Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    57-59 Nn Ave Burlington, VT 05401

    • Investment properties
    • 3,204 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US89-0160582
    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.

    Current Use by Public Records

    • Investment properties

    Property Details for 57-59 Nn Ave

    Year built
    1937
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    3,204 SF
    Zone code
    RMW
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    (035) 043-3-190-001
    APU
    350433190001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.222
    Latitude
    44.4836
    CBSA code
    15540
    CBSA name
    BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN 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
    $8,406
    $267,900
    $129,900
    $397,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $980,000
      6,480 SF

      236 Riverside Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 6,480 SF
      236 Riverside Ave, Burlington, VT 05401-1444
      View Details
    • Value Estimation
      $925,000
      7,549 SF

      136-140 Church St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,549 SF
      136-140 Church St, Burlington, VT 05401
      View Details
    • Value Estimation
      $920,000
      6,597 SF

      39-41 Maple St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,597 SF
      39-41 Maple St, Burlington, VT 05401
      View Details
    • Value Estimation by Request
      3,917 SF

      184 Nn St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,917 SF
      184 Nn St, Burlington, VT 05401-5764
      View Details
    • Value Estimation
      $510,000
      4,422 SF

      64-68 Archibald St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,422 SF
      64-68 Archibald St, Burlington, VT 05401
      View Details
    • Value Estimation
      $685,000
      4,733 SF

      164-166 Battery St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,733 SF
      164-166 Battery St, Burlington, VT 05401
      View Details

    Similar Nearby for Sale

    • $8,500,000
      2.20 Acres

      Burlington Development Site: Prime Location

      2.2-acre commercial lot, ideal for redevelopment.
      20 Pine St, Burlington, VT 05401
      View Details
    • $369,000

      Burlington Duplex Near Lake Champlain

      Duplex in Burlington near parks, shops, and dining.
      46-48 North Ave, Burlington, VT 05401
      View Details
    • $575,000

      North Champlain Street Property

      Property available on North Champlain Street in Burlington, VT.
      244 North Champlain St, Burlington, VT 05401
      View Details
    • $3,195,000

      Elmwood Avenue Property For Sale

      Elmwood Avenue property available for purchase in Burlington, VT.
      21-25 Elmwood Ave, Burlington, VT 05401
      View Details
    • $1,109,000
      4,064 SF

      Burlington Four-Unit Investment Property

      Four identical units in Burlington's vibrant O.N.E. neighborhood.
      305-307 North Winooski Ave, Burlington, VT 05401
      View Details
    • $725,000
      1,848 SF

      Burlington Duplex with Income Potential

      Updated duplex near Church Street Marketplace with strong income.
      94 Park St, Burlington, VT 05401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,412 SF

      Burlington Retail Space For Rent

      Three retail spaces available in a mixed-use facility.
      150 Bank St, Burlington, VT 05401
      View Details
    • $53 SF/Yr
      251 SF

      Burlington Office Space For Rent

      Fourth-floor office space with shared amenities and natural light.
      125 College St, Burlington, VT 05401
      View Details
    • $4,800 /Mo
      7,000 SF

      Retail Space on Bank Street

      Street-level retail with lower level in Burlington, VT.
      191 Bank St, Burlington, VT 05401
      View Details
    • $17,000 /Mo
      17,860 SF

      Downtown Venue with Kitchen & Bars

      Three-story downtown venue with kitchen, bars, and performance spaces.
      180 Main St, Burlington, VT 05401
      View Details
    • $30 SF/Yr
      6,000 SF

      Downtown Burlington Retail Opportunity

      Retail space with drive-thru and parking in downtown Burlington.
      158-164 Cherry St, Burlington, VT 05401
      View Details
    • $3,000 /Mo
      1,500 SF

      Downtown Burlington Office Suite

      Charming office suite in downtown Burlington, walking distance to amenities.
      77 College St, Burlington, VT 05401
      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.
    57-59 Nn Ave
    Burlington, VT 05401
    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

    Google sign-in failed. Please try again or use another login method.