Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1233 Shelburne Rd Ste C1 South Burlington, VT 05403-7780
    Back to Search
    Property profile & analytics

    1233 Shelburne Rd Ste C1 South Burlington, VT 05403-7780

    View on Map
    • Office Spaces
    • 2,544 SF
    • 0.02 lot acres
    Off-Market
    Last Sale Apr 9, 2021
    Property ID
    US89-0141324
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 1233 Shelburne Rd Ste C1

    Year built
    1987
    Lot size
    0.02 lot acres
    Property size
    2,544 SF
    Property type
    Office Spaces
    APN
    (188) 1540-1233C.001
    APU
    18815401233C001

    Description

    This exceptional 13,475 square foot, four-story Class B office building, located in the desirable Lakewood Commons area of South Burlington, offers multiple tenancy options. Built in 1923 and extensively renovated in 2020, the property boasts a blend of historic charm and modern functionality. Two spaces are currently available, ranging in size from 200 to 2,500 square feet, providing flexibility for businesses of various scales. The building features convenient on-site parking, eliminating the hassle of off-site parking searches. Its prime location offers easy access to downtown Burlington, Shelburne, Winooski, and Williston, with a 10-minute drive to Burlington and Shelburne, and a 15-minute drive to Winooski or Williston. The building is zoned for commercial use and includes one elevator for convenient access to all four floors. Rent includes utilities, common area cleaning, and maintenance, simplifying budgeting and operational management. This is an excellent opportunity to secure office space in a well-maintained, conveniently located building with a rich history and modern amenities. The property's strategic location and comprehensive amenities make it an ideal choice for businesses seeking a productive and comfortable work environment. Inquire today to learn more about available spaces and lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2124
    Latitude
    44.4354
    CBSA code
    15540
    CBSA name
    BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN STATISTICAL AREA

    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
    2020
    $4,758
    $25,800
    $266,100
    $291,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,410,000
      22,272 SF

      99 Swift St

      OFFICE (GENERAL) • 22,272 SF
      99 Swift St, South Burlington, VT 05403-7303
      View Details
    • Value Estimation
      $9,140,000
      54,000 SF

      124 Technology Park Way

      OFFICE (GENERAL) • 54,000 SF
      124 Technology Park Way, South Burlington, VT 05403-6845
      View Details
    • Value Estimation
      $29,365,000
      216,574 SF

      40 Idx Dr

      OFFICE (GENERAL) • 216,574 SF
      40 Idx Dr, South Burlington, VT 05403-7771
      View Details
    • Value Estimation
      $2,720,000
      28,444 SF

      20 Kimball Ave

      OFFICE (GENERAL) • 28,444 SF
      20 Kimball Ave, South Burlington, VT 05403-6840
      View Details
    • Value Estimation by Request
      1,242 SF

      595 Dorset St, Unit C5

      CONDOMINIUM OFFICES • 1,242 SF
      595 Dorset St, South Burlington, VT 05403-6240
      View Details
    • Value Estimation by Request
      1,504 SF

      1035 Hinesburg Rd

      CONDOMINIUM OFFICES • 1,504 SF
      1035 Hinesburg Rd, South Burlington, VT 05403-7630
      View Details

    Similar Nearby for Sale

    • $2,200,000

      Mixed-Use Investment Opportunity

      Rare mixed-use property with residential and commercial units.
      938-950 Shelburne Rd, South Burlington, VT 05403
      View Details
    • Contact for pricing
      2,600 SF

      South Burlington Office Building For Sale

      Three-level office building with suites ranging from 300 SF.
      20 Kimball Ave, South Burlington, VT 05403
      View Details
    • Contact for pricing
      48,578 SF

      Spacious Office Building with Lake Views

      Modern office building with lake views and ample parking.
      25 Green Mountain Dr, South Burlington, VT 05403
      View Details
    • Contact for pricing
      24,000 SF

      South Burlington Mixed-Use Space Available

      Renovated mixed-use space with office, showroom, and warehouse areas.
      2 Gregory Dr, South Burlington, VT 05403
      View Details
    • Contact for pricing

      South Burlington Land Opportunity

      Land available for sale, ground lease, or build-to-suit.
      835 Hinesburg Rd, South Burlington, VT 05403
      View Details
    • Contact for pricing
      180,710 SF

      Industrial Facility on Large Site

      Fully occupied industrial facility in central Chittenden County, Vermont.
      87 Meadowland Dr, South Burlington, VT 05403
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo
      3,500 SF

      South Burlington Office Space Available

      Attractive office space with loading dock access and ample parking.
      78 Ethan Allen Dr, South Burlington, VT 05403
      View Details
    • Contact for pricing
      6,210 SF

      South Burlington Medical Office Space

      Medical office space for lease near Burlington and Williston.
      1100 Hinesburg Rd, South Burlington, VT 05403
      View Details
    • $18 SF/Yr

      Freestanding Commercial Building For Lease

      7,912 SF commercial building suitable for office or educational use.
      1025 Airport Rd, South Burlington, VT 05403
      View Details
    • Contact for pricing
      3,120 SF

      South Burlington Stand-Alone Office Building

      Stand-alone office building in South Burlington's City Center.
      2 Market St, South Burlington, VT 05403
      View Details
    • $8 SF/Yr
      3,470 SF

      Burlington Flex Space with Loading

      Second-floor office/flex space with loading dock and ample parking.
      370 Shelburne Rd, Burlington, VT 05403
      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.
    1233 Shelburne Rd Ste C1
    South Burlington, VT 05403-7780
    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
    1233 Shelburne Rd Ste C1, South Burlington, VT, 05403
    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!