Freestanding NNN
New
For Sale
Contact for pricing
4023 Birch St, Newport Beach, CA 92660
Rental-car operations are supported by a 15-year NNN lease with renewal options.
Property Size9,506 SF
Price / SF$473.39
Days on Market5
Property Features for 4023 Birch St
General Information
Standard status
Active
Size
9,506 SF
Property subtype
INDUSTRIAL
Tenancy & Operations
Tenant in Place
Yes
In-Place Lease Type
NNN
Current Tenants
Hertz
Real Estate Included
Yes
Additional Details
Automotive Uses
vehicle rental
Listing Agency:
Patrick O'Loughlin - Broker
Listed By:
Patrick O'Loughlin
(310) 774-7555
Source:
Moodyscre
Added: Oct 21
Changed: Oct 24
Last Checked: Oct 24 at 3:04PM
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 Patrick O'Loughlin - Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding 9,506-square-foot building is currently used for rental-car operations. The property is part of a Hertz sale-leaseback, with a 15-year NNN lease term and 4-5 year renewal options.
The building is located at 4023 Birch St in Newport Beach, California.
The building is located at 4023 Birch St in Newport Beach, California.
Key Highlights
- 9,506 square feet of building area
- 15‑year NNN lease term
- 4‑5 year renewal options
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,979
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,319,580
$4.3M
Cap Rate 7%
$3,085,414
$3.1M
Cap Rate 9%
$2,399,767
$2.4M
Market Conditions
NOI Build-Up for 9,506 SF
Gross rent
$319.4K $33.60/SF
− Vacancy
−$10.9K −$1.14/SF
EGI
$308.5K $32.46/SF
− OpEx
−$92.6K −$9.74/SF
NOI
$216.0K $22.72/SF
Area
Orange County, CA
Vacancy
3.40%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,319,580
Cap Rate 7%
$3,085,414
Cap Rate 9%
$2,399,767
Alternative Uses
Best Use
Retail
$3.09M
$2.70M – $3.60M
NOI $215,979 @ 7.0% cap · market cap 4.80%
Second Best
Industrial
$1.59M
$1.39M – $1.85M
NOI $111,088 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$3.19M
$2.79M – $3.73M
NOI $223,501 @ 7.0% cap · market cap 4.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
7,224
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
NNN property - Rental-car operations are supported by a 15-year NNN lease with renewal options.
Where is this nnn property located?
The property is located at 4023 Birch St Newport Beach, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: 9,506 square feet of building area; 15‑year NNN lease term; 4‑5 year renewal options
