Medical Office Condo
For Sale
Contact for pricing
1101 Dove St, Newport Beach, CA 92660
Office condo features extensive glass, contemporary finishes, reception, open work area, therapy space, and break room.
Property Size1,890 SF
Price / SF$650.79
Days on Market247
Property Features for 1101 Dove St
General Information
Standard status
Active
Size
1,890 SF
Property subtype
OFFICE
Additional Details
Business Included
No
Amenities
professional reception area
open work room
therapy area
break room
storage
Listing Agency:
Lee & Associates - Newport Beach
(949) 724-1000
Listed By:
Brian Garbutt · License #01215482
(949) 724-4721
Source:
Moodyscre
Added: Feb 25
Changed: Oct 25
Last Checked: Oct 28 at 9:01AM
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 Lee & Associates - Newport Beach
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condo suite is built for professional use with an extensive glass line designed to bring in natural light. The interior includes a professional reception area, an open work room, a dedicated therapy area, plus a break room and storage. Contemporary finishes are carried throughout.
The property is offered for sale.
An association cost is listed at $1,314 per month.
The property is offered for sale.
An association cost is listed at $1,314 per month.
Key Highlights
- Office condo with extensive glass line for natural light and contemporary finishes throughout
- Professional reception area plus an open work room
- Includes therapy area, break room, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,166
Cap Rate
3.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,320
$743.3K
Cap Rate 7%
$530,943
$530.9K
Cap Rate 9%
$412,956
$413.0K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$56.5K $29.88/SF
− Vacancy
−$6.9K −$3.66/SF
EGI
$49.6K $26.22/SF
− OpEx
−$12.4K −$6.55/SF
NOI
$37.2K $19.66/SF
Area
Orange County, CA
Vacancy
12.25%
Lease Rate
$29.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$743,320
Cap Rate 7%
$530,943
Cap Rate 9%
$412,956
Alternative Uses
Best Use
Office B
$530.9K
$464.6K – $619.4K
NOI $37,166 @ 7.0% cap · market cap 3.02%
Second Best
Healthcare Medical
$514.4K
$450.1K – $600.1K
NOI $36,007 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$634.8K
$555.5K – $740.6K
NOI $44,437 @ 7.0% cap · market cap 3.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,516
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92660, CA
36,259
Population
17,144
Households
2.1
Avg Household Size
46
Median Age
70%
College-Educated
98%
High-School Grad
9.6 sq mi
ZIP Area
3,777
Density / Sq Mi
$154,035
Median Household Income
$91,054
Median Earnings
$3,349
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Office condo features extensive glass, contemporary finishes, reception, open work area, therapy space, and break room.
Where is this medical office space located?
The property is located at 1101 Dove St Newport Beach, CA.
What is the asking price?
The asking price for this property is $1,230,000.
What are key features of this property?
This property features: Office condo with extensive glass line for natural light and contemporary finishes throughout; Professional reception area plus an open work room; Includes therapy area, break room, and storage
