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 Market157
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) 724-4721
Listed By:
Brian Garbutt · License #01215482
Source:
Moodyscre
Added: Feb 25
Changed: Jul 28
Last Checked: Aug 1 at 5:11AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.5k | $29.88 |
| − Vacancy | −$6.9k | −$3.66 |
| EGI | $49.6k | $26.22 |
| − OpEx | −$12.4k | −$6.55 |
| NOI | $37.2k | $19.66 |
1,890 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
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.
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
Questions? Ask Rey
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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
