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Property profile & analytics
OFF-MARKET
Commercial land
236 Riverside Ave Westport, CT 06880
Entity Owned
4-yr Hold
Free & Clear
Property ID
US15-0260272
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.58 ac (25,265 SF)
Zoning code
RORD3
APN
WPOR M:C08 L:004-000
UPID
US15-0260272
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
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
Ceg Riverside LLC · 4 yrs held
Ceg Riverside LLC
since 2021
2 recorded transactions
Zoning & alternative use
RORD3 · Westport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ESTRICTED OFFICE-RETAIL DISTRICTS #1, 2 & 3 (RORD) 22-1 Purpose 22-2 Permitted Uses 22-2.1 Principal Uses 22-2.1.1 22-2.2 Special Permit Uses 22-2.3 Accessory Uses 22-2.4 Prohibited Uses 22-2.5 Mixed Use Requirements in RORD #3 22-3 Lot Area 22-4 Setbacks 22-4.1 In a RORD #1 22-4.2 In a RORD #2 & #3 22-4.3 Setback from the Front Lot Line within the Village D…
Zone name
Restricted Office Retail District
General category
COMMERCIAL
Zone area
8.49 ac
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
$10,720
Tax year 2023
Assessed value
$584,200
Assessed 2023
Previous assessed
$584,200
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$571,600
Assessed improvement
$12,600
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
Similar Nearby for Lease
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 land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.58 ac (25,265 SF)
Zoning code
RORD3
APN
WPOR M:C08 L:004-000
UPID
US15-0260272
Jurisdiction
WESTPORT
Zoning & alternative use
RORD3 · Westport, CTZoning RORD3 · permitted uses
RORD3 · Westport, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ESTRICTED OFFICE-RETAIL DISTRICTS #1, 2 & 3 (RORD) 22-1 Purpose 22-2 Permitted Uses 22-2.1 Principal Uses 22-2.1.1 22-2.2 Special Permit Uses 22-2.3 Accessory Uses 22-2.4 Prohibited Uses 22-2.5 Mixed Use Requirements in RORD #3 22-3 Lot Area 22-4 Setbacks 22-4.1 In a RORD #1 22-4.2 In a RORD #2 & #3 22-4.3 Setback from the Front Lot Line within the Village District Overlay 22-4.3.1 Maintenance and Minor Repairs 22-4.4 Building Spacing 22-5 Hei
Zone name
Restricted Office Retail District
General category
COMMERCIAL
Zone area
8.49 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.58 ac
Current owner
From public records · entity-resolved
Ceg Riverside LLC
Entity
Free & Clear · 4 yrs held
Mailing address
50 WASHINGTON ST FL, NORWALK, CT 06854-2710
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
—
Ceg Riverside LLC
—
Deed
related
$2,000,000 · Pcsb Bank
Dec 2, 2021
—
Ceg Riverside LLC
Anchorage Ventures LLC
Warranty Deed
—
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.
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