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Property profile & analytics
OFF-MARKET
Estimated value
$1,440,000
Showrooms
4440 Von Karman Ave Newport Beach, CA 92660-2088
Entity Owned
~
Est. High Equity
Property ID
US10-3009468
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Lot
0.64 ac (27,863 SF)
APN
445-131-09
UPID
US10-3009468
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.44M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Elderwood Property Group LLC
Elderwood Property Group LLC
since 2026
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newport Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport Beach submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,440,000
ML approach
$1,440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.30M – $1.58M · ±10% · vs last sale $1.44M (Jun 10 2024)
Last sale anchor
$1.44M
Jun 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$199,565
Tax year 2023
Assessed value
$17,358,164
Assessed 2023
Previous assessed
$17,358,164
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$9,296,773
Assessed improvement
$8,061,391
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Heating
NONE
Stories
4
Lot
0.64 ac (27,863 SF)
APN
445-131-09
UPID
US10-3009468
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Stories
4
Lot
0.64 ac
Current owner
From public records · entity-resolved
Elderwood Property Group LLC
Entity
Mailing address
2110 RHEEM DR, PLEASANTON, CA 94588-2767
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
$1,574,000
Elderwood Property Group LLC
Scf-4440 Vka LLC
Grant Deed
$1,475,000 · Live Oak Banking Company
Feb 4, 2025
$1,410,000
Bijoo 44 LLC
Scf 4440 Vka LLC
Grant Deed
$1,127,736 · Fifth Third Bank NA
Oct 11, 2024
$1,117,500
Npb Capital Group LLC
Scf 4440 Vka LLC
Grant Deed
$837,000 · Sunwest Bank
Jun 10, 2024
$1,438,000
Greenan Development LLC
Scf 4440 Vka LLC
Grant Deed
—
Feb 23, 2024
—
Waypoint Owners Association
Scf 4440 Vka LLC
Correction Deed
related
—
Feb 8, 2024
$1,003,000
Khan & Associates Cpa INC
Scf 4440 Vka LLC
Grant Deed
—
Jan 22, 2024
—
Wayport Owners Association
Scf 4440 Vka LLC
Intrafamily Transfer
related
—
May 25, 2018
—
Scf-4440 Vka LLC
—
Grant Deed
related
$9,450,000 · Readycap Com'l
Jul 17, 2017
$5,068,500
4440 Vka Tic 3 LLC
Vka Tic IV LLC
Grant Deed
—
Dec 20, 2016
$15,350,000
Scf 4440 Vka LLC
Canopi LLC
Grant Deed
$10,000,000 · Dba Ready Capital Structured Financ
Nov 30, 2016
—
Shapoff Advisors LP
Canopi LLC
Grant Deed
related
—
Jun 28, 2013
—
Canopi LLC
—
Deed Of Trust
related
$15,000,000 · Bank Sinopac
Jul 21, 2011
$11,953,500
Canopi LLC
Gre Von Karman LLC
Grant Deed
$7,000,000 · Bank Sinopac
Feb 2, 2007
—
Gre Von Karman LLC
—
Deed Of Trust
related
$150,000,000 · Jackson National Life Ins Co
Jul 20, 2006
—
Gre Von Karman LLC
Spectrum Investments
Grant Deed
—
Jul 3, 2006
—
Spectrum Pab LLC
Spectrum Investments
Quit Claim Deed
related
—
Mar 5, 1998
—
Invs Spectrum
Aew,
Grant Deed
related
—
Oct 31, 1995
—
Lba Aew
Koll,
Grant Deed
related
—
—
—
Canopi LLC
—
Loan Modification
related
$20,000,000 · Bank Sinopac Los Angeles Br
—
—
Scf-4440 Vka LLC
—
Loan Modification
related
—
—
—
Spectrum Investments LP
—
Deed Of Trust
related
$3,600,000 · Prudential Insurance Of Americ
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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