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    78 Heartwellville View Rd Readsboro, VT 05350
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    Property profile & analytics

    78 Heartwellville View Rd Readsboro, VT 05350

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    • Commercial real estate
    • 1.10 lot acres
    Off-Market
    Property ID
    US89-0025306
    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 78 Heartwellville View Rd

    Lot size
    1.10 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.1-acre commercial land parcel presents a unique opportunity in Readsboro, Vermont. Located at 78 Heartwellville View Rd, 05350, in Bennington County, this property is zoned for residential use and offers a tranquil setting within the Alpenwald Village. Priced at $10,000, the land boasts a land value of $9,090.91 per square foot. The property is part of a secure, family-friendly community with minimal traffic and a strong sense of neighborhood, making it ideal for those seeking a peaceful retreat. Annual HOA dues of $450 maintain the private roadways. Outdoor enthusiasts will appreciate the proximity to hiking, fishing, boating, and hunting opportunities, as well as the revitalized Dutch Hill Ski area. Conveniently located within a couple of hours of Connecticut and New York, and with easy access to Routes 8 and 100, this property offers a blend of seclusion and accessibility. Nearby towns like Bennington, Wilmington, and North Adams provide additional amenities. An adjoining lot is also available for purchase, offering the potential for expansion. This is an excellent opportunity to build a dream home or develop a residential project in a serene Vermont setting. The latitude and longitude coordinates are 42.8098613, -73.0146895 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Readsboro
    County
    Bennington
    State
    Vermont
    Longitude
    -73.0146895
    Latitude
    42.8098613

    Comparable in this City

    • Contact for pricing
      2.30 Acres

      Residential Land in Readsboro, Vermont

      2.3-acre residential lot in a welcoming mountain community.
      00 Heartwellville View Rd, Readsboro, VT 05350
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    • $56,900
      4.20 Acres

      Residential Land in Alpenwald

      4-acre lot in Readsboro with power and septic plans.
      00 Heartwellville View Rd, Readsboro, VT 05350
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    • $56,900

      Readsboro Land For Sale

      Land available in Readsboro, Vermont.
      00 Heartwellville View Rd, Readsboro, VT 05350
      View Details
    • Contact for pricing
      2.40 Acres

      Residential Land in Alpenwald

      2.4-acre lot in Readsboro, VT, with power available.
      00 Heartwellville View Rd, Readsboro, VT 05350
      View Details
    • $75,000
      13.01 Acres

      Scenic 13-Acre Readsboro Land Parcel

      13 acres in Readsboro, VT with rural residential zoning.
      3 W Hill Dr, Readsboro, VT 05350
      View Details
    • $109,000
      17.00 Acres

      Scenic Readsboro Land Parcel

      17-acre parcel in Readsboro, VT, perfect for outdoor enthusiasts.
      00 Bill T Dr, Readsboro, VT 05350
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.30 Acres

      Residential Land in Readsboro, Vermont

      2.3-acre residential lot in a welcoming mountain community.
      00 Heartwellville View Rd, Readsboro, VT 05350
      View Details
    • Contact for pricing
      2.40 Acres

      Residential Land in Alpenwald

      2.4-acre lot in Readsboro, VT, with power available.
      00 Heartwellville View Rd, Readsboro, VT 05350
      View Details
    • $75,000
      13.01 Acres

      Scenic 13-Acre Readsboro Land Parcel

      13 acres in Readsboro, VT with rural residential zoning.
      3 W Hill Dr, Readsboro, VT 05350
      View Details
    • $56,900
      4.20 Acres

      Residential Land in Alpenwald

      4-acre lot in Readsboro with power and septic plans.
      00 Heartwellville View Rd, Readsboro, VT 05350
      View Details
    • $56,900

      Readsboro Land For Sale

      Land available in Readsboro, Vermont.
      00 Heartwellville View Rd, Readsboro, VT 05350
      View Details
    • $109,000
      17.00 Acres

      Scenic Readsboro Land Parcel

      17-acre parcel in Readsboro, VT, perfect for outdoor enthusiasts.
      00 Bill T Dr, Readsboro, VT 05350
      View Details
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    Readsboro, VT 05350
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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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    78 Heartwellville View Rd, Readsboro, VT, 05350
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