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

    62 Park St Essex Junction, VT 05452-3563

    • Auto shops
    • 1,440 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US89-0162302
    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

    • Abair's Quality Car Care / Car Wash

    Property Details for 62 Park St

    Year built
    1990
    Lot size
    0.10 lot acres
    Property size
    1,440 SF
    Property type
    Auto shops
    APN
    (066) 1021051-000
    APU
    661021051000

    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
    Essex Junction
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.1133
    Latitude
    44.4862
    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
    2021
    $4,945
    $114,600
    $68,200
    $182,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,800 SF

      45 Lincoln St

      AUTO REPAIR, GARAGE • 2,800 SF
      45 Lincoln St, Essex Junction, VT 05452-3152
      View Details
    • Value Estimation by Request
      1,372 SF

      30 Main St

      AUTO REPAIR, GARAGE • 1,372 SF
      30 Main St, Essex Junction, VT 05452-3177
      View Details
    • Value Estimation by Request
      1,232 SF

      142 Pearl St

      AUTO REPAIR, GARAGE • 1,232 SF
      142 Pearl St, Essex Junction, VT 05452-3642
      View Details
    • Value Estimation by Request
      4,000 SF

      124 Colchester Rd

      AUTO REPAIR, GARAGE • 4,000 SF
      124 Colchester Rd, Essex Junction, VT 05452-3647
      View Details
    • Value Estimation by Request
      4,180 SF

      4 David Dr

      AUTO REPAIR, GARAGE • 4,180 SF
      4 David Dr, Essex Junction, VT 05452-2810
      View Details
    • Value Estimation
      $680,000
      9,000 SF

      42 Gauthier Dr

      AUTO REPAIR, GARAGE • 9,000 SF
      42 Gauthier Dr, Essex Junction, VT 05452-2825
      View Details

    Similar Nearby for Sale

    • $2,650,000
      0.48 Acres

      Essex Junction Mixed-Use Investment

      Prime investment opportunity in Essex Junction's vibrant Five Corners.
      16-18 Lincoln St, Essex Junction, VT 05452
      View Details
    • $450,000
      2,672 SF

      Historic Building on Route 15

      Versatile property suitable for residential or commercial use.
      6 Carmichael St, Essex Junction, VT 05452
      View Details
    • $2,650,000
      7,824 SF

      Essex Junction Mixed-Use Investment Opportunity

      Mixed-use property in high-traffic area with development potential.
      16-18 Lincoln St, Essex Junction, VT 05452
      View Details
    • $1,950,000
      23,000 SF

      Industrial Property with Long-Term Tenant

      23,000 SF industrial building with single tenant through 2034.
      1 Gero Ct, Essex Junction, VT 05452
      View Details
    • $450,000
      1,485 SF

      Two-Unit Property in Essex Junction

      Two-unit property near Maple Street Park, ideal for owner occupancy.
      4A East St, Essex Junction, VT 05452
      View Details
    • $750,000
      30,000 SF

      Development Opportunity in Essex, VT

      Buildable lot in Price Chopper Plaza with drive-through potential.
      86 Center Rd, Essex Junction, VT 05452
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      1,100 SF

      Retail Space in Busy Center

      1,100 SF retail space in a high-traffic Essex center.
      90 Center Rd, Essex Junction, VT 05452
      View Details
    • Contact for pricing
      1,500 SF

      Essex Junction Executive Office Suite

      1500 SF Flex Space Available Now
      20 Susie Wilson Rd, Essex Junction, VT 05452
      View Details
    • $22 SF/Yr
      4,861 SF

      New Retail/Office Space Available

      New construction retail/office space in Essex Five Corners.
      17 Park St, Essex, VT 05452
      View Details
    • $20 SF/Yr
      2,072 SF

      Storefront Space in Essex Jct

      2,072 SF storefront space with on-site parking available for rent.
      4 Pearl St, Essex Jct, VT 05452
      View Details
    • $11 SF/Yr
      20,872 SF

      High Visibility Retail/Industrial Space

      Versatile space suitable for retail, industrial, or warehousing.
      157 Pearl St, Essex Junction, VT 05452
      View Details
    • $18 SF/Yr
      4,457 SF

      Retail Space in Essex Junction

      Retail space with high visibility and ample parking available for rent.
      9 Park St, Essex Junction, VT 05452
      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.
    62 Park St
    Essex Junction, VT 05452-3563
    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.