Newport Beach Office
6 Upper Newport Newport Beach, CA 92660
6 Upper Newport, Newport Beach, CA, 92660
$2,460,000
For Sale
$2,460,000
Turnkey office property with private offices, kitchen, and climate control.
Property Size6,966 SF
Price / SF$353.14
Days on Market457
Property Features for 6 Upper Newport
General Information
- Standard status
- Active
- Size
- 6,966 SF
Building Details
- Year Built
- 1980
Listing agency
LUXRE REALTY, INC.
Listed by
MICHAEL BENTE
Source
Corcoran
Added: Apr 21, 2025 Updated: Mar 16 at 9:09AM Checked: Mar 16 at 9:09AM
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 LUXRE REALTY, INC.
Investment Insights
Based on property information with market context.
This property features 6,966 square feet of office space, including 12 private offices, a full kitchen equipped with a range and refrigerator/freezer, and a washer and dryer. It also includes an executive office with a private bathroom and shower, three secretarial cubicles, his and hers restrooms, patios, and dedicated break and storage rooms. Each office has its own heating and air conditioning unit, providing personalized climate control. This Newport Beach office property is designed to support business growth, client engagement, and employee satisfaction. The property is available for purchase. There is also an opportunity to acquire the adjacent parcel.
Key Highlights
- Turnkey 6,966 sq ft office space featuring 12 private offices, kitchen, and multiple amenities.
- Valued at $4,960,000, confirmed by a recent March 2025 appraisal.
- Each office has individual heating and air conditioning units for personalized climate control.
Local 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 | $208.1k | $29.88 |
| − Vacancy | −$25.5k | −$3.66 |
| EGI | $182.6k | $26.22 |
| − OpEx | −$45.7k | −$6.55 |
| NOI | $137.0k | $19.66 |
6,966 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.96M
$1.71M – $2.28M
NOI $136,985 @ 7.0% cap · market cap 5.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.34M
$2.05M – $2.73M
NOI $163,782 @ 7.0% cap · market cap 6.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Spaces
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FAQs
What type of property is this?
Office space - Turnkey office property with private offices, kitchen, and climate control.
Where is this office space located?
The property is located at 6 Upper Newport Newport Beach, CA.
What is the asking price?
The asking price for this property is $2,460,000.
What are key features of this property?
This property features: Turnkey 6,966 sq ft office space featuring 12 private offices, kitchen, and multiple amenities.; Valued at $4,960,000, confirmed by a recent March 2025 appraisal.; Each office has individual heating and air conditioning units for personalized climate control.
