Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    36 Westbrook Place Westbrook, CT 6498

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,875,000

    Highly visible office campus in Westbrook's Central Business District.

    Type:Commercial/Industrial
    Property size:
    13,456 SF
    Lot size:
    1.58 Acres
    Price / SF:
    $139/SF
    Added:
    Mar 11, 2026
    Days on Market:
    51
    Last Refresh:
    Apr 6 at 3:09 am

    Property Features for 36 Westbrook Place

    General Information

    Standard status
    Active
    Size
    13,456 SF
    Lot size
    1.58 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2010

    We can help!

    Listing Contact
    Rick Weiner

    Listing agent Rick Weiner License #REB.0717625

    Listing office William Pitt Sotheby's Int'l

    Listing date Mar 11, 2026

    Source Exitrealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of William Pitt Sotheby's Int'l

    Overview

    Westbrook Office Campus For Sale

    This highly visible office campus is located in the heart of the Westbrook Central Business District. It has frontage on Rt. 153 and is a short walk from Rt 1 and the Westbrook Train Station, and less than 1/4 mile from Interstate I-95. The property, which contains a 10,000 square foot building with an elevator, may be leased for $14.50 per square foot. The property may be purchased along with related buildings on the adjacent 0.50 acre property at 70 Essex Road. The combined parcels encompass 2.08 acres containing four office buildings comprising 24,894 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Westbrook
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.4477
    Latitude
    41.2869

    Nearby Similar for Sale

    • $750,000
      5,258 SF

      Waterfront Restaurant, Sports Bar, Nightlife

      Waterfront restaurant, sports bar, and nightlife destination in Westbrook, CT.
      359 Boston Post Road, Westbrook, CT 06498
      View Details
    • $495,000
      4,974 SF

      Westbrook Office Building For Sale

      Well-maintained office building in a prime downtown location.
      70 Essex Road West Building, Westbrook, CT 06498
      View Details
    • $750,000
      5,258 SF

      Waterfront Restaurant and Nightlife Destination

      Waterfront restaurant, sports bar, and nightlife destination in Westbrook, CT.
      359 Boston Post Road, Westbrook, CT 06498
      View Details
    • $1,790,000
      5,244 SF

      Westbrook Marina Opportunity

      Established marina with mixed-use buildings and redevelopment potential.
      54 old boston post Road, Westbrook, CT 06498
      View Details
    • $425,000

      Westbrook Multifamily Property Near Beach

      Two-family property near Middle Beach, offering restoration or redevelopment potential.
      29 Salt Island Road, Westbrook, CT 06498
      View Details
    • $1,900,000
      1,600 SF

      Waterfront Marina with Restaurant Potential

      Marina with restaurant opportunity in Westbrook's thriving marine district.
      314 Boston Post Road, Westbrook, CT 06498
      View Details
    • $425,000
      1,665 SF

      Historic Westbrook Duplex Near Beach

      Charming two-family property near Middle Beach with income potential.
      29 Salt Island Road, Westbrook, CT 06498
      View Details
    • Contact for pricing
      54,286 SF

      Westbrook E-Commerce Facility For Sale

      54,286 SF e-commerce facility off Interstate 95 in Westbrook, CT.
      90 Knothe Ln, Westbrook, CT
      View Details
    • $1,790,000
      5,244 SF

      Westbrook Marina Opportunity

      Marina with mixed-use buildings and redevelopment potential in Westbrook, CT.
      54 old boston post Road, Westbrook, CT 06498
      View Details

    FAQs

    What type of property is this?
    Office building - Highly visible office campus in Westbrook's Central Business District.
    Where is this office building located?
    The property is located at 36 Westbrook Place Westbrook, CT.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: Prime location in the heart of the Westbrook Central Business District.; Excellent visibility with frontage on Rt. 153.; Convenient access to transportation: short walk to Rt 1 and Westbrook Train Station, less than 1/4 mile from I‑95.
    (860) 767-7488
    We can help!
    Listing Contact
    Rick Weiner
    Real Estate License ID: REB.0717625
    Learn More
    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.
    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!