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    Newport Irvine Medical Center Suites Title is generated by Realmo AI

    3300 Irvine Ave, Newport Beach, CA 92660

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    Class A medical office suites available for lease.

    Type:Office
    Property size:
    50,000 SF
    Added:
    Aug 27, 2024
    Days on Market:
    645
    Last Refresh:
    May 12 at 9:24 pm

    Property Features for 3300 Irvine Ave

    General Information

    Standard status
    Active
    Size
    50,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 3300 Irvine Ave Contact us

    110 $4/Mo

    Size
    5,258 SF
    Type
    Office
    Suite 110 (Contiguous up to 13,505 RSF)n• Space Available: 5,258 SFn• Lease Rate:...
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    Contact us

    308 $4/Mo

    Size
    12,308 SF
    Type
    Office
    Suite 308 (Divisible to 5,000 RSF)n• Space Available: 12,308 SFn• Lease Rate:...
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    Contact us

    116 $5/Mo

    Size
    2,430 SF
    Type
    Office
    Suite 116n• Space Available: 2,430 SFn• Lease Rate: $5.25/SFn• Lease Type:...
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    106 $4/Mo

    Size
    8,247 SF
    Type
    Office
    Suite 106 (Contiguous up to 13,505 RSF)n• Space Available: 8,247 SFn• Lease Rate:...
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    315 $4/Mo

    Size
    12,517 SF
    Type
    Office
    Suite 315n• Space Available: 12,517 SFn• Lease Rate: $4.80/SFn• Lease Type:...
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    112 $4/Mo

    Size
    9,682 SF
    Type
    Office
    Suite 112n• Space Available: 9,682 SFn• Lease Rate: $4.95/SFn• Lease Type:...
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    We can help!

    Listing Contact
    Bryan McKenney
    Bryan McKenney

    Listing agent Bryan McKenney License #CA 01505792

    Listing office Med West Realty

    Listing date Aug 27, 2024

    Source Crexi

    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 Med West Realty

    HighLights

    • New Class A medical office space in the highly sought‑after Newport Beach submarket.
    • Excellent accessibility from 3 major thoroughfares and minutes from John Wayne Airport.
    • Located in a proven successful medical market with high growth.
    • Flexible suite opportunities ranging from 5,000 to 50,000 RSF, including potential for HCAI compliant ground floor space.
    • Grand entrance with new 3‑story atrium and floor‑to‑ceiling glass lines providing natural light.
    • Signage opportunities available with certain suite requirements.

    Overview

    The Newport Irvine Medical Center is being transformed into a state-of-the-art medical office building in Newport Beach, California. The building is designed to cater to the area’s consumer base, providing an experience for patients and medical professionals. Suites range from 5,000 to 50,000 square feet, with full floor opportunities available. A potential 25,000 square feet HCAI compliant ground floor is available. The location offers accessibility from Laguna Freeway (SR-133), State Route 55 (SR-55), and San Diego Freeway (I-405), and is located minutes from John Wayne Airport. The location is positioned to serve a population of 1.3 million and growing within a 15 minute drive. Building top, eyebrow, and monument signage opportunities are available with suite requirements and restrictions. The building features a grand entrance with a new 3 story atrium and floor to ceiling glass lines. Centralized stairwells create a wellness focused environment. High quality finishes with accents create an aesthetic. Renovations are projected to be completed in Q4 2026. Available suites include: Suite 106 with 8,247 square feet, Suite 110 with 5,258 square feet, Suite 112 with 9,682 square feet, Suite 116 with 2,430 square feet, Suite 308 with 12,308 square feet, and Suite 315 with 12,517 square feet. All suites are shell spaces ready for tenant customization.
    Property Profile Location Intelligence

    Current Use by Public Records

    Deason & Archbold Law Firm InstaMed (Bike/Boat/Book/etc) Store Brandow & Johnston Engineering Consultant Duque & Price Injury ... Law Firm Paragon Psychotherapy Physician

    Suggested Use

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

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

    Similar Places Nearby

    • Central Orange County Emergency Animal Hospital — 3720 Campus Dr suite d, Newport Beach, CA 92660
    • VCA Airport Irvine Animal Hospital — 1206 Bristol St, Costa Mesa, CA 92626
    • Animal Dermatology Management Group — 2424 SE Bristol St #250, Newport Beach, CA 92660
    • Dr. Gail Renehan — 1206 Bristol St, Costa Mesa, CA 92626
    • Haley Tara L DVM — 1206 Bristol St, Costa Mesa, CA 92626

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.8776102
    Latitude
    33.6596413

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    FAQs

    What type of property is this?
    Medical Office Space - Class A medical office suites available for lease.
    Where is this medical office space located?
    The property is located at 3300 Irvine Ave Newport Beach, CA.
    What is the lease rate?
    The lease rate is $57 SF/Yr.
    What are key features of this property?
    This property features: New Class A medical office space in the highly sought‑after Newport Beach submarket.; Excellent accessibility from 3 major thoroughfares and minutes from John Wayne Airport.; Located in a proven successful medical market with high growth.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bryan McKenney
    Bryan McKenney
    Real Estate License ID: CA 01505792
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    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.

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