Building Details

Buildings 2

Listing Agency: Tidemark Real Estate Services Show Phone

Listed By: Patrick Lacey Show Phone

Source: Moodyscre

Added: Oct 27 Changed: Oct 30 Last Checked: Oct 30 at 3:16PM

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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 Tidemark Real Estate Services

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 20,100-square-foot flex property includes two buildings with warehouse clear heights ranging from 12 to 16 feet. At 845, the space is fully HVAC-equipped, with open ceilings and exposed ductwork. The spaces at 847 and 849 are approximately 80% HVAC-equipped and also feature open ceilings. Electrical service is listed at 100 amps, subject to verification.

The property is scheduled to become available on March 1, 2027.

Key Highlights

• 20,100 square feet across two buildings
• Warehouse clear heights of 12'-16'
• 845 is 100% HVAC‑equipped; 847 and 849 are approximately 80% HVAC‑equipped

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$365,708

Cap Rate

3.44%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,314,160 $7.3M

Cap Rate 7%

$5,224,400 $5.2M

Cap Rate 9%

$4,063,422 $4.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 20,100 SF

Gross rent

$668.1K $33.24/SF

− Vacancy

−$105.5K −$5.25/SF

EGI

$562.6K $27.99/SF

− OpEx

−$196.9K −$9.80/SF

NOI

$365.7K $18.19/SF

Area

Orange County, CA

Vacancy

15.79%

Lease Rate

$33.24 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$7,314,160

Cap Rate 7%

$5,224,400

Cap Rate 9%

$4,063,422

Alternative Uses

Best Use

Flex RnD

$5.22M

$4.57M – $6.10M (±1% cap)

NOI $365,708 @ 7.0% cap · market cap 3.44%

Second Best

Warehouse

$4.41M

$3.85M – $5.14M (±1% cap)

NOI $308,383 @ 7.0% cap · market cap 2.90%

Theoretical Best

Office A

$6.75M

$5.91M – $7.88M (±1% cap)

NOI $472,583 @ 7.0% cap · market cap 4.44%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Daycare Center Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service Accounting Firm Arcade & Gaming Center

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

Lease Details

16 ft

Clear height

Location Intelligence

Trade Area within ½ mile

3,957

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 Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - HVAC-equipped creative interiors pair with warehouse areas across the property.

Where is this flex space located?

The property is located at 845-849 W 16th St Newport Beach, CA.

What is the asking price?

The asking price for this property is $10,632,900.

What are key features of this property?

This property features: 20,100 square feet across two buildings; Warehouse clear heights of 12'-16'; 845 is 100% HVAC‑equipped; 847 and 849 are approximately 80% HVAC‑equipped