Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    59 Harwood Hill Rd Bennington, VT 05201
    Property profile & analytics

    59 Harwood Hill Rd Bennington, VT 05201

    View on Map
    • Commercial real estate
    • 12,000 SF
    • 0.62 lot acres
    For Sale
    $649,000
    View Listing →
    Renovated Storage Facility with Offices For Sale
    $649,000
    12,000 SF

    Renovated Storage Facility with Offices

    Climate-controlled storage and office building on 0.62 acres.

    59 Harwood HILL Road, Bennington, VT 5201
    View Listing
    Property ID
    US89-0042078
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 59 Harwood Hill Rd

    Year built
    1971
    Lot size
    0.62 lot acres
    Property size
    12,000 SF
    Property type
    Commercial real estate
    APN
    (015)36-50-03-00
    APU
    1536500300

    Description

    This exceptional Class A commercial property, located at 59 Harwood Hill Road in Bennington, Vermont (zip code 05201), presents a lucrative investment opportunity. The 12,000 square foot building, constructed in 1970 and situated on a 0.62-acre lot, is zoned for Planned Commercial use. The property boasts a diverse tenancy, currently operating at 100% occupancy, generating a strong 8% cap rate. The asking price is $649,000, translating to $54.08 per square foot. The property features a mix of office and self-storage space, including a climate-controlled storage facility equipped with a loading dock. Recent renovations have significantly enhanced the property, including upgrades to the HVAC system, installation of new dividing walls, flooring, and lighting. The property's strong cash flow, coupled with the potential for future expansion on the ample lot, makes this a compelling investment. The property is a multi-tenant NNN lease structure. This prime location on Northside Drive and Harwood Hill offers excellent visibility and accessibility. The property is a turnkey operation, providing immediate income and significant long-term growth potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $532,000
      Market price range: $533k - $1.35M
      AI Estimate
      $532,000
      Market price range: $533k - $1.31M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bennington
    County
    Bennington
    State
    Vermont
    Longitude
    -73.212
    Latitude
    42.9017
    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
    2023
    $5,500
    $99,200
    $68,700
    $167,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      150,767 SF

      95 Kocher Dr

      Retail properties & Spaces • 150,767 SF
      95 Kocher Dr, Bennington, VT 05201
      View Details
    • Value Estimation by Request
      1.02 Acres

      1111 Br St

      COMMERCIAL (GENERAL) • 1.02 Acres
      1111 Br St, Bennington, VT 05201-2749
      View Details
    • Value Estimation by Request
      5.41 Acres

      614 Harwood Hl Rd

      COMMERCIAL (GENERAL) • 5.41 Acres
      614 Harwood Hl Rd, Bennington, VT 05201-9006
      View Details
    • Value Estimation by Request
      9.71 Acres

      25 Morse Rd

      COMMERCIAL (GENERAL) • 9.71 Acres
      25 Morse Rd, Bennington, VT 05201-1604
      View Details
    • Value Estimation by Request
      0.51 Acres

      107 Mckinley St

      COMMERCIAL (GENERAL) • 0.51 Acres
      107 Mckinley St, Bennington, VT 05201-1824
      View Details
    • Value Estimation by Request
      1.20 Acres

      259 Benmont Ave

      COMMERCIAL (GENERAL) • 1.20 Acres
      259 Benmont Ave, Bennington, VT 05201-1865
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail/Office Space in Bennington

      Highly visible retail or office space on Main Street.
      337 Main St, Bennington, VT 05201
      View Details
    • Contact for pricing

      Retail Spaces with Drive-Thru

      Retail spaces available for lease, including drive-thru.
      95 Kocher Dr, Bennington, VT 05201
      View Details
    • Contact for pricing
      8,152 SF

      Retail Spaces in Bennington, Vermont

      Retail spaces available in a busy Bennington shopping center.
      135-141 Hannaford Sq, Bennington, VT 05201
      View Details
    • Contact for pricing

      Bennington Airport Office Space Available

      5,000 SF Class B office space for lease.
      1563 Walloomsac Rd, Bennington, VT 05201
      View Details
    • Contact for pricing
      12,197 SF

      Downtown Bennington Office Space Available

      Second-floor office space in downtown Bennington with utilities included.
      311 North St, Bennington, VT 05201
      View Details
    • Contact for pricing
      75,000 SF

      Former Energizer Plant For Sale

      300,000 SF former Energizer plant in downtown Bennington.
      401 Gage St, Bennington, VT 05201
      View Details
    View Listing
    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.
    59 Harwood Hill Rd
    Bennington, VT 05201
    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

    Thank You for Inquiry
    59 Harwood Hill Rd, Bennington, VT, 05201
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!