365 Depot St Manchester Center, VT 05255-9745
Property Lookup
Property profile & analytics
365 Depot St Manchester Center, VT 05255-9745
- Commercial real estate
- 1.91 lot acres
Property ID
US89-0104273
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
- Commercial real estate
Property Details for 365 Depot St
- Year built
- 1977
- Lot size
- 1.91 lot acres
- Property type
- Commercial real estate
- APN
- (116)0537
- APU
- 1160537
Description
This exceptional investment opportunity presents the Equinox Square Shopping Center, a 17,985 square foot retail center situated on a 1.91-acre lot in Manchester Center, Vermont. Built in 1978, the property comprises three single-story buildings housing six tenants, boasting 100% occupancy. Anchored by Starbucks, with a drive-thru, the tenant mix also includes Subway, Jockey, Carter's, LX Fitness Club, and Body Lab. Four of the six leases include scheduled rent increases, offering a built-in hedge against inflation. Three tenants operate under net leases, minimizing operating expenses for the owner. The property enjoys excellent visibility and accessibility on Depot Street (VT Route 11), a primary commercial corridor, and benefits from its proximity to US Highway 7 and Main Street. Located in the heart of Manchester Center, it's near major grocery stores and surrounded by a vibrant mix of boutiques, restaurants, and attractions. The area's strong demographics, with an average household income exceeding $110,000 within a 10-mile radius, and a significant seasonal influx of tourists, further enhance the investment potential. Daily traffic counts on Depot Street average over 10,300 vehicles. The asking price is $3,265,467, representing a 7.50% cap rate and a substantial net operating income (NOI) of $244,910. This stabilized investment offers a compelling combination of strong tenant occupancy, attractive lease terms, and a prime location in a thriving Vermont community.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Manchester Center
- County
- Bennington
- State
- Vermont
- Longitude
- -73.0506
- Latitude
- 43.1747
- CBSA code
- 13540
- CBSA name
- BENNINGTON, 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
$54,163
$668,500
$2,047,100
$2,715,600
-
$0.00
$0.00
$0.00
