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

    20377 SW Acacia St Newport Beach, CA 92660

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3 SF/Yr

    Two-story office building with remodeled lobby near John Wayne Airport.

    Building Details

    Year built
    2003

    We can help!

    Listing Contact
    Kylee King
    Kylee King
    Source: Lee-associates

    Listing Agency: Lee & Associates Listing Agent: Kylee King

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

    Learn more

    Property Insight Report

    Overview

    Remodeled Office Building Near Airport

    This is a 2-story office building featuring a recently remodeled lobby. The property is zoned for business park use, accommodating professional and medical healthcare tenants. Its location offers close proximity to the 55, 405, and 73 Freeways, and is situated in a prime area near John Wayne Airport. The property includes move-in ready spec suites. The property size is 25918 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    David Safani Physician The Neurodivergent Collective Medical Clinic California Pharmacy Management ... Pharmacy BLD Brands, LLC Corporate Office Dr. John Huang Psychotherapist

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Law Firm Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.87993
    Latitude
    33.6575676

    Nearby Similar for Lease

    • $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
    • 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
    • Sponsored
      Contact for pricing

      Dove Street

      Discover many ways to work your way in Dove Street
      895 Dove St, Newport Beach, CA 92660
      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
    • $18,500 /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
      $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

      Birch Street

      Discover many ways to work your way in Birch Street
      5000 Tower, Newport Beach, CA 92660
      View Details
    • $3 SF/Yr

      Newport Center Freestanding Office Building

      40,000 SF office building in prime Newport Center location.
      567 San Nicolas Dr, Newport Beach, CA 92660
      View Details
    • $2 SF/Yr

      Newport Beach Garden Office Building

      Garden office building in prime Newport Beach location for lease.
      1200 Quail St, Newport Beach, CA 92660
      View Details
    • $2 SF/Yr
      1,493 SF

      Office Space with Signage Opportunity

      Office space with natural light and prominent signage options.
      4040 Macarthur Blvd, Newport Beach, CA 92660
      View Details
    • Contact for pricing

      Newport Beach Office Building For Rent

      Two-story office building in the heart of Newport Beach.
      3636 Birch St, Newport Beach, CA 92660
      View Details
    • Contact for pricing

      Class-A Office Building For Rent

      Class-A, 5-story office building in the heart of the airport area.
      895 Dove St, Newport Beach, CA 92660
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with remodeled lobby near John Wayne Airport.
    Where is this office building located?
    The property is located at 20377 SW Acacia St Newport Beach, CA.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - Prime John Wayne Airport location.; - Close proximity to the 55, 405 & 73 Freeways.; - Zoned business park (professional and medical healthcare).
    (949) 790-3108
    Request Owner's contact information
    20377 SW Acacia St 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.
    20377 SW Acacia St
    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
    20377 SW Acacia St 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!
    Listing Contact
    Kylee King
    Kylee King
    Real Estate License ID: 02101275
    (949) 790-3108 (949) 727-1200
    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!