Newport Beach Office
For Sale
$2,460,000
6 Upper Newport, Newport Beach, CA 92660
Turnkey office property with private offices, kitchen, and climate control.
Property Size6,966 SF
Price / SF$353.14
Days on Market550
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
Changed: Mar 16
Last 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.
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,985
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,739,700
$2.7M
Cap Rate 7%
$1,956,929
$2.0M
Cap Rate 9%
$1,522,056
$1.5M
Market Conditions
NOI Build-Up for 6,966 SF
Gross rent
$208.1K $29.88/SF
− Vacancy
−$25.5K −$3.66/SF
EGI
$182.6K $26.22/SF
− OpEx
−$45.7K −$6.55/SF
NOI
$137.0K $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%
$2,739,700
Cap Rate 7%
$1,956,929
Cap Rate 9%
$1,522,056
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 authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
6,321
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
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.
