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    FOR SALE
    Office Spaces

    20 Kimball Ave, South Burlington, VT 05403

    28,444 SF 0.94 ac lot Built 1981
    Individually Owned 5-yr Hold Absentee Owner Free & Clear
    Property ID
    US89-0117255
    Property summary
    AI-generated overview

    This exceptional commercial office condominium investment opportunity, located at 20 Kimball Avenue in South Burlington, Vermont, presents a unique chance to acquire a multi-tenant property. The property boasts a total of 29,000 square feet of space, distributed across three floors and encompassing 25 individual office suites. The building's flexible layout caters to a diverse range of tenants, with suite sizes varying from approximately 300 square feet to several thousand square feet, making it ideal for businesses of all scales. Currently, the building enjoys a 70% occupancy rate, generating a stable income stream. Built in phases between 1981 and 1987, the Class B building sits on a sizable 1.88-acre lot, zoned Commercial 1—Limited Retail, offering potential for future expansion or redevelopment. The property's convenient location provides easy access to Interstate 89, Burlington International Airport, and Williston Road, ensuring high visibility and accessibility for tenants and clients. Ample parking is available with 132 spaces provided on-site. The asking price for this prime South Burlington commercial property is $2,550,000. The gross lease structure simplifies management and maximizes return on investment. This is a rare opportunity to acquire a well-located, established multi-tenant office building in a thriving Vermont market.

    Property profile
    Verified
    Property type Office Spaces
    Use group OFFICE (GENERAL)
    Year built 1981
    Total area 28,444 SF
    Lot 0.94 ac (40,946 SF)
    APN (188) 0980-00020
    UPID US89-0117255
    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
    $2.05M
    Blend (final) Blend
    $2.72M
    Owner & transaction history
    Dennis A Plante · 5 yrs held
    Dennis A Plante
    since 2020
    7 recorded transactions
    2020
    $225,000
    2020
    $284,000
    2020
    $241,000
    2019
    2019
    2013
    2011
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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