Space on Route 7

      Retail spaces available for lease on high-profile Route 7.
      300-320 Us Route 7 S, Rutland, VT 05701
      View Details
    • Contact for pricing

      Retail Space on Main Street

      Single tenant retail space available for rent.
      241 Main St, Rutland, VT 05701
      View Details
    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.
    274 Main St
    Rutland, VT 05701
    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
    274 Main St, Rutland, VT, 05701
    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!