Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3990 Westerly Pl Newport Beach, CA 92660

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space featuring private offices, huddle rooms, and open area.

    Property size:
    3,438 SF
    Lot size:
    1.47 Acres

    Property Features for 3990 Westerly Pl

    General Information

    Size
    3,438 SF
    Lot size
    1.47 Acres

    We can help!

    Listing Contact
    Allison Kelly
    Source: Moodyscre

    Listing Agency: CBRE Listing Agent: Allison Kelly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Newport Beach Office Space Available

    This office space, located in Newport Beach, California, offers 1,632 square feet of area. The layout includes two private offices, two huddle rooms, a break room, and an open area equipped with workstations. The property is suitable for office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Veffer Productions Film Production LRM Landscape Architecture Landscaping Stroma Medical Corporation Medical Clinic Newport Psychology Center Physician Dr Melia Wallin, ... Physician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Spa & Massage Center Hair Salon Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.8683858
    Latitude
    33.6629756

    Nearby Similar for Lease

    • New
      $12,000 /Mo
      2,500 SF

      Luxury Office Space in Newport

      Stunning office space on PCH with bay views.
      980 W Coast Blvd, Newport Beach, CA 92663
      View Details
    • $4,000 /Mo
      220 SF

      Remodeled Office Space on Balboa

      Remodeled office space in prime location available for lease.
      1306 Park Ave, Newport Beach, CA 92662
      View Details
    • Contact for pricing

      Corona del Mar Office Suites

      Professional office suites in Corona del Mar Village for lease.
      2660 E Coast Blvd, Corona del Mar, CA 92625
      View Details
    • $15,565 /Mo

      Luxury Retail Space in Corona

      Prime retail space in affluent Corona del Mar Village.
      3519 E Coast Blvd, Corona del Mar, CA 92625
      View Details
    • $12,000 /Mo

      Stunning Office Space on PCH

      Office space on PCH with bay views and balcony.
      980 W Coast Blvd, Newport Beach, CA 92663
      View Details
    • Contact for pricing

      Class A Office Building For Rent

      Six-story Class A office building near John Wayne Airport.
      4590 Macarthur Blvd, Newport Beach, CA 92660
      View Details
    • $15,565 /Mo

      Luxury Retail Space in Corona

      Prime retail space in affluent Corona del Mar Village.
      3519 E Coast Blvd, Corona del Mar, CA 92625
      View Details
    • New
      Contact for pricing

      Dove Street

      Discover many ways to work your way in Dove Street
      895 Dove St, Newport Beach, CA 92660
      View Details
    • Sponsored
      New
      Contact for pricing

      Birch Street

      Discover many ways to work your way in Birch Street
      5000 Tower, Newport Beach, CA 92660
      View Details
    • Contact for pricing
      7,402 SF

      Modern Office Campus For Rent

      Two-building office campus with indoor/outdoor space in Newport Beach.
      1300 Dove St, Newport Beach, CA 92660
      View Details
    • New
      $2 SF/Yr
      1,125 SF

      Fully Leased Office Building

      Office building in Newport Beach, currently 100% leased.
      20250 SW Acacia St, Newport Beach, CA 92660
      View Details
    • Contact for pricing
      24,789 SF

      Newport Beach Boutique Office Building

      Boutique office building with easy access to freeways and airport.
      1201 Dove St, Newport Beach, CA 92660
      View Details

    FAQs

    What type of property is this?
    Office units - Office space featuring private offices, huddle rooms, and open area.
    Where is this office units located?
    The property is located at 3990 Westerly Pl Newport Beach, CA.
    What are key features of this property?
    This property features: - Two private offices offer dedicated workspace.; - Two huddle rooms facilitate small team collaboration.; - Open area with workstations provides flexible work arrangements.
    (949) 725-8474 Call to check price and availability
    Request Owner's contact information
    3990 Westerly Pl Newport Beach, CA 92660
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3990 Westerly Pl
    Newport Beach, CA 92660
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3990 Westerly Pl Newport Beach, CA 92660
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Allison Kelly
    Real Estate License ID: 01417664
    (949) 725-8474 (949) 725-8500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!