Property profile

8 Wright St Westport, CT 06880

FOR LEASE
Commercial real estate
Property ID
US15-0691411
3.43 ac lot
Entity Owned 2-yr Hold Free & Clear
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Property summary

AI-generated overview

This Class A, 13,101 square foot office building at 8 Wright Street, Westport, CT 06880, offers a variety of flexible workspace solutions. Located in Fairfield County, this property boasts 350 suites, with 5,970 square feet currently vacant. The building underwent renovations in 2019 and features amenities such as elevators. Spaces range from 10 square feet minimum to a maximum contiguous space of 1,300 square feet, catering to businesses of all sizes. The building offers executive office suites, coworking spaces, and creative office options, perfect for professionals seeking a modern and stylish workspace. Enjoy a relaxing location overlooking the Saugatuck River, with easy access to major highways and a train station providing convenient access to New York City. The property's convenient location is near waterfront cafes and is situated in a dynamic area known for financial services and corporate headquarters. On-site amenities include a landscaped courtyard, ideal for breaks or client meetings. Fully furnished and equipped private offices are available, tailored to individual business needs, ranging from serviced offices to custom spaces and day offices. A benefits program with exclusive discounts and procurement support is also offered.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 3.43 ac (149,411 SF)
Zoning code GBD_AA
APN WPOR M:C09 L:038-000
UPID US15-0691411

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Architect
  • Law Firm Child Welfare Organization
  • Law Firm
  • Law Firm
  • Law Firm

Location

8 Wright St Westport, CT 06880
Westport metro Census 50100 BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$495k

Owner & transaction history

since 2024
7 recorded transactions
2024
Price N/A
2022
Price N/A
2019
Price N/A
2014
Price N/A
2007
$3.2M
2005
$24.8M
1999
Price N/A

Zoning & alternative use

GBD_AA · Westport, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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