Equipped Chinese
For Sale
$580,000
3142 W Balboa Blvd, Newport Beach, CA 92663
Interior amenities include a private patio, dedicated dumpling preparation area, and beverage service bar.
Property Size2,083 SF
Price / SF$278.44
Days on Market8
Property Features for 3142 W Balboa Blvd
General Information
Standard status
Active
Size
2,083 SF
Property subtype
COMMERCIAL
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Business Included
Yes
Amenities
private outdoor patio
Listing Agency:
Brighten Real Estate Advisors
Listed By:
Solomon Lao · License #00997151
(909) 979-9898
Source:
Altamirarealty
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 12 at 11:33PM
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 Brighten Real Estate Advisors
Investment Insights
Based on property information with market context.
This Newport Beach restaurant occupies approximately 2,083 SF of interior space and includes a private outdoor patio. The dining room is complemented by an open kitchen with a dumpling preparation area, a commercial kitchen, a bar and beverage service area, and restaurant equipment. The current food concept centers on Xiao Long Bao, dumplings, and Chinese cuisine.
The premises are within walking distance of the beach. The existing lease has approximately 3 years and 2 months remaining, with two additional 5-year extension options. Any lease assignment requires landlord approval.
The premises are within walking distance of the beach. The existing lease has approximately 3 years and 2 months remaining, with two additional 5-year extension options. Any lease assignment requires landlord approval.
Key Highlights
- Approximately 2,083 SF of interior restaurant space
- Private outdoor patio
- Open kitchen with a dumpling preparation area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,847
Cap Rate
8.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,940
$936.9K
Cap Rate 7%
$669,243
$669.2K
Cap Rate 9%
$520,522
$520.5K
Market Conditions
NOI Build-Up for 2,083 SF
Gross rent
$70.7K $33.96/SF
− Vacancy
−$8.3K −$3.97/SF
EGI
$62.5K $29.99/SF
− OpEx
−$15.6K −$7.50/SF
NOI
$46.8K $22.49/SF
Area
Orange County, CA
Vacancy
11.70%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$936,940
Cap Rate 7%
$669,243
Cap Rate 9%
$520,522
Alternative Uses
Best Use
Specialty Retail
$669.2K
$585.6K – $780.8K
NOI $46,847 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$699.6K
$612.2K – $816.3K
NOI $48,975 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
2,944
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92663, CA
20,812
Population
12,348
Households
1.7
Avg Household Size
42
Median Age
64%
College-Educated
97%
High-School Grad
3.3 sq mi
ZIP Area
6,307
Density / Sq Mi
$138,271
Median Household Income
$77,157
Median Earnings
$2,717
Median Rent
$2,000,001
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Interior amenities include a private patio, dedicated dumpling preparation area, and beverage service bar.
Where is this conventional restaurant located?
The property is located at 3142 W Balboa Blvd Newport Beach, CA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Approximately 2,083 SF of interior restaurant space; Private outdoor patio; Open kitchen with a dumpling preparation area
