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Property profile & analytics
FOR LEASE
Commercial real estate
1 Morningside Dr Westport, CT 06880
Entity Owned
29-yr Hold
~
Est. High Equity
Property ID
US15-0934384
For Lease
Contact for pricing
1 Morningside Dr, Westport, CT 06880
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
1.87 ac (81,457 SF)
Zoning code
BPD
APN
WPOR M:F09 L:124-000
UPID
US15-0934384
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Slim Start Lipo Center Medical Clinic
-
GOMS Westport Dental Office
-
FedEx Drop Box Postal Service Courier Service
-
Newman's Own Inc Big Box & Wholesale Store Food Market
-
FourQ Systems Inc Accounting Software Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
1 Morningside Group · 29 yrs held
1 Morningside Group
since 1996
6 recorded transactions
Zoning & alternative use
BPD · Westport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$99,206
Tax year 2023
Assessed value
$5,406,300
Assessed 2023
Previous assessed
$5,406,300
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$1,837,900
Assessed improvement
$3,568,400
Applied tax rate
138.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Heating
NONE
Cooling
YES
Buildings
3
Units
1
Lot
1.87 ac (81,457 SF)
Zoning code
BPD
APN
WPOR M:F09 L:124-000
UPID
US15-0934384
Jurisdiction
WESTPORT
Zoning & alternative use
BPD · Westport, CT
Zoning BPD · permitted uses
BPD · Westport, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
3
Units
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
1 Morningside Group
Entity
Mailing address
1 MORNINGSIDE DR N, WESTPORT, CT 06880-3847
Ownership since
1996
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2011
—
1 Morningside Group LLC
—
Deed Of Trust
related
$4,200,000 · Edgewood Mac 4 LLC
Dec 11, 2001
—
Morningside Grps
—
Deed Of Trust
related
$4,000,000 · Ids Life Ins
Jun 4, 1997
—
One Morningside Group
—
Deed Of Trust
related
$2,800,000 · Natl Life Ins
Nov 15, 1996
$3,600,000
1 Morningside Group
Morningside Ptnshp LP
Grant Deed
related
$2,650,000 · Zwi Kohorn
Nov 17, 1995
—
Morningside Ptnshp Ltd
—
Deed Of Trust
related
$24,594 · Pullman & Comley
Oct 26, 1995
—
Morningside Ptnr LP
—
Deed Of Trust
related
$150,000 · Sotavento Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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