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    86 Main St Ludlow, VT 05149
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    86 Main St Ludlow, VT 05149

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    • Commercial real estate
    • 6,069 SF
    • 0.44 lot acres
    For Sale
    $1,350,000
    View Listing →
    Turnkey Village Inn and Restaurant For Sale
    $1,350,000
    6,069 SF

    Turnkey Village Inn and Restaurant

    Fully furnished inn and restaurant near Okemo Mountain Ski Resort.

    86 Main Street, Ludlow, VT 5149
    View Listing
    Property ID
    US89-0015195
    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

    • The Governor's Inn / Bed & Breakfast / Restaurant

    Property Details for 86 Main St

    Year built
    1890
    Lot size
    0.44 lot acres
    Property size
    6,069 SF
    Property type
    Commercial real estate

    Description

    This exceptional 6,069 sq ft, Class A, Victorian Inn, built in 1890 and extensively renovated in 2020, presents a lucrative investment opportunity. Located on a 0.44-acre lot in downtown Ludlow, Vermont (05149), this property boasts 9 guest rooms, each with a private bath, and features gas fireplaces or Vermont cast-iron stoves in six rooms, and spa tubs in two. The inn includes a separate two-bedroom, two-bathroom owner's house, providing a distinct separation between personal and business life. The main building features two buildings and three stories, with common areas, breakfast/dining rooms, a commercial kitchen with a walk-in cooler and dishwashing area, and a butler's pantry. Recent upgrades include a full sprinkler system, new fire alarm system, boiler, water heater, heat-pump system for guest rooms and dining area, commercial dishwasher, dryers, and freezer. Most bathrooms have been recently updated. The inn benefits from a strong Net Operating Income (NOI) of $164,000, representing a 9.7% cap rate, and enjoys high ratings on major booking platforms. Its prime location near Okemo Mountain and other attractions ensures year-round occupancy and diverse revenue streams. The permitted zoning is Village. This turnkey operation offers significant potential for growth and is priced at $1,690,000 ($278.46/sq ft). The current occupancy rate is 35%. The property is part of a collaborative network of four inns in Southern Vermont, offering a unique walking experience for guests during the warmer months.

    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
    Ludlow
    County
    Windsor
    State
    Vermont
    Longitude
    -72.6941542
    Latitude
    43.3967189

    Comparable in this City

    • $2,400,000

      Historic Inn Near Ski Resorts

      Full-service Vermont inn near Okemo and Killington ski resorts.
      2 Dublin Rd, Plymouth, VT 05149
      View Details
    • $1,350,000
      Pending

      Turnkey Village Inn and Restaurant

      Fully furnished inn and restaurant near Okemo Mountain Ski Resort.
      86 Main St, Ludlow, VT 05149
      View Details
    • $1,500,000
      6,510 SF

      Ludlow Restaurant & Business Opportunity

      Turnkey Restaurant, High Cash Flow, Mountain Town Location
      119 Main St, Ludlow, VT 05149
      View Details
    • $750,000
      2.07 Acres

      Okemo Mountain Residential Lot

      Residential lot with access to resort-style amenities.
      1 Timber Crk Rd, Ludlow, VT 05149
      View Details
    • $500,000
      0.94 Acres

      Okemo Mountain Building Lot

      Building lot with ski-to-door access and community pool.
      M-17 Moon Shadow Dr, Ludlow, VT 05149
      View Details
    • $1,690,000

      Ludlow Mixed-Use Investment Opportunity

      Mixed-use property in Ludlow, Vermont with income potential.
      156 Main St, Ludlow, VT 05149
      View Details

    Similar Nearby for Sale

    • $2,400,000

      Historic Inn Near Ski Resorts

      Full-service Vermont inn near Okemo and Killington ski resorts.
      2 Dublin Rd, Plymouth, VT 05149
      View Details
    • $1,350,000
      Pending

      Turnkey Village Inn and Restaurant

      Fully furnished inn and restaurant near Okemo Mountain Ski Resort.
      86 Main St, Ludlow, VT 05149
      View Details
    • $525,000

      Ludlow Village Multifamily Investment

      Three-unit property near Okemo Mountain Resort with income potential.
      11 Pleasant St, Ludlow, VT 05149
      View Details
    • $750,000
      2.07 Acres

      Okemo Mountain Residential Lot

      Residential lot with access to resort-style amenities.
      1 Timber Crk Rd, Ludlow, VT 05149
      View Details
    • $1,500,000
      6,510 SF

      Ludlow Restaurant & Business Opportunity

      Turnkey Restaurant, High Cash Flow, Mountain Town Location
      119 Main St, Ludlow, VT 05149
      View Details
    • $500,000
      0.94 Acres

      Okemo Mountain Building Lot

      Building lot with ski-to-door access and community pool.
      M-17 Moon Shadow Dr, Ludlow, VT 05149
      View Details
    View Listing
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    Ludlow, VT 05149
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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.

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