4440 Von Karman AveNewport Beach, CA 92660

Property Details for 4440 Von Karman Ave

Lot size

0.64 AC

Property type

Other commercial real estate

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $19,933,042

  6.5%

  $18,399,730

  7%

  $17,085,464

• Comparable approach

  Method

  Valuation

  Relative Method

  $24,713,490

  Geo Method

  $24,713,490

• Alternative Use

  Use

  Valuation

  Residential

  $15,520,861

  Hospitality

  $14,217,025

  Educational

  $11,828,398

  Medical

  $12,235,195

  Retail

  $18,399,730

Location Insight

City

Newport Beach

County

Orange

State

California

Latitude

33.6663

Longitude

-117.861

CBSA code

31080

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].