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

    81 Main St Newport, VT 05855-5170

    • Warehouses
    • 2,146 SF
    • 1.20 lot acres
    OFF-MARKET
    Last Sale
    Nov 22, 2021
    $160,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US89-0091409
    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

    • Warehouses

    Property Details for 81 Main St

    Year built
    1940
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.20 lot acres
    Property size
    2,146 SF
    Zone code
    C
    Property type
    Warehouses
    APN
    (136) 119049
    APU
    136119049

    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
    Newport
    County
    Orleans
    State
    Vermont
    Longitude
    -72.2025
    Latitude
    44.9431

    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
    $4,734
    $107,100
    $51,600
    $158,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.20 Acres

      2090 Gln Rd

      BULK STORAGE, TANKS • 3.20 Acres
      2090 Gln Rd, Newport, VT 05855
      View Details
    • Value Estimation by Request
      6,400 SF

      1698 Crawford Farm Rd

      WAREHOUSE, STORAGE • 6,400 SF
      1698 Crawford Farm Rd, Newport, VT 05855
      View Details
    • Value Estimation by Request
      3,071 SF

      561 Main St

      WAREHOUSE, STORAGE • 3,071 SF
      561 Main St, Newport, VT 05855-5886
      View Details
    • Value Estimation by Request
      6,992 SF

      199 Coventry St

      WAREHOUSE, STORAGE • 6,992 SF
      199 Coventry St, Newport, VT 05855-2149
      View Details
    • Value Estimation
      $575,000
      21,640 SF

      1700 Crawford Farm Rd

      WAREHOUSE, STORAGE • 21,640 SF
      1700 Crawford Farm Rd, Newport, VT 05855-4509
      View Details
    • Value Estimation by Request
      2,450 SF

      415 Un St

      WAREHOUSE, STORAGE • 2,450 SF
      415 Un St, Newport, VT 05855-5499
      View Details

    Similar Nearby for Sale

    • $899,900
      0.63 Acres

      Industrial Building in Prime Location

      8,400 sqft industrial building ideal for manufacturing and warehousing.
      192 East Main Street Ct, Adamant, VT 05855
      View Details
    • $899,900

      Industrial Building on East Main

      8,400 SF industrial building ideal for manufacturing and warehousing.
      192 East Main St, Newport, VT 05855
      View Details
    • $349,900
      0.53 Acres

      Newport City Commercial Opportunity

      Versatile commercial property with retail, warehouse, and automotive potential.
      103 Coventry St, Adamant, VT 05855
      View Details
    • $699,000
      41.00 Acres

      41-Acre Commercial Land Opportunity

      41 acres in Newport City, VT, potential for development.
      - Mt Vernon St, Newport City, VT 05855
      View Details
    • $249,000
      2,046 SF

      Newport City Multi-Family Investment Property

      Two-unit investment property in Newport City with numerous renovations.
      35 Spring St, Newport City, VT 05855
      View Details
    • New
      $1,500,000
      8.85 Acres

      Permitted Development Land in Newport

      19 build-ready lots with utilities in Newport City, Vermont.
      Stonewall St, Newport City, VT 05855
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Newport City Office Suite

      Private office suite in prime Newport location available for lease.
      33 Oak St, Adamant, VT 05855
      View Details
    • $10 SF/Yr
      16,437 SF

      Retail Space in Newport Plaza

      Retail spaces available in high-traffic Newport Plaza near I-91.
      59 Waterfront Plz, Newport, VT 05855
      View Details
    • $9,800 /Mo

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      266 Main St, Newport, VT 05855
      View Details
    • Contact for pricing
      28,314 SF

      Downtown Retail Space Available

      Large retail building with parking in Newport City, Vermont.
      266 Main Street Ct, Adamant, VT 05855
      View Details
    • Contact for pricing
      80,193 SF

      Shaw's Plaza: Retail Space Available

      Vermont Retail Center - 3 Spaces Available
      4340 Us-5, Newport, VT 05855
      View Details
    • Contact for pricing
      23,511 SF

      Newport City Commercial Facility

      23,511 SF former nursing home on 4.6 acres.
      148 Prouty Dr, Adamant, VT 05855
      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.
    81 Main St
    Newport, VT 05855-5170
    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!