Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4440 Von Karman Ave Newport Beach, CA 92660-2088
    Back to Search
    Property profile & analytics

    4440 Von Karman Ave, Newport Beach, CA 92660-2088

    View on Map
    • Showrooms
    • 0.64 lot acres
    Off-Market
    Last Sale Jun 10, 2024
    $1,438,000
    Property ID
    US10-3009468
    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.
    Value Estimations
    $1,440,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nicole A Garcia, MD / Physician / Alternative Medicine Practice
    • Triqor Group / Real Estate Agency
    • BellaVita Clinics - Dr. Michael Grossman Newport Beach, CA / Medical Clinic
    • Design Intervention / Interior Design / Home Decor Store
    • Vimpex International Corporation / Big Box & Wholesale Store

    Property Details for 4440 Von Karman Ave

    Lot size
    0.64 lot acres
    Property type
    Showrooms
    APN
    445-131-09
    APU
    44513109

    Description

    Waypoint Newport, a three-story Class B medical office building located at 4440 Von Karman Ave, Newport Beach, CA 92660, presents a unique investment opportunity. This 45,501 square foot property, built in 1975 and extensively renovated in 2023, boasts eight individual units ranging in size from 2,200 to 11,000 square feet. The building has recently received approval for medical use, making it ideal for a variety of healthcare practices. The common areas and restrooms have undergone a complete modernization, offering a fresh and updated aesthetic. Situated in Orange County, this property benefits from a highly desirable location in Newport Beach. The building's current vacancy status presents a chance for immediate occupancy and customization to suit a buyer's specific needs. This is a rare opportunity to acquire a well-maintained, recently renovated medical office building in a prime Southern California location. The property is currently offered for sale by owner. The building's size and unit configuration offer flexibility for both single-tenant occupancy or multi-tenant use. This is an exceptional opportunity to establish or expand a medical practice in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,440,000
      ML approach
      $1,440,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.861
    Latitude
    33.6663
    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
    2023
    $199,565
    $9,296,773
    $8,061,391
    $17,358,164
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $545,000
      1.04 Acres

      5180 Birch St

      SHOW ROOM, WAREHOUSE
      5180 Birch St, Newport Beach, CA 92660-2117
      View Details
    • Value Estimation
      $545,000
      1.14 Acres

      3610 Birch St

      SHOW ROOM, WAREHOUSE
      3610 Birch St, Newport Beach, CA 92660-2688
      View Details
    • Value Estimation
      $520,000
      0.42 Acres

      5190 Campus Dr

      SHOW ROOM, WAREHOUSE
      5190 Campus Dr, Newport Beach, CA 92660-2103
      View Details
    • Value Estimation
      $685,000
      0.75 Acres

      13 Corporate Plz Dr

      SHOW ROOM, WAREHOUSE
      13 Corporate Plz Dr, Newport Beach, CA 92660-7987
      View Details
    • Value Estimation
      $525,000
      1.17 Acres

      7 Corporate Plz Dr

      SHOW ROOM, WAREHOUSE
      7 Corporate Plz Dr, Newport Beach, CA 92660-7904
      View Details
    • Value Estimation
      $790,000
      1.17 Acres

      Newport Beach, CA 92660

      SHOW ROOM, WAREHOUSE
      Newport Beach, CA 92660
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,794 SF

      Renovated Automotive Showcase in Newport

      Completely renovated automotive showcase in Newport Beach's Airport Area.
      4040 Campus Dr, Newport Beach, CA 92660
      View Details
    • Contact for pricing
      991 SF

      Newport Beach Equestrian Estate Opportunity

      Rare equestrian estate with stable and Back Bay trail access.
      2173 Orchard Dr, Newport Beach, CA 92660
      View Details
    • Contact for pricing

      Newport Beach Equestrian Estate

      Rare opportunity: expansive lot with equestrian facilities and trail access.
      2173 Orchard Dr, Newport Beach, CA 92660
      View Details
    • Contact for pricing
      17,556 SF

      Newport Beach Turnkey Office Campus

      Premium office space in prestigious Newport Beach business location.
      6 Upper Newport Plz, Newport Beach, CA 92660
      View Details
    • Contact for pricing
      120 SF

      620 Pmb#637 SUITE 1100, Unit california

      Zero-fee Processing | Opulence Pay
      620 Pmb#637 SUITE 1100, Newport Beach, CA 92660
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,564 SF

      Shell Condition Office/Retail Space

      Shell condition office and retail space available for rent.
      301 Bayview Cir, Newport Beach, CA 92660
      View Details
    • Contact for pricing

      Newport Beach Retail Space Available

      Retail spaces available, ranging from 3,060 to 28,369 SqFt.
      1301 Dove St, Newport Beach, CA 92660
      View Details
    • $3 SF/Yr

      Newport Center Freestanding Office Building

      40,000 SF office building in prime Newport Center location.
      567 San Nicolas Dr, Newport Beach, CA 92660
      View Details
    • Contact for pricing

      Newport Beach Office Space Available

      Four-story office building with move-in ready suites and free parking.
      Newport Beach, CA 92660
      View Details
    • Contact for pricing

      Newport Beach Office Building For Rent

      Two-story office building in the heart of Newport Beach.
      3636 Birch St, Newport Beach, CA 92660
      View Details
    • $2 SF/Yr

      Newport Beach Garden Office Building

      Garden office building in prime Newport Beach location for lease.
      1200 Quail St, 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.
    4440 Von Karman Ave
    Newport Beach, CA 92660-2088
    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

    Thank You for Inquiry
    4440 Von Karman Ave, Newport Beach, CA, 92660
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!