Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    18 Kings Hwy N Westport, CT 06880

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Fully leased office building near Main Street and transportation.

    Property size:
    6,320 SF
    Lot size:
    0.49 Acres

    Property Features for 18 Kings Hwy N

    General Information

    Size
    6,320 SF
    Lot size
    0.49 Acres

    We can help!

    Listing Contact
    Penny Wickey
    Penny Wickey
    Source: Moodyscre

    Listing Agent: Penny Wickey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Contemporary Westport Office Building

    This is a contemporary three-story office building featuring 6,320 square feet. The building was fully renovated in 2004. It is currently fully leased and offers ample natural light. The property includes a beautiful atrium lobby and on-site parking; the parking lot was resurfaced in 2024. The building is located in close proximity to Main Street shops, restaurants, and other amenities. It offers easy access via Post Road West/Route 1 and is less than two miles from the Connecticut Turnpike (I-95) and the Westport train station. The property is also less than 8 miles from the Merritt Parkway (Route 15).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Burnham J Randolph ... Psychologist Congruent Insurance Solutions Insurance Agency Cereset Westport Wellness Program LEARGAS CAPITAL LLC Investment Company Field & Stream Licensing City Government Office

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westport
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.375432
    Latitude
    41.1303835

    Nearby Similar for Sale

    • $1,825,000
      1,300 SF

      Vintage Modern 1 Bed+Den Residence

      Third-floor unit with high-end finishes and extensive amenities.
      41 Richmondville Ave, Westport, CT 06880
      View Details
    • $8,975,000

      Restored Williamsburg Building on Acres

      2.065 acres with restored building suitable for various uses.
      215 Post Rd W, Westport, CT 06880
      View Details
    • $900,000
      0.38 Acres

      Westport Residential Land with Apartment

      Residential property with accessory apartment, new septic system, convenient location.
      489 Main St, Westport, CT 06880
      View Details
    • $1,375,000
      1,300 SF

      Historic Mill Westport Residence

      One bed plus den residence with historic details and amenities.
      41 Richmondville Ave, Westport, CT 06880
      View Details
    • $3,300,000
      10,593 SF

      Post Road East Retail Properties

      Contiguous retail properties with redevelopment potential in prime location.
      979 Post Rd E, Westport, CT 06880
      View Details
    • $2,550,000
      1,760 SF

      Luxury Home with Private Rooftop

      Impressive home featuring a private rooftop terrace and high-end amenities.
      41 Richmondville Ave, Westport, CT 06880
      View Details
    • $2,550,000

      Luxury Apartment with Private Terrace

      High-end apartment featuring a private rooftop terrace and premium amenities.
      41 Richmondville Ave, Westport, CT 06880
      View Details
    • $600,000
      1,386 SF

      Renovated Condo in Birchwood Complex

      Renovated 3-bedroom condo with lease in place until May 2026.
      52 Hills Ln, Westport, CT 06880
      View Details
    • $1,375,000

      Historic Mill Westport Residence

      One bed plus den residence with historic details and amenities.
      41 Richmondville Ave, Westport, CT 06880
      View Details
    • $1,500,000
      895 SF

      Boutique Retail Space on Main

      Prime Westport retail property fully leased to Skin Laundry.
      135 Main St, Westport, CT 06880
      View Details
    • $1,825,000

      Luxury Condo with Den

      One-bedroom plus den condo with high-end amenities.
      41 Richmondville Ave, Westport, CT 06880
      View Details
    • $25,000,000

      Waterfront Property with Architectural Masterpiece

      Long Island Sound waterfront property featuring a modern architectural masterpiece.
      128 Beachside Ave, Westport, CT 06880
      View Details

    FAQs

    What type of property is this?
    Office building - Fully leased office building near Main Street and transportation.
    Where is this office building located?
    The property is located at 18 Kings Hwy N Westport, CT.
    What are key features of this property?
    This property features: - Fully leased, contemporary office building.; - Ample on-site parking (lot resurfaced 2024).; - Convenient location: close to Main Street shops and restaurants.
    (203) 856-6621
    Request Owner's contact information
    18 Kings Hwy N Westport, CT 06880
    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.
    18 Kings Hwy N
    Westport, CT 06880
    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
    18 Kings Hwy N Westport, CT 06880
    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

    We can help!
    Listing Contact
    Penny Wickey
    Penny Wickey
    (203) 856-6621
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.