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Property profile & analytics
OFF-MARKET
Office Spaces
653 Main St Newport, VT 05855-5829
Trust Owned
Free & Clear
Property ID
US89-0023431
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1950
Construction
FRAME
Total area
1,344 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GR
APN
(136) 118202
UPID
US89-0023431
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
Thompson Irrevocable Trust
Thompson Irrevocable Trust
since 2026
3 recorded transactions
Zoning & alternative use
GR · Newport, VT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is designed principally for residential development. Areas that it covers have either municipal water and sewer services available or are where the installation of these facilities on-site is feasible. Residential and other compatible and complementing uses are permitted in this district at densities dependent upon municipal water and sewer ava…
Zone name
General Residential
General category
RESIDENTIAL
Zone area
1,949.91 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
$4,543
Tax year 2022
Assessed value
$152,300
Assessed 2023
Previous assessed
$152,300
+0.0% YoY
Effective rate
2.98%
On assessed value
Assessed land
$73,700
Assessed improvement
$78,600
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
1
Rooms
5
Bathrooms
2
Total area
1,344 SF
Lot
0.17 ac (7,405 SF)
Zoning code
GR
APN
(136) 118202
UPID
US89-0023431
Jurisdiction
NEWPORT CITY
Zoning & alternative use
GR · Newport, VTZoning GR · permitted uses
GR · Newport, VT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is designed principally for residential development. Areas that it covers have either municipal water and sewer services available or are where the installation of these facilities on-site is feasible. Residential and other compatible and complementing uses are permitted in this district at densities dependent upon municipal water and sewer availability. This district is intended to house the majority of the community's permanent residents at densities consistent with the utilities provided.
Zone name
General Residential
General category
RESIDENTIAL
Zone area
1,949.91 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Thompson Irrevocable Trust
Trust
Free & Clear · 0 yrs held
Mailing address
653 E MAIN ST, NEWPORT, VT 05855-5829
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
—
Thompson Irrevocable Trust
David Thompson
Deed
related
—
Aug 4, 2015
$165,000
David W Thompson
Campbell,peter J
Grant Deed
—
Feb 1, 2010
$60,000
Peter J Campbell
Whittle,mary G
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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