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Property profile & analytics
OFF-MARKET
Estimated value
$6,440,000
Retail properties & Spaces
199 Rte 7th S Milton, VT 05468
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US89-0234100
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1980
Total area
58,086 SF
Lot
24.41 ac (1,063,300 SF)
APN
(123) 211001.001000
UPID
US89-0234100
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.14M
Blend (final)
Blend
$6.44M
Owner & transaction history
Vermont State Of · 13 yrs held
Vermont State Of
since 2012
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.6M
+123.1%
Medical building
$8.1M
+109.8%
Restaurant
$6.8M
+75.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,865,000
Current use
OFFICE BUILDING
$8,625,000
Change: +123% · Conversion: Easy
MEDICAL BUILDING
$8,105,000
Change: +110% · Conversion: Difficult
RESTAURANT
$6,795,000
Change: +76% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,185,000
Change: +60% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,005,000
Change: +55% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,470,000
Change: +42% · Conversion: Easy
WAREHOUSE, STORAGE
$4,020,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$6.44M
Range $5.80M – $7.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$111 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$72,975
Tax year 2022
Assessed value
$4,583,900
Assessed 2022
Previous assessed
$4,027,320
+13.8% YoY
Effective rate
1.59%
On assessed value
Assessed land
$1,119,100
Assessed improvement
$3,464,800
Applied tax rate
123.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1980
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
58,086 SF
Lot
24.41 ac (1,063,300 SF)
APN
(123) 211001.001000
UPID
US89-0234100
Jurisdiction
MILTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
OFFICE BUILDING
Est. value
$8.6M
MEDICAL BUILDING
Est. value
$8.1M
RESTAURANT
Est. value
$6.8M
AUTO REPAIR, GARAGE
Est. value
$6.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.5M
WAREHOUSE, STORAGE
Est. value
$4.0M
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
24.41 ac
Current owner
From public records · entity-resolved
Vermont State Of
Individual
Free & Clear · 13 yrs held
Mailing address
69 COLLEGE ST, BURLINGTON, VT 05401-8403
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2012
$1
Vermont State Of
Milton Shopping Ctr LLC
Grant Deed
related
—
May 28, 2009
—
Milton Shopping Center LLC
Telephone Operating Co Of Vt
Grant Deed
related
—
May 21, 2009
—
Milton Shopping Center LLC
Milton Dev Co LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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