Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    68 Main St Montpelier, VT 05602-2927

    • Commercial real estate
    • 1,222 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US89-0156376
    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

    • Fire-Safe & Chimney Service Montpelier ZHA / Building Supply / Hardware & Home Improvement

    Property Details for 68 Main St

    Year built
    1860
    Construction
    FRAME
    Lot size
    0.04 lot acres
    Property size
    1,222 SF
    Property type
    Commercial real estate
    APN
    (126) 095068001
    APU
    126095068001

    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
    Montpelier
    County
    Washington
    State
    Vermont
    Longitude
    -72.5759
    Latitude
    44.2599
    CBSA code
    12740
    CBSA name
    BARRE, 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
    2021
    $6,490
    $168,000
    $155,600
    $323,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      153 Berlin Mall Rd

      COMMERCIAL (GENERAL)
      153 Berlin Mall Rd, Montpelier, VT 05602
      View Details
    • Value Estimation by Request
      1.50 Acres

      15 Cross Rd

      COMMERCIAL (GENERAL) • 1.50 Acres
      15 Cross Rd, Middlesex, VT 05602
      View Details
    • Value Estimation
      $650,000
      7,980 SF

      119 Riv St

      COMMERCIAL (GENERAL) • 7,980 SF
      119 Riv St, Montpelier, VT 05602-3724
      View Details
    • Value Estimation
      $590,000
      5,438 SF

      26-28 School St

      COMMERCIAL (GENERAL) • 5,438 SF
      26-28 School St, Montpelier, VT 05602
      View Details
    • Value Estimation by Request
      3,776 SF

      148th State St

      COMMERCIAL (GENERAL) • 3,776 SF
      148th State St, Montpelier, VT 05602-3334
      View Details
    • Value Estimation
      $795,000
      11,519 SF

      23-27 State St

      COMMERCIAL (GENERAL) • 11,519 SF
      23-27 State St, Montpelier, VT 05602
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Montpelier Office Building For Sale

      Office building near State House with conversion potential.
      14-16 Baldwin St, Montpelier, VT 05602
      View Details
    • $332,175
      2,507 SF

      Montpelier Duplex with Rental Potential

      Two-unit duplex near downtown Montpelier with strong rental potential.
      55-57 Northfield St, Montpelier, VT 05602
      View Details
    • New
      $425,000
      0.14 Acres

      Main Street Redevelopment Opportunity

      Prime Montpelier commercial property with redevelopment potential.
      9 Main St, Montpelier, VT 05602
      View Details
    • $325,000

      Montpelier Duplex Near Downtown

      Well-maintained two-unit property near downtown Montpelier.
      68 Northfield St, Montpelier, VT 05602
      View Details
    • $294,000

      Downtown Montpelier Office Condo

      Spacious office condo in historic downtown Montpelier.
      26 State St, Montpelier, VT 05602
      View Details
    • $247,500
      3,400 SF

      High-Visibility Commercial Opportunity in Berlin

      Commercial property on a busy corridor with high traffic exposure.
      1519 Us Route 302, Berlin, VT 05602
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,913 SF

      Downtown Montpelier Office Space

      Prime Montpelier location; flexible office suites.
      89 Main St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      9,000 SF

      Retail Space in Downtown Montpelier

      Retail space available immediately in downtown Montpelier.
      29 Main St, Montpelier, VT 05602
      View Details
    • Contact for pricing

      Downtown Montpelier Retail Space

      Prime retail space in the heart of downtown Montpelier.
      54 Main St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      5,400 SF

      Downtown Montpelier Retail/Restaurant Opportunity

      Convertible retail space in downtown Montpelier with parking.
      58 State St, Montpelier, VT 05602
      View Details
    • Contact for pricing
      2,460 SF

      Turnkey Office Space For Rent

      Turnkey office space with riverfront location and easy access.
      575 Stone Cutters Way, Montpelier, VT 05602
      View Details
    • Contact for pricing
      14,700 SF

      Renovated Industrial Space for Lease

      Recently renovated industrial space suitable for manufacturing or brewery.
      43 Granite Shed Ln, Montpelier, VT 05602
      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.
    68 Main St
    Montpelier, VT 05602-2927
    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.
    Sign Up Successful!
    You now have access to more from Realmo!