123125 23Rd St — Sale in Newport Beach, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Newport Beach, CA

Investment Figures

Cap rate
2.02%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Market Context

This retail in Newport Beach, CA is listed for sale. It is offered at an approximate 2.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Newport Beach, CA — view the full market.

As of Q1 2026, the Orange County retail market showed a 3.9% vacancy rate, average asking rents near $31.20/SF/yr, and cap rates around 5.4%. Source: multiple brokerage reports, Q1 2026.

Its 2.0% asking cap rate is below the Orange County retail market average of about 5.4%, reflecting premium pricing relative to comparable assets. Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

What is the typical cap rate for retail in Orange County?
About 5.4% as of Q1 2026, per multiple brokerage reports.
Is the Orange County retail market tightening or softening?
Vacancy is around 3.9% (Q1 2026).

Explore this market

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