Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    116 Vt Rte 15th W Morristown, VT 05661-8596

    • Turn key restaurants
    • 1.80 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US89-0126437
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 116 Vt Rte 15th W

    Lot size
    1.80 lot acres
    Property type
    Turn key restaurants
    APN
    (129) 08153
    APU
    12908153

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Lamoille
    State
    Vermont
    Longitude
    -72.5938
    Latitude
    44.5772

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $31,581
    $595,000
    $1,385,700
    $1,980,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.35 Acres

      105 Morrisville Plz

      RESTAURANT • 1.35 Acres
      105 Morrisville Plz, Morristown, VT 05661-8627
      View Details
    • Value Estimation
      $270,000
      1,465 SF

      387 Brooklyn St

      RESTAURANT • 1,465 SF
      387 Brooklyn St, Morristown, VT 05661-6000
      View Details
    • Value Estimation by Request
      1.92 Acres

      33 Vt Rte 15th W

      RETAIL STORES (PERSONAL SERVICES) • 1.92 Acres
      33 Vt Rte 15th W, Morristown, VT 05661-8622
      View Details
    • Value Estimation
      $815,000
      1.00 Acre

      541 Vt Rte 15th E

      RETAIL STORES (PERSONAL SERVICES) • 1.00 Acre
      541 Vt Rte 15th E, Morristown, VT 05661-9065
      View Details
    • Value Estimation by Request
      9,789 SF

      525 Sterling Vly Rd

      VEHICLE SALES, RENTALS • 9,789 SF
      525 Sterling Vly Rd, Morristown, VT 05661-9314
      View Details
    • Value Estimation by Request
      2,656 SF

      79 Lower Main St

      Individual retail properties • 2,656 SF
      79 Lower Main St, Morristown, VT 05661
      View Details

    Similar Nearby for Sale

    • $1,470,000
      0.18 Acres

      Profitable Business & Real Estate

      Established dry cleaning and laundromat business with real estate for sale.
      140 Portland St, Morristown, VT 05661
      View Details
    • $425,000
      0.45 Acres

      Morrisville Village Development Opportunity

      9-Unit Development, Ready to Build
      17-35 Cheney Ln, Morristown, VT 05661
      View Details
    • $425,000
      0.11 Acres

      Morristown Mixed-Use Building For Sale

      Mixed-use building with residential and office space potential in Morristown.
      26 Union St, Morristown, VT 05661
      View Details
    • $965,000
      5,084 SF

      Historic Multi-Unit Vermont Property

      Charming 1800s multi-unit property on 17.3 acres near Stowe.
      632 Morristown Corners Rd, Morrisville, VT 05661
      View Details
    • $250,000
      5.80 Acres

      Morristown Land with Mountain Views

      5.8 acre lot with mountain views, owner financing possible.
      Lot #4 Lawrence Rd, Morristown, VT 05661
      View Details
    • $495,000
      6.40 Acres

      Morristown Land with Mountain Views

      6-acre property with mountain views in desirable Mud City Loop.
      3326 Mud City Loop, Morristown, VT 05661
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      84,506 SF

      Morristown Commercial Space For Lease

      Retail, office, or light commercial space in Morristown, Vermont.
      30-1 Mountain View Plz, Morristown, VT 05661
      View Details
    • $13 SF/Yr

      Adaptable Space in Morrisville Village

      820 Sq. Ft. space for storage, retail, or workshop.
      120 Pleasant St, Morristown, VT 05661
      View Details
    • $3,500 /Mo

      Renovated Barn with Retail/Office Space

      Renovated barn on Route 100 with retail and office spaces.
      2079 Laporte Rd, Morristown, VT 05661
      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.
    116 Vt Rte 15th W
    Morristown, VT 05661-8596
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.