203 Main St Rutland, VT 05701-3014
Property profile & analytics
203 Main St Rutland, VT 05701-3014
- Commercial real estate
- 0.45 lot acres
Property ID
US89-0181451
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.
Location Intelligence
Current Use by Public Records
- Extol Inn / Hotel & Motel
Property Details for 203 Main St
- Lot size
- 0.45 lot acres
- Property type
- Commercial real estate
- APN
- (170) 14172
- APU
- 17014172
Description
This exceptional 24-unit motel presents a compelling value-add investment opportunity in Rutland, Vermont. Boasting 19,602 square feet across three buildings situated on a 0.45-acre lot, this property offers significant potential for increased revenue. Built in 1998, the motel currently enjoys a 90% occupancy rate, generating a pro-forma NOI of $800,000 and a pro-forma cap rate of 32%. The asking price is $2,500,000, translating to $127.54 per square foot and $78,125 per bed. The property is strategically located at 203 N Main St, 193-195 197-199-201 N Main St, Rutland, VT 05701, benefiting from Vermont's strong demand for residential housing. Currently participating in the state housing voucher program, with 30 vouchers in place at $90 per night per unit, the property demonstrates substantial existing income and the potential for over $1 million in annual revenue. Owner financing is available, making this a highly attractive proposition for investors seeking a strong return on investment in a thriving market. The motel features 32 beds, providing ample capacity to accommodate guests. This property represents a rare opportunity to acquire a well-established, high-performing motel with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $575,000
- ML approach
- $550,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rutland
- County
- Rutland
- State
- Vermont
- Longitude
- -72.9754
- Latitude
- 43.6228
- CBSA code
- 40860
- CBSA name
- RUTLAND, VT MICROPOLITAN 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
2023
$0.00
$73,200
$254,600
$327,800
-
$0.00
$0.00
$0.00
