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Property profile

1601 Avocado Ave Newport Beach, CA 92660

OFF-MARKET
Showrooms
Property ID
US09-2636613
View Sample
12,789 SF 0.9 ac lot Built 1986
Entity Owned 7-yr Hold ~ Est. High Equity

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1986
Total area 12,789 SF
Lot 0.9 ac (39,221 SF)
APN 442-081-11
UPID US09-2636613

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Physician Medical Clinic
  • Physician
  • Physician
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.32M
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
$14.2M
2018
Price N/A
2017
Price N/A
1992
$2.5M
1992
$2.5M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Industrial (general) $4.1M +6.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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