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Property profile & analytics
OFF-MARKET
Commercial land
451 Un St Newport, VT 05855-5499
Entity Owned
6-yr Hold
Free & Clear
Property ID
US89-0092880
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1950
Construction
WOOD FRAME
Total area
1,824 SF
Lot
0.34 ac (14,810 SF)
Zoning code
IND
APN
(136) 113016
UPID
US89-0092880
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Spates Family LLC · 6 yrs held
Spates Family LLC
since 2019
2 recorded transactions
Zoning & alternative use
IND · Newport, VT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district allows for the establishment of manufacturing employment opportunities in the community. An area must be provided for this type of development taking into consideration truck access and the availability of utilities. High-density employment activities should be concentrated in this area.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
241.07 ac
Source
Realmo
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 Newport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,670
Tax year 2022
Assessed value
$75,000
Assessed 2023
Previous assessed
$75,000
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$53,700
Assessed improvement
$21,300
Applied tax rate
136.0000
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1950
Construction
WOOD FRAME
Heating
HOT WATER
Stories
1
Total area
1,824 SF
Lot
0.34 ac (14,810 SF)
Zoning code
IND
APN
(136) 113016
UPID
US89-0092880
Jurisdiction
NEWPORT CITY
Zoning & alternative use
IND · Newport, VTZoning IND · permitted uses
IND · Newport, VT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district allows for the establishment of manufacturing employment opportunities in the community. An area must be provided for this type of development taking into consideration truck access and the availability of utilities. High-density employment activities should be concentrated in this area.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
241.07 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
WOOD FRAME
Heating
HOT WATER
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Spates Family LLC
Entity
Free & Clear · 6 yrs held
Mailing address
89 3RD ST, NEWPORT, VT 05855-2189
Ownership since
2019
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 16, 2019
$100,000
Spates Family LLC
Fortin,adrian A
Grant Deed
—
Jul 2, 2010
$27,000
Adrian A Fortin
Major,gary L
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.
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