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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    69 Pitman Rd Barre, VT 05641-8920

    • Warehouses
    • 5,400 SF
    • 3.60 lot acres
    OFF-MARKET
    Last Sale
    Apr 21, 2020
    $220,000
    Value Estimations
    $280,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US89-0192457
    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

    • kmi freightbrokers / Freight Forwarding Service
    • K. Bellavance Landworks & Hauling, LLC / Excavating Contractor

    Property Details for 69 Pitman Rd

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    3.60 lot acres
    Property size
    5,400 SF
    Zone code
    I
    Property type
    Warehouses
    APN
    (012) 006/034.02
    APU
    1200603402

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $260,000
      ML approach
      $355,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $337,000
      Market price range: $144k - $337k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $255,000
      Current use
      RESTAURANT
      $395,000
      Change: +55% Conversion: Difficult
      RETAIL STORES
      $350,000
      Change: +38% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $270,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Barre
    County
    Washington
    State
    Vermont
    Longitude
    -72.4848
    Latitude
    44.1721
    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
    2022
    $8,457
    $0.00
    $388,110
    $388,110
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      2,144 SF

      97 Websterville Rd

      BULK STORAGE, TANKS • 2,144 SF
      97 Websterville Rd, Barre, VT 05641
      View Details
    • Value Estimation
      $315,000
      5,400 SF

      72 Pitman Rd

      WAREHOUSE, STORAGE • 5,400 SF
      72 Pitman Rd, Barre, VT 05641-8933
      View Details
    • Value Estimation
      $390,000
      15,877 SF

      15 Stewart Ln

      WAREHOUSE, STORAGE • 15,877 SF
      15 Stewart Ln, Barre, VT 05641-2526
      View Details
    • Value Estimation
      $320,000
      12,600 SF

      10 Clark Rd

      WAREHOUSE, STORAGE • 12,600 SF
      10 Clark Rd, Barre, VT 05641-8369
      View Details
    • Value Estimation
      $290,000
      7,505 SF

      110 Granite St

      WAREHOUSE, STORAGE • 7,505 SF
      110 Granite St, Barre, VT 05641-5311
      View Details
    • Value Estimation
      $290,000
      8,946 SF

      176 Ml St

      WAREHOUSE, STORAGE • 8,946 SF
      176 Ml St, Barre, VT 05641-9028
      View Details

    Similar Nearby for Sale

    • $3,922,815
      7,653 SF

      New Barre Warehouse For Sale

      New warehouse with long-term lease and annual rental increases.
      117 Parker Rd, Barre, VT 05641
      View Details
    • $229,000

      Versatile Commercial Building on Route 14

      Well-maintained commercial building with showroom, workshop, and office space.
      323 East Montpelier Rd, Barre, VT 05641
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    • $425,000
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      Berlin Commercial Property - Route 302

      Thriving Business & Prime Real Estate
      535 Us Route 302, Berlin, VT 05641
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    • $850,000
      1,500 SF

      1.2 Acre Site on 302

      1.2 acre site on major traffic route in Berlin, VT.
      1060 Us Route 302, Barre, VT 05641
      View Details
    • $99,500

      Land For Sale

      Land available for purchase.
      00 Upper Usle Rd, Barre, VT 05641
      View Details
    • $750,000

      Berlin Development Parcel For Sale

      Excellent development parcel near shopping, schools, airport, and hospital.
      58 Warner Rd, Barre, VT 05641
      View Details

    Similar Nearby for Lease

    • $6,100 /Mo

      Retail/Office Space for Lease

      Retail or office space available for lease.
      1075 Airport Rd, Barre, VT 05641
      View Details
    • Contact for pricing
      3,126 SF

      Retail Space in Barre, VT

      Retail space available for lease in Barre, Vermont.
      168 Ames Dr, Barre, VT 05641
      View Details
    • $16 SF/Yr
      11,463 SF

      Prime Retail Space on Route 302

      High-visibility retail spaces available in Cherry Hill Plaza.
      856 Us Route 302, Barre, VT 05641
      View Details
    • Contact for pricing
      5,500 SF

      Retail Space in Barre Center

      Prime retail space with high visibility and immediate occupancy.
      1400 Us Route 302, Barre, VT 05641
      View Details
    • $12 SF/Yr
      1,964 SF

      Barre Retail Space For Lease

      Inline retail space available in a busy Barre plaza.
      321-359 N Main St, Barre, VT 05641
      View Details
    • $12 SF/Yr
      557 SF

      Move-in Ready Office Space

      Second-floor office space perfect for various professional uses.
      15 Cottage St, Barre, VT 05641
      View Details
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    69 Pitman Rd
    Barre, VT 05641-8920
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    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
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