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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Residential income homes
233 Nn St Burlington, VT 05401-3984
Individually Owned
2-yr Hold
Free & Clear
Property ID
US89-0154884
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1899
Construction
FRAME
Total area
1,926 SF
Lot
0.13 ac (5,663 SF)
Zoning code
NMU
APN
(035) 044-3-283-000
UPID
US89-0154884
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
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$535k
Blend (final)
Blend
$705k
Owner & transaction history
Cameron Randlett · 2 yrs held
Cameron Randlett
since 2023
Last sale
$690,000
3 recorded transactions
Zoning & alternative use
NMU · Burlington, VT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2. The Neighborhood Mixed Use (NMU) district is intended to preserve and enhance historically commercial areas while reinforcing the compact scale and development patterns within the city’s older neighborhoods. Uses are intended to provide neighborhood oriented goods and services and employment opportunities within walking or biking distance of residential n…
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
65.08 ac
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
$785,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$470,000
Current use
COMMERCIAL (GENERAL)
$430,000
Change: -9% · Conversion: Moderate
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $690k (Sep 14 2023)
Last sale anchor
$690k
Sep 14 2023
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
$366 / 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
$9,553
Tax year 2022
Assessed value
$452,100
Assessed 2022
Previous assessed
$452,100
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$247,700
Assessed improvement
$204,400
Applied tax rate
35.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1899
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
4
Rooms
10
Bathrooms
4
Total area
1,926 SF
Lot
0.13 ac (5,663 SF)
Zoning code
NMU
APN
(035) 044-3-283-000
UPID
US89-0154884
Jurisdiction
BURLINGTON TWP
Zoning & alternative use
NMU · Burlington, VTZoning NMU · permitted uses
NMU · Burlington, VT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2. The Neighborhood Mixed Use (NMU) district is intended to preserve and enhance historically commercial areas while reinforcing the compact scale and development patterns within the city’s older neighborhoods. Uses are intended to provide neighborhood oriented goods and services and employment opportunities within walking or biking distance of residential neighborhoods; and,
Zone name
Neighborhood Mixed Use
General category
MIXED_USE
Zone area
65.08 ac
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$470,000
COMMERCIAL (GENERAL)
Est. value
$430,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1899
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
4
Rooms
10
Bathrooms
4
Lot
0.13 ac
Current owner
From public records · entity-resolved
Cameron Randlett
Individual
Free & Clear · 2 yrs held
Mailing address
233 NN ST, BURLINGTON, VT 05401-3984
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Sep 14, 2023
$690,000
Cameron Randlett
Nancy Elkington
Quit Claim Arm's Length For Ne States
—
Apr 5, 2011
—
Nancy A Elkington
—
Deed Of Trust
related
$188,000 · Mortgage Financial Svcs INC
Oct 19, 2005
—
Nancy A Elkington
—
Deed Of Trust
$190,400 · Chittenden Trust Co
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.
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