Listing Agency: CBRE - Orange County a***@cbre.com Show Phone

Listed By: Anthony Delorenzo · License #CA 01706686

Source: Crexi

Added: Jul 21 Changed: Aug 31 Last Checked: Aug 31 at 2:47AM

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Investment Insights

Based on property information with market context.

Newport Diagnostic Center is an office building containing 12,500 SF. The property is offered for sale and is located at 1605 Avocado Avenue in Newport Beach, California 92660. The offering is identified with a 4.62% CAP rate.

Key Highlights

• 12,500 SF office building
• 4.62% CAP rate
• 1605 Avocado Avenue, Newport Beach, CA 92660

Property Analytics

Property Profile

Current Use

Dr Morcos Physician Jason B. Cohen, ... Physician Dr. Hazem Chehabi, ... Physician Dr. Margaret M. ... Physician Singha Malwinder MD Physician

Suggested Use

Top Pick Auto Parts Store Electrical Service Grocery & Convenience Store Garden Center Plumbing Service Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,928

Businesses Nearby

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

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Office property identified as Newport Diagnostic Center and offered for sale in Newport Beach.

Where is this office building located?

The property is located at 1605 Avocado Avenue Newport Beach, CA.

What are key features of this property?

This property features: 12,500 SF office building; 4.62% CAP rate; 1605 Avocado Avenue, Newport Beach, CA 92660