23 Corporate Plaza DrNewport Beach, CA 92660

Property Details for 23 Corporate Plaza Dr

Lot size

3.00 AC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

442-271-31

APU

44227131

Description

23 Corporate Plaza offers exceptional coworking space in the heart of Newport Beach, Orange County. This Class A, two-story building provides single-tenant suites ranging from 100 to 1,000 square feet, perfect for individuals or small teams. The building features convenient elevator access. Its ideal location between Fashion Island and the Pacific Coast Highway (PCH) offers unparalleled access to major freeways (PCH 1, 405, 73, and 55), simplifying commutes. Enjoy the vibrant atmosphere of Newport Center, with its proximity to the Newport Beach Library and the Corona Del Mar Plaza, boasting over 20 shops and restaurants. Smaller suites, ideal for 1-3 person teams, range from 100 to 280 square feet, offering a turnkey solution for businesses seeking a productive and stylish workspace. The surrounding area boasts an abundance of amenities, including high-end shops at Fashion Island and a diverse culinary scene featuring gourmet cafes and fine dining options. This location combines the relaxed California lifestyle with a thriving entrepreneurial community, making it a premier address for businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $93,453,432

  6.5%

  $86,264,712

  7%

  $80,102,944

• Comparable approach

  Method

  Valuation

  Relative Method

  $115,865,936

  Geo Method

  $115,865,936

• Alternative Use

  Use

  Valuation

  Residential

  $72,767,512

  Hospitality

  $66,654,648

  Educational

  $55,455,884

  Medical

  $57,363,096

  Retail

  $86,264,712

Location Insight

City

Newport Beach

County

Orange

State

California

Latitude

33.6086

Longitude

-117.875

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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