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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Retail properties & Spaces
524 Rte 7th S Milton, VT 05468-3809
Entity Owned
2-yr Hold
Free & Clear
Property ID
US89-0238065
Property summary
AI-generated overview
This 7,000 square foot warehouse space in Chittenden County is part of a larger redevelopment project. The entire site is undergoing significant upgrades, including a new roof, insulation, a level concrete floor, improved lighting and heating systems, and an ADA-compliant bathroom. The building features multiple 10' x 10' at-grade overhead doors, a loading dock, and the possibility of incorporating a small amount of office space. Ceiling heights range from 12 to 15 feet. Utilities (gas, electric, water, and trash) are separately metered and are not included in the lease rate of $12 per square foot. On-site parking is available. The property boasts municipal water and sewer, natural gas, and upgraded front and rear curb cuts. A wastewater permit (WW-4-5875) is in place. The owner plans to install 3-phase power as part of the renovations. This is an excellent opportunity to lease a newly renovated warehouse space in a prime Chittenden County location. The space is currently vacant and ready for immediate occupancy.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1975
Total area
13,605 SF
Lot
1.94 ac (84,506 SF)
APN
(123) 207030.000000
UPID
US89-0238065
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
$730k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$449k
Blend (final)
Blend
$585k
Owner & transaction history
JONNY ROGER HOLDINGS LLC · 4 yrs held
JONNY ROGER HOLDINGS LLC
since 2022
Last sale
$525,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton 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
$690,000
ML approach
$730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$965,000
Current use
WAREHOUSE, STORAGE
$940,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $525k (Mar 7 2022)
Last sale anchor
$525k
Mar 7 2022
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
$43 / 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
$9,061
Tax year 2022
Assessed value
$531,100
Assessed 2022
Previous assessed
$531,100
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$152,300
Assessed improvement
$378,800
Applied tax rate
123.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1975
Heating
NONE
Buildings
1
Stories
1
Total area
13,605 SF
Lot
1.94 ac (84,506 SF)
APN
(123) 207030.000000
UPID
US89-0238065
Jurisdiction
MILTON
Zoning & alternative use
Zoning · permitted uses
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
RETAIL STORES Current
Est. value
$965,000
WAREHOUSE, STORAGE
Est. value
$940,000
RETAIL STORES Current
WAREHOUSE, STORAGE
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
1975
Heating
NONE
Stories
1
Buildings
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
JONNY ROGER HOLDINGS LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 821, MILTON, VT 05468-0821
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2022
$525,000
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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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