Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3300 Irvine Ave Newport Beach, CA 92660

    • Commercial real estate
    • 75,717 SF
    • 3.24 lot acres
    For Lease
    View listing
    Last Sale
    Oct 23, 2023
    $18,500,000
    Value Estimations
    $18,535,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1787125
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Deason & Archbold / Law Firm
    • InstaMed / (Bike/Boat/Book/etc) Store / Corporate Office
    • Brandow & Johnston / Engineering Consultant
    • Duque & Price Injury Attorneys / Law Firm
    • Paragon Psychotherapy / Physician / Medical Clinic

    Property Details for 3300 Irvine Ave

    Year built
    1980
    Lot size
    3.24 lot acres
    Property size
    75,717 SF
    Property type
    Commercial real estate
    APN
    439-362-02
    APU
    43936202

    Description

    This exceptional three-story Class B office building, totaling 22,532 square feet, is ideally situated at 3300 Irvine Avenue in Newport Beach, California, 92660. Built in 1980 and extensively renovated in 2015, the property offers a variety of flexible spaces, with a minimum divisible unit of 806 square feet and a maximum contiguous space of 4,019 square feet. The entire 22,532 square feet is currently available for lease. The building features a multi-tenant configuration, perfect for businesses of various sizes. Parking is exceptionally convenient, with abundant free surface parking (a generous 4 spaces per 1,000 square feet) and covered parking options available. Located in Orange County, this Newport Beach property provides easy access to major transportation routes and amenities. This is a rare opportunity to secure high-quality office space in a desirable location. The property's modern amenities and ample parking make it an attractive option for businesses seeking a productive and comfortable work environment. Contact us today to learn more about leasing opportunities and explore the possibilities of establishing your business in this thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,985,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $21,295,000
      6.5%
      $19,655,000
      7%
      $18,255,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,021,000
      Market price range: $15.0M - $41.0M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $22,935,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $30,660,000
      Change: +34% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $24,430,000
      Change: +7% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.877
    Latitude
    33.6594
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $210,199
    $11,000,000
    $7,500,000
    $18,500,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      19,349 SF

      5000 Tower

      Office space • 19,349 SF
      5000 Tower, Newport Beach, CA 92660
      View Details
    • Value Estimation by Request

      829 Hbr Is Dr

      COMMERCIAL (GENERAL)
      829 Hbr Is Dr, Newport Beach, CA 92660-7235
      View Details
    • Value Estimation by Request

      829 Hbr Is Dr

      COMMERCIAL (GENERAL)
      829 Hbr Is Dr, Newport Beach, CA 92660-7235
      View Details
    • Value Estimation by Request

      829 Hbr Is Dr

      COMMERCIAL (GENERAL)
      829 Hbr Is Dr, Newport Beach, CA 92660-7235
      View Details
    • Value Estimation by Request

      829 Hbr Is Dr

      COMMERCIAL (GENERAL)
      829 Hbr Is Dr, Newport Beach, CA 92660-7235
      View Details
    • Value Estimation by Request

      829 Hbr Is Dr

      COMMERCIAL (GENERAL)
      829 Hbr Is Dr, Newport Beach, CA 92660-7235
      View Details

    Similar Nearby for Sale

    • $472,500

      Newport Beach Coastal Residence

      Two-bedroom home in Bayside Village with community amenities.
      264 Mayflower Dr, Newport Beach, CA 92660
      View Details
    • $2,795,000
      2,115 SF

      Remodeled Townhome with Panoramic Views

      Coastal townhome with Back Bay views, designer finishes, and modern elegance.
      655 Vista Bonita, Newport Beach, CA 92660
      View Details
    • $938,000

      Newport Beach Specialty Property

      Specialty property available for sale in Newport Beach, CA.
      11 Saratoga, Newport Beach, CA 92660
      View Details
    • $1,249,900
      1,279 SF

      Newport Beach Office Condo For Sale

      Office condo available for purchase in Newport Beach, California.
      4340 Von Karman Ave, Newport Beach, CA 92660
      View Details
    • $1,599,000
      1,184 SF

      Single-Level Home in The Bluffs

      Updated 3-bedroom home in desirable Newport Beach community.
      2012 Baja, Newport Beach, CA 92660
      View Details
    • $698,000

      Newport Beach Specialty Property

      Specialty property available for sale in Newport Beach, CA.
      237 Plymouth Ave, Newport Beach, CA 92660
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      190,455 SF

      Newport Beach Executive Suites

      Prestigious Office Space, 7 Suites Available
      4100 Newport Place Dr, Newport Beach, CA 92660
      View Details
    • $42 SF/Yr
      5,000 SF

      Newport Beach Medical Office Space

      5,000 SF Available in Shared Center
      4501 Birch St, Newport Beach, CA 92660
      View Details
    • $4,800 /Mo
      1,181 SF

      Newport Beach Apartment with Garage

      Spacious 2 bed, 2 bath apartment in prime Newport Beach.
      148 Woodburne, Newport Beach, CA 92660
      View Details
    • Contact for pricing
      8,056 SF

      Newport Beach Office Space Available

      Office space available for rent in Newport Beach, California.
      4920 Campus Dr, Newport Beach, CA 92660
      View Details
    • Contact for pricing
      18,797 SF

      Newport Beach Office Space Available

      Highly upgraded office space with floor-to-ceiling glass.
      4350 Von Karman Ave, Newport Beach, CA 92660
      View Details
    • $2 SF/Yr
      10,984 SF

      Office Space with Signage Opportunity

      Office space with natural light and prominent signage options.
      4040 Macarthur Blvd, Newport Beach, CA 92660
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3300 Irvine Ave
    Newport Beach, CA 92660
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.