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Property profile & analytics
FOR LEASE
Office Spaces
354 Mountain View Dr Colchester, VT 05446
Entity Owned
9-yr Hold
Free & Clear
Property ID
US89-0004838
For Lease
1 / 3
Contact for pricing
354 Mountain View Dr, Colchester, VT 05446
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Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2001
Construction
STEEL FRAME
Total area
62,016 SF
Lot
5.88 ac (256,133 SF)
Zoning code
COM
APN
(048) 03-2060230000000
UPID
US89-0004838
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
Current use
Occupant on record · Public records
-
Draper and Kramer Mortgage Corp. Loan Service Bank
-
Rose Marie Ryea #92039 - Amerant Mortgage Loan Service Bank
-
Swan Barbara Medical Clinic
-
Four Seasons Dermatology Medical Clinic Skin Care Clinic
-
Donald R. Laub, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.85M
Blend (final)
Blend
$9.10M
Owner & transaction history
Acabay INC · 9 yrs held
Acabay INC
since 2016
2 recorded transactions
Zoning & alternative use
COM · Colchester, VT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$14.5M
+22.1%
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 Colchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Colchester 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,850,000
Current use
APARTMENT HOUSE (5+ UNITS)
$14,465,000
Change: +22% · Conversion: Moderate
OFFICE BUILDING
$10,505,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$9.10M
Range $8.19M – $10.01M · ±10%
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
$147 / 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
$228,460
Tax year 2022
Applied tax rate
48.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Lease
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
4
Units
1
Total area
62,016 SF
Lot
5.88 ac (256,133 SF)
Zoning code
COM
APN
(048) 03-2060230000000
UPID
US89-0004838
Jurisdiction
COLCHESTER
Zoning & alternative use
COM · Colchester, VTZoning COM · permitted uses
COM · Colchester, VT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$11.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.5M
OFFICE BUILDING
Est. value
$10.5M
COMMERCIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
4
Buildings
1
Units
1
Lot
5.88 ac
Current owner
From public records · entity-resolved
Acabay INC
Entity
Free & Clear · 9 yrs held
Mailing address
105 WESTVIEW RD STE #101, COLCHESTER, VT 05446-8025
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2016
—
Acabay INC
Acabay 354 Wth LLC
Quit Claim Deed
related
—
Sep 5, 2013
$10,545,790
Acabay 354 Wth LLC
Stonewater 354 Wth Fundng
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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