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Property profile

200 Main St Newport Beach, CA 92661

OFF-MARKET
Investment properties
Property ID
US09-2491359
View Sample
2,909 SF 0.07 ac lot Built 1929
Entity Owned 10-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional 995-square-foot retail space presents a prime leasing opportunity in the heart of Newport Beach, California. Situated at 200 Main Street, zip code 92661, this property boasts unparalleled visibility and high foot traffic due to its location on the bustling boardwalk. The space is part of a mixed-use building, combining commercial spaces on the ground floor with residential units above. Approved for restaurant, café, or other food-related uses, this versatile space is perfectly suited for a variety of businesses seeking a vibrant and high-traffic location. Its proximity to iconic landmarks like the Balboa Pier and ferry docks ensures a constant stream of potential customers. The entire 995 square feet is currently vacant, offering immediate occupancy for a new tenant. Located in Orange County, this property offers easy access to major transportation routes and a thriving community. The address is 200 Main Street, Newport Beach, CA 92661. This is a truly unique opportunity to establish a business in one of Southern California's most desirable locations. The property's mixed-use nature provides a dynamic environment, attracting both residents and tourists alike. Don't miss this chance to secure a prominent space in a high-demand area.

Property profile

Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1929
Total area 2,909 SF
Lot 0.07 ac (3,006 SF)
APN 048-131-09
UPID US09-2491359

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$530k
CAP Approach CAP
$755k
Comparable Approach Comparable
$671k
Blend (final) Blend
$650k

Owner & transaction history

since 2016
2 recorded transactions
2016
$2.3M
2016
Price N/A

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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