Log In/Sign Up
Your email has been sent.
201 Marine Ave 2,005 SF 100% Leased Office Building Newport Beach, CA 92662 $5,979,441 CAD ($2,982.27 CAD/SF) 4.57% Cap Rate
Investment Highlights
- Prime corner location on Marine Avenue with strong foot traffic
- $201,033 NOI with built-in rent increases
- Recently renovated with strong in-place tenancy
- 100% occupied three-unit retail/office investment
- One of the most recognizable storefront properties on Balboa Island
- Low operating expenses with stable income profile
Executive Summary
A boutique multi-tenant retail and office investment located on a prime corner on Balboa Island. This highly visible storefront property is one of the most recognizable buildings on Marine Avenue and has been recently renovated.
The property consists of three units with strong in-place income and 100% occupancy. The main unit features vaulted ceilings, private office, conference room, and kitchenette, with two additional units offering separate entrances along Park Avenue.
Current rents are approximately $22,000 per month with structured increases already in place, providing a clear path to higher income. The property benefits from low operating costs and strong long-term tenancy, producing over $200,000 in annual net operating income.
Ideal for an investor or owner-user seeking a well-located asset with stable income and long-term upside in one of Newport Beach’s most desirable retail corridors.
The property consists of three units with strong in-place income and 100% occupancy. The main unit features vaulted ceilings, private office, conference room, and kitchenette, with two additional units offering separate entrances along Park Avenue.
Current rents are approximately $22,000 per month with structured increases already in place, providing a clear path to higher income. The property benefits from low operating costs and strong long-term tenancy, producing over $200,000 in annual net operating income.
Ideal for an investor or owner-user seeking a well-located asset with stable income and long-term upside in one of Newport Beach’s most desirable retail corridors.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
2,005 SF
Building Class
C
Year Built/Renovated
1933/2020
Price
$5,979,441 CAD
Price Per SF
$2,982.27 CAD
Cap Rate
4.57%
NOI
$273,507 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
2,005 SF
Building FAR
0.77
Lot Size
0.06 AC
Zoning
RSC-R - Mixed-use zoning allowing retail and office use with potential for future residential redevelopment.
Amenities
- Signage
- Central Heating
- Recessed Lighting
- Air Conditioning
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 050-162-15 | Total Assessment | $4,814,022 CAD |
| Land Assessment | $4,615,865 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $198,156 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
050-162-15
Land Assessment
$4,615,865 CAD
Improvements Assessment
$198,156 CAD
Total Assessment
$4,814,022 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
201 Marine Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.