Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2 Corporate Dr Essex Junction, VT 05452-4434
    Property profile & analytics

    2 Corporate Dr, Essex Junction, VT 05452-4434

    View on Map
    • Industrial properties
    • 29,898 SF
    • 3.79 lot acres
    Off-Market
    Property ID
    US89-0097442
    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
    $1,205,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Regal Gymnastics / Gym & Fitness Center

    Property Details for 2 Corporate Dr

    Year built
    2012
    Lot size
    3.79 lot acres
    Property type
    Industrial properties
    APN
    (067) 2072003-002
    APU
    672072003002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 21, 2011 $227,400 Regal Real Estate LLC Charmedlife LLC Grant Deed —

    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
    Essex Junction
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.0426
    Latitude
    44.5011
    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
    2021
    $45,411
    $120,500
    $1,802,900
    $1,923,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,435,000
      16,000 SF

      7 Allen Martin Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      7 Allen Martin Dr, Essex Junction, VT 05452
      View Details
    • Value Estimation by Request
      6,000 SF

      3 Corporate Dr

      INDUSTRIAL (GENERAL)
      3 Corporate Dr, Essex Junction, VT 05452-4434
      View Details
    • Value Estimation
      $885,000
      8,448 SF

      8 Ewing Pl

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      8 Ewing Pl, Essex Junction, VT 05452-2821
      View Details
    • Value Estimation by Request
      0.76 Acres

      4 Jackson St

      INDUSTRIAL (GENERAL)
      4 Jackson St, Essex Junction, VT 05452-3761
      View Details
    • Value Estimation
      $1,035,000
      7,200 SF

      6 Oliver Wight Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      6 Oliver Wight Dr, Essex Junction, VT 05452-4424
      View Details
    • Value Estimation by Request
      1,830 SF

      47 Gauthier Dr Ste, Unit 30

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      47 Gauthier Dr Ste, Essex Junction, VT 05452-2867
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      23,000 SF

      Industrial Property with Long-Term Tenant

      23,000 SF industrial building with single tenant through 2034.
      1 Gero Ct, Essex Junction, VT 05452
      View Details
    • $375,000
      1,840 SF

      Duplex with Covered Porches

      Two-unit duplex with separate covered porches, full basement storage, and off-street parking for flexible owner-occupant living.
      2 Arlington St, Essex Junction, VT 05452
      View Details
    • $649,000

      Essex Junction Mixed-Use Investment Property

      Fully leased mixed-use property with redevelopment potential in central Essex Junction.
      50 Pearl St, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      30,000 SF

      Development Opportunity in Essex, VT

      Buildable lot in Price Chopper Plaza with drive-through potential.
      86 Center Rd, Essex Junction, VT 05452
      View Details
    • $295,000
      7.02 Acres

      Country Development Lot with Views

      Nearly all-inclusive development planning starts here, with prior duplex approval and a wastewater permit for redesigning to current standards.
      80 Weed Rd, Essex, VT 05452
      View Details
    • Contact for pricing
      2,672 SF

      Historic Building on Route 15

      Versatile property suitable for residential or commercial use.
      6 Carmichael St, Essex Junction, VT 05452
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,800 SF

      Spacious Flex/Industrial Space Available

      Large floorplan office, flex, or industrial space for rent.
      19 Thompson Dr, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      85,785 SF

      Essex Junction Industrial Property For Rent

      85,000+ SF warehouse and office space suitable for various uses.
      36 River Rd, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      26,000 SF

      Spacious Flex Space Available

      26,000 SF flex space with manufacturing capabilities for lease.
      19 Thompson Dr, Essex, VT 05452
      View Details
    • Contact for pricing
      1,400 SF

      Essex Junction Office/R&D Space

      2,800 SF space with AC, overhead door, natural light.
      5 David Dr, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      50,000 SF

      Manufacturing/Flex Space Available for Rent

      Mixture of office and manufacturing space with reliable power.
      1000 River St, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      5,156 SF

      Essex Junction Warehouse/Flex Space

      5156 SF warehouse/flex space in renovated building for lease.
      1 Jackson St, Essex Junction, VT 05452
      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.
    2 Corporate Dr
    Essex Junction, VT 05452-4434
    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
    2 Corporate Dr, Essex Junction, VT, 05452
    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!