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Property profile

20301 Acacia St Newport Beach, CA 92660

OFF-MARKET
Showrooms
Property ID
US10-1992084
View Sample
7,890 SF 0.45 ac lot Built 1988
Entity Owned 6-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 1,615 square foot medical office suite is situated within the Acacia Plaza Office building at 20301 SW Acacia St, Newport Beach, CA 92660. The property, a Class B building constructed in 1990, offers a single-tenant occupancy within a larger 8,765 square foot structure. Its prime location in Orange County's Airport Area, specifically the Newport Beach Airport Area submarket, provides unparalleled convenience. Enjoy immediate access to major freeways including the San Diego (I-405), Costa Mesa (SR-55), and Corona Del Mar (SR-73) Freeways, ensuring effortless commutes for both staff and clients. The building's adjacency to the Newport Beach Golf Course offers stunning views, while a wealth of amenities are within easy reach. These include nearby restaurants, health clubs, gyms, and hotels. Furthermore, the property boasts proximity to popular attractions such as Upper Newport Bay, local beaches, Balboa Island, Fashion Island, and South Coast Plaza, enhancing its desirability and appeal. This single-tenant space presents a unique opportunity for medical professionals seeking a well-located, functional, and attractive office environment in a vibrant and convenient area. The total building size is 8,765 square feet.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1988
Total area 7,890 SF
Lot 0.45 ac (19,796 SF)
APN 439-391-25
UPID US10-1992084

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 Skin Care Clinic
  • Law Firm
  • Law Firm
  • Hair Salon Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.05M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.77M

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
$3.2M
2018
$4.5M
2015
Price N/A
2008
Price N/A
1996
$725,000
1995
$575,000

Zoning & alternative use

Top alternative use upside
Industrial (general) $2.5M +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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