Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    31 Rte 103rd S Ludlow, VT 05149-9777
    Back to Search
    Property profile & analytics

    31 Rte 103rd S, Ludlow, VT 05149-9777

    View on Map
    • Commercial real estate
    • 3,439 SF
    • 0.87 lot acres
    Off-Market
    Last Sale Jun 3, 2022
    $430,000
    Property ID
    US89-0036335
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mr. Darcy's Bar & Burger / Restaurant

    Property Details for 31 Rte 103rd S

    Year built
    1835
    Construction
    FRAME
    Lot size
    0.87 lot acres
    Property type
    Commercial real estate
    APN
    (112) 230349.000
    APU
    112230349000

    Description

    This exceptional 4,979 square foot commercial property, situated on a 0.87-acre lot at 31 Route 103 in Ludlow, Vermont, presents a unique investment opportunity. Its prime location on the edge of downtown Ludlow offers unparalleled visibility and accessibility. The building has a long and successful history as a thriving business, demonstrating its potential for continued success under new ownership. The versatile nature of the space allows for a wide range of uses, including but not limited to office space, restaurant, or residential conversion. The possibilities are truly endless, making this an ideal property for entrepreneurs and investors seeking a high-impact location with significant upside potential. The substantial square footage provides ample room for expansion or adaptation to suit a variety of business plans. The 0.87-acre lot offers additional space for outdoor seating, parking, or potential future development. This property represents a rare chance to acquire a well-established commercial building in a vibrant Vermont town, offering a strong foundation for future growth and profitability. The asking price is $675,000. Serious inquiries are encouraged.

    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
    Ludlow
    County
    Windsor
    State
    Vermont
    Longitude
    -72.6828
    Latitude
    43.3951
    CBSA code
    30100
    CBSA name
    LEBANON, NH-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
    2022
    $8,397
    $120,100
    $339,000
    $459,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      240 SF

      462 Okemo Rdg Rd

      COMMERCIAL (GENERAL)
      462 Okemo Rdg Rd, Ludlow, VT 05149
      View Details
    • Value Estimation by Request
      420 SF

      1750 Rte 100th N

      COMMERCIAL (GENERAL)
      1750 Rte 100th N, Ludlow, VT 05149
      View Details
    • Value Estimation
      $730,000
      10,800 SF

      322 Rte 100th N

      COMMERCIAL (GENERAL)
      322 Rte 100th N, Ludlow, VT 05149-9669
      View Details
    • Value Estimation by Request
      2,499 SF

      104 Main St

      COMMERCIAL (GENERAL)
      104 Main St, Ludlow, VT 05149-1040
      View Details
    • Value Estimation by Request
      0.25 Acres

      111 Main St

      COMMERCIAL (GENERAL)
      111 Main St, Ludlow, VT 05149-1025
      View Details
    • Value Estimation by Request
      2,838 SF

      6 Ml St

      COMMERCIAL (GENERAL)
      6 Ml St, Ludlow, VT 05149-1318
      View Details

    Similar Nearby for Sale

    • $1,500,000
      6,510 SF

      Ludlow Restaurant & Business Opportunity

      Turnkey Restaurant, High Cash Flow, Mountain Town Location
      119 Main St, Ludlow, VT 05149
      View Details
    • $695,000
      9,177 SF

      Ludlow VT Pub - Turnkey Opportunity

      Historic Vermont Pub, Prime Location, High Traffic
      130 Main St, Ludlow, VT 05149
      View Details
    • $599,000
      7,153 SF

      Historic Ludlow Main Street Gem

      Versatile Multi-Use Building, High Visibility
      190 Main St, Ludlow, VT 05149
      View Details
    • $750,000
      2.07 Acres

      Okemo Mountain Residential Lot

      Residential lot with access to resort-style amenities.
      1 Timber Crk Rd, Ludlow, VT 05149
      View Details
    • $500,000
      0.94 Acres

      Okemo Mountain Building Lot

      Building lot with ski-to-door access and community pool.
      M-17 Moon Shadow Dr, Ludlow, VT 05149
      View Details
    • $2,400,000

      Historic Inn Near Ski Resorts

      Full-service Vermont inn near Okemo and Killington ski resorts.
      2 Dublin Rd, Plymouth, VT 05149
      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.
    31 Rte 103rd S
    Ludlow, VT 05149-9777
    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
    31 Rte 103rd S, Ludlow, VT, 05149
    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!