Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16 Cherry St Burlington, VT 05401

    • Apartment buildings
    • 89,382 SF
    • 0.80 lot acres
    OFF-MARKET
    Value Estimations
    $12,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US89-0089738
    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

    • Apartment buildings

    Property Details for 16 Cherry St

    Year built
    1978
    Lot size
    0.80 lot acres
    Property size
    89,382 SF
    Zone code
    D
    Property type
    Apartment buildings
    APN
    (035) 044-2-005-000
    APU
    350442005000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $14,570,000
      6.5%
      $13,450,000
      7%
      $12,490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,314,000
      Market price range: $16.3M - $25.4M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $19,905,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2178
    Latitude
    44.4796
    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
    2022
    $33,890
    $1,071,700
    $532,200
    $1,603,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      24 Grant St

      APARTMENT HOUSE (5+ UNITS) • 0.28 Acres
      24 Grant St, Burlington, VT 05401-3877
      View Details
    • Value Estimation by Request
      0.22 Acres

      13 Ml St, Unit 21

      APARTMENT HOUSE (5+ UNITS) • 0.22 Acres
      13 Ml St, Burlington, VT 05401-1514
      View Details
    • Value Estimation by Request
      0.16 Acres

      65-67 Monroe St

      APARTMENT HOUSE (5+ UNITS) • 0.16 Acres
      65-67 Monroe St, Burlington, VT 05401
      View Details
    • Value Estimation by Request
      0.16 Acres

      72 Monroe St, Unit 78

      APARTMENT HOUSE (5+ UNITS) • 0.16 Acres
      72 Monroe St, Burlington, VT 05401-4313
      View Details
    • Value Estimation by Request
      0.69 Acres

      295 Pearl St, Unit 303

      APARTMENT HOUSE (5+ UNITS) • 0.69 Acres
      295 Pearl St, Burlington, VT 05401-8503
      View Details
    • Value Estimation by Request
      1.05 Acres

      85 Archibald St

      APARTMENT HOUSE (5+ UNITS) • 1.05 Acres
      85 Archibald St, Burlington, VT 05401-3652
      View Details

    Similar Nearby for Sale

    • $1,124,000
      Pending

      Mixed-Use Property in Burlington, VT

      Commercial and residential investment property in Burlington's Old North End.
      197-203 North Winooski Ave, Burlington, VT 05401
      View Details
    • $799,000
      2,849 SF

      Burlington Multi-Family Near UVM

      Multi-family property in excellent location between UVM and downtown.
      61 South Union St, Burlington, VT 05401
      View Details
    • $914,000
      3,105 SF

      Burlington Triplex Investment Opportunity

      Well-maintained triplex in Burlington's O.N.E. with income potential.
      227-229 Intervale Ave, Burlington, VT 05401
      View Details
    • $619,000
      Pending

      Multifamily Property Near Downtown, UVM

      Investment property with character, hardwood floors, and decking.
      44 Isham St, Burlington, VT 05401
      View Details
    • $517,500

      Updated Duplex in Prime Location

      Burlington duplex with renovated units, convenient to downtown and waterfront.
      410 Saint Paul St, Burlington, VT 05401
      View Details
    • $349,900

      Burlington Duplex Near Waterfront Park

      Duplex with two units, close to amenities and downtown.
      46-48 North Ave, Burlington, VT 05401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,462 SF

      First Floor Office Suite

      Class A office suite with ample parking and convenient location.
      38 Eastwood Dr, S Burlington, VT 05401
      View Details
    • Contact for pricing
      4,820 SF

      Cool Office Space Near Pine

      Office space with high ceilings, private offices, and kitchenette.
      388 Pine St, Burlington, VT 05401
      View Details
    • Contact for pricing
      5,923 SF

      Class A Office Space Available

      Prime office space with lake views and parking garage access.
      40 Main St, Burlington, VT 05401
      View Details
    • $725 /Mo
      150 SF

      First Floor Office Space Available

      Single office in shared suite with natural light and parking.
      231 Maple St, Burlington, VT 05401
      View Details
    • Contact for pricing
      1,823 SF

      Retail Space on Church Street

      Prime retail space in Burlington's iconic Church Street Marketplace.
      108 Church St, Burlington, VT 05401
      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.
    16 Cherry St
    Burlington, VT 05401
    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!