Log In/Sign Up
Your email has been sent.
27174 Newport Rd - Bldg 2 1,213 - 1,345 SF Office/Medical Condo Units Offered at $467,000 - $538,000 Per Unit in Menifee, CA 92584
Investment Highlights
- Centrally located in Menifee
- Located along Newport Road
- Zoned C-O for commercial office use
- Within ½ mile of Interstate 215
- Part of a larger professional building campus
- High traffic counts of 50,000 cars per day along Newport Road
Executive Summary
Newport Commons is a multi-tenant professional office condominium property located at 27174 Newport Road in Menifee, California. The building is positioned along one of the area's primary commercial corridors with convenient access to Interstate 215 and surrounding business services, retail destinations, and dining amenities. The property serves a diverse mix of professional office and medical users and features attractive mature landscaping complemented by water features that enhance the overall campus environment. Newport Commons is part of a larger professional office setting designed to accommodate a range of commercial occupiers. Its central Menifee location provides convenient regional connectivity while maintaining visibility along Newport Road, where traffic counts are reported at approximately 50,000 vehicles per day. The property's established tenant mix, shared common areas, and professional setting contribute to its appeal for businesses seeking a well-located office environment in Southwest Riverside County.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 336-181-009, 336-181-010 |
| Cap Rate | 5.39% |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| APN/Parcel ID | 336-181-009, 336-181-010 |
Description
Suite 3 is a ±1,213 RSF professional office suite located on the 2nd floor. The layout features a reception area, 5 offices, and a coffee bar area without running water.
Sale Notes
Beautiful, mature landscaping with water features. Within ½ mile of Interstate 215 and located along Newport Rd. Early Termination Clause creates an opportunity for an owner user to occupy one or both units, or hold with income in-place. Can be purchased with Suite 4 for $1,005,000.
| Sale Type | Investment | APN/Parcel ID | 336-181-009, 336-181-010 |
| Cap Rate | 5.39% |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| APN/Parcel ID | 336-181-009, 336-181-010 |
Description
Suite 4 is a ±1,345 RSF professional office suite located on the 2nd floor. It features a reception area, 5 offices, an open work area, a kitchen with water, and an IT closet.
Sale Notes
An early termination clause in the lease creates an opportunity for an owner-user to occupy the unit or hold it with income in-place. Can be purchased with Suite 3 for $1,005,000.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Suite 3 | 1,213 SF | Office/Medical | $467,000 ($385.00/SF) | $25,171.30 |
| Unit Suite 4 | 1,345 SF | Office/Medical | $538,000 ($400.00/SF) | $28,998.20 |
Unit Suite 3
| Unit Size |
| 1,213 SF |
| Condo Use |
| Office/Medical |
| Price |
| $467,000 ($385.00/SF) |
| NOI |
| $25,171.30 |
Unit Suite 4
| Unit Size |
| 1,345 SF |
| Condo Use |
| Office/Medical |
| Price |
| $538,000 ($400.00/SF) |
| NOI |
| $28,998.20 |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit Suite 3
| Unit Size | 1,213 SF |
| Condo Use | Office/Medical |
| Price | $467,000 ($385.00/SF) |
| NOI | $25,171.30 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| APN/Parcel ID | 336-181-009, 336-181-010 |
| Description | |
| Suite 3 is a ±1,213 RSF professional office suite located on the 2nd floor. The layout features a reception area, 5 offices, and a coffee bar area without running water.</li></ul> | |
| Sale Notes | |
| Beautiful, mature landscaping with water features. Within ½ mile of Interstate 215 and located along Newport Rd. Early Termination Clause creates an opportunity for an owner user to occupy one or both units, or hold with income in-place. Can be purchased with Suite 4 for $1,005,000.</li></ul> |
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit Suite 4
| Unit Size | 1,345 SF |
| Condo Use | Office/Medical |
| Price | $538,000 ($400.00/SF) |
| NOI | $28,998.20 |
| Sale Type | Investment |
| Cap Rate | 5.39% |
| APN/Parcel ID | 336-181-009, 336-181-010 |
| Description | |
| Suite 4 is a ±1,345 RSF professional office suite located on the 2nd floor. It features a reception area, 5 offices, an open work area, a kitchen with water, and an IT closet.</li></ul> | |
| Sale Notes | |
| An early termination clause in the lease creates an opportunity for an owner-user to occupy the unit or hold it with income in-place. Can be purchased with Suite 3 for $1,005,000.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,076 SF | Typical Floor Size | 2,552 SF |
| Property Type | Office | Year Built | 2009 |
| Property Subtype | Medical | Lot Size | 0.43 AC |
| Building Class | B | Parking Ratio | 5.88/1,000 SF |
| Floors | 2 | ||
| Zoning | C-O - Commercial-Office | ||
| Total Building Size | 5,076 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 2,552 SF |
| Year Built | 2009 |
| Lot Size | 0.43 AC |
| Parking Ratio | 5.88/1,000 SF |
| Zoning | C-O - Commercial-Office |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
