Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    237 Nn Ave Burlington, VT 05401-2947

    • Apartment buildings
    • 37,977 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    $4,190,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US89-0145902
    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.

    Current Use by Public Records

    • Scout O.N.E. / Cafe & Coffee Shop
    • Packard Lofts / Apartment Complex
    • Hartland Group / Real Estate Agency

    Property Details for 237 Nn Ave

    Year built
    2013
    Construction
    FRAME
    Lot size
    0.70 lot acres
    Property size
    37,977 SF
    Zone code
    RM
    Property type
    Apartment buildings
    APN
    (035) 038-4-015-000
    APU
    350384015000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,190,000
      6.5%
      $5,715,000
      7%
      $5,305,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,058,000
      Market price range: $3.06M - $5.30M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2258
    Latitude
    44.4877
    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
    2022
    $118,844
    $640,600
    $4,983,800
    $5,624,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.76 Acres

      272 Church St

      APARTMENT HOUSE (100+ UNITS) • 1.76 Acres
      272 Church St, Burlington, VT 05401-8452
      View Details
    • Value Estimation by Request
      0.21 Acres

      18 Park St

      APARTMENT HOUSE (5+ UNITS) • 0.21 Acres
      18 Park St, Burlington, VT 05401-8609
      View Details
    • Value Estimation by Request
      1.84 Acres

      809 Pne St, Unit 817

      APARTMENT HOUSE (100+ UNITS) • 1.84 Acres
      809 Pne St, Burlington, VT 05401-4924
      View Details
    • Value Estimation by Request
      0.14 Acres

      31-33 School St

      APARTMENT HOUSE (5+ UNITS) • 0.14 Acres
      31-33 School St, Burlington, VT 05401
      View Details
    • Value Estimation by Request
      0.31 Acres

      118-120 Un St

      APARTMENT HOUSE (5+ UNITS) • 0.31 Acres
      118-120 Un St, Burlington, VT 05401
      View Details
    • Value Estimation
      $4,830,000
      44,508 SF

      35 Cambrian Way

      APARTMENT HOUSE (5+ UNITS) • 44,508 SF
      35 Cambrian Way, Burlington, VT 05401-2986
      View Details

    Similar Nearby for Sale

    • New
      $949,000
      3,036 SF

      Burlington Multifamily Investment Opportunity

      Multifamily property near UVM and downtown Burlington with rental history.
      30-34 Greene St, Burlington, VT 05401
      View Details
    • $1,124,000

      Mixed-Use Property in Burlington, VT

      Commercial and residential investment property in Burlington's Old North End.
      197-203 North Winooski Ave, Burlington, VT 05401
      View Details
    • $914,000
      3,105 SF

      Burlington Triplex Investment Opportunity

      Well-maintained triplex in Burlington's O.N.E. with income potential.
      227-229 Intervale Ave, Burlington, VT 05401
      View Details
    • $799,000
      2,849 SF

      Burlington Multi-Family Near UVM

      Multi-family property in excellent location between UVM and downtown.
      61 South Union St, Burlington, VT 05401
      View Details
    • $517,500
      Pending

      Updated Duplex in Prime Location

      Burlington duplex with renovated units, convenient to downtown and waterfront.
      410 Saint Paul St, Burlington, VT 05401
      View Details
    • $349,900

      Burlington Duplex Near Waterfront Park

      Duplex with two units, close to amenities and downtown.
      46-48 North Ave, Burlington, VT 05401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,880 SF

      Prime Retail Space Near Marketplace

      2,880 SF retail space in Burlington's busiest block.
      160 College St, Burlington, VT 05401
      View Details
    • Contact for pricing
      1,877 SF

      Burlington Retail Space For Rent

      Three retail spaces available in a mixed-use facility.
      160 Bank St, Burlington, VT 05401
      View Details
    • $3,000 /Mo
      1,500 SF

      Downtown Burlington Office Suite

      Charming office suite in downtown Burlington, walking distance to amenities.
      77 College St, Burlington, VT 05401
      View Details
    • Contact for pricing
      10,000 SF

      Downtown Burlington Retail Opportunity

      Retail space with drive-thru and parking in downtown Burlington.
      158-164 Cherry St, Burlington, VT 05401
      View Details
    • Contact for pricing
      470 SF

      Main Street Office Space Available

      Office spaces for rent on Main Street with bathrooms.
      41 Main St, Burlington, VT 05401
      View Details
    • Contact for pricing
      850 SF

      Church Street Marketplace Office Space

      Office space in desirable Church Street Marketplace location.
      2 Church St, Burlington, VT 05401
      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.
    237 Nn Ave
    Burlington, VT 05401-2947
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!