Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2281 Vt-66 Randolph, VT 05061

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2281 Vt-66 Randolph, VT 05061

    View on Map
    • Office properties & Spaces
    • 4,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 2281 Vt-66

    Property size
    4,000 SF
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional office property, located at 2281 VT Route 66 in Randolph, Vermont, offers 4,000 square feet of flexible space ideal for a variety of businesses. The property is situated within the desirable Catamount Commercial Park, providing convenient access to Interstate 89. Currently, the entire 4,000 square feet is available for lease, with a minimum divisible space of 2,000 square feet. The building's design caters to multiple tenants, making it suitable for both large and small businesses. The space is well-suited for executive offices, coworking setups, or creative office environments. Tenants will appreciate the modern amenities and professional atmosphere. The location offers a scenic setting while being close to the business district, schools, and municipal offices. The lease rate is $7.50 per square foot, plus utilities and NNN charges. This presents a unique opportunity to secure high-quality office space in a prime Vermont location. The property is in Orange County, Vermont, and has a zip code of 05061. The address is 2281 VT-66.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Orange
    State
    Vermont
    Longitude
    -72.6161
    Latitude
    43.9456

    Comparable in this City

    • Value Estimation by Request
      4.25 Acres

      1650 Rogers Rd

      OFFICE (GENERAL) • 4.25 Acres
      1650 Rogers Rd, Randolph Center, VT 05061-9635
      View Details
    • Value Estimation by Request
      4,000 SF

      2281 Vt-66

      Office properties & Spaces • 4,000 SF
      2281 Vt-66, Randolph, VT 05061
      View Details
    • Value Estimation by Request
      192 SF

      524 Rogers Rd

      CAMPGROUND, RV PARK • 192 SF
      524 Rogers Rd, Randolph Center, VT 05061-9609
      View Details
    • Value Estimation by Request
      0.36 Acres

      7174 Vt Rte 66

      COMMERCIAL (GENERAL) • 0.36 Acres
      7174 Vt Rte 66, Randolph Center, VT 05061
      View Details
    • Value Estimation by Request
      2,847 SF

      2964 Vt Rte 66

      COMMERCIAL (GENERAL) • 2,847 SF
      2964 Vt Rte 66, Randolph Center, VT 05061
      View Details
    • Value Estimation by Request
      40.00 Acres

      304 Chelsea Mtn Rd

      VACANT COMMERCIAL LAND • 40.00 Acres
      304 Chelsea Mtn Rd, Randolph Ctr, VT 05061
      View Details

    Similar Nearby for Sale

    • $1,500,000
      109.60 Acres

      Randolph VT Land Subdivision

      109.6 acre subdivision with rental cabins and expansion potential.
      250-566 Community Dr, Randolph, VT 05061
      View Details
    • $635,000
      94.30 Acres

      Randolph VT Acreage with Rental

      94.3 acre property with rental income potential in Randolph, VT.
      566 Community Dr, Randolph, VT 05061
      View Details
    • Contact for pricing

      Industrial Land Near Interstate 89

      24.87 acre industrial land parcel near Interstate 89.
      2700 Vt-66, Randolph, VT 05061
      View Details
    • $815,000
      13.00 Acres

      Airbnb Investment Property in Vermont

      13-acre property with rental cabins and yurts near I-89.
      429 Community Dr, Randolph, VT 05061
      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.
    2281 Vt-66
    Randolph, VT 05061
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!