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Westport Place 1698 Post Rd E 9,971 SF 99% Leased Office Building Westport, CT 06880 $2,150,000 ($215.63/SF) 7.49% Cap Rate
Investment Highlights
- Strong Cashflow
Executive Summary
This building is 100% leased with great investment potential for long term redevelopment.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$253,000
|
$25.37
|
| Other Income |
$17,500
|
$1.76
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$270,500
|
$27.13
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$109,500
|
$10.98
|
| Net Operating Income |
$161,000
|
$16.15
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $253,000 |
| Annual Per SF | $25.37 |
| Other Income | |
|---|---|
| Annual | $17,500 |
| Annual Per SF | $1.76 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $270,500 |
| Annual Per SF | $27.13 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $109,500 |
| Annual Per SF | $10.98 |
| Net Operating Income | |
|---|---|
| Annual | $161,000 |
| Annual Per SF | $16.15 |
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
9,971 SF
Building Class
B
Year Built/Renovated
1979/2012
Price
$2,150,000
Price Per SF
$215.63
Cap Rate
7.49%
NOI
$161,000
Percent Leased
99%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,324 SF
Slab To Slab
9’
Building FAR
0.39
Lot Size
0.58 AC
Zoning
GBD - General Business District-
Medical, Therapy, Office, Office Medical, Med- Spa Permitted
Parking
40 Spaces (4.01 Spaces per 1,000 SF Leased)
Amenities
- Security System
- Signage
- Basement
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- 2A
- -
- -
- -
- -
- -
- 3A
- -
- -
- -
- -
- -
- Cyduct Diagnostics, Inc
- Manufacturing
- -
- -
- -
- -
- Dr. Cohen
- Health Care and Social Assistance
- -
- -
- Modified Gross
- Jul 2020
- Here & Now Counseling & Consulting, PLLC
- Health Care and Social Assistance
- -
- -
- -
- -
- Mat Realty, Inc.
- Real Estate
- -
- -
- -
- -
- National Builders Inc
- Construction
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| 2A | - | - | - | - | - | |
| 3A | - | - | - | - | - | |
| Cyduct Diagnostics, Inc | Manufacturing | - | - | - | - | |
| Dr. Cohen | Health Care and Social Assistance | - | - | Modified Gross | Jul 2020 | |
| Here & Now Counseling & Consulting, PLLC | Health Care and Social Assistance | - | - | - | - | |
| Mat Realty, Inc. | Real Estate | - | - | - | - | |
| National Builders Inc | Construction | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Office space on the first floor available.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 144 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 144 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 144 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Office space on the first floor available.
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | WPOR-000009I-000000-000001 | Improvements Assessment | $976,700 |
| Land Assessment | $502,700 | Total Assessment | $1,479,400 |
Property Taxes
Parcel Number
WPOR-000009I-000000-000001
Land Assessment
$502,700
Improvements Assessment
$976,700
Total Assessment
$1,479,400
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Westport Place | 1698 Post Rd E