What is the typical cap rate for office in Orange County?

About 7.4% as of Q1 2026, per multiple brokerages.

Is the Orange County office market tightening or softening?

Vacancy is around 19.3% (Q1 2026).

Office

1301 Dove

1301 dove, newport beach, CA 92660

Price

Price on request

Price/Sq Ft

$2.95

Description

Located off MacArthur Blvd at the intersection of Newport Place and Dove Street, this Class-A office tower features a dramatic two-story lobby and is located near hotels, restaurants and other retail amenities.

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

1301 dove, newport beach, CA 92660

Leaflet © OpenStreetMap contributors

Market Context

As of Q1 2026, the Orange County office market showed a 19.3% vacancy rate, and cap rates around 7.4%. Source: multiple brokerages Q1 2026 market report.

Projected current pricing

low confidence

Projected asking rent

$33.48/SF/yr

Estimated sale value

$184–$239/SF

Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 www lee-associates com data (cap rate 7.4%, asking rent held flat).

View the full Orange County Office market report →

Above-average vacancy gives buyers leverage and a wide set of comparables.

Compare it against other office listings for sale in Newport Beach, CA to benchmark pricing and space — view the full market.

Office market FAQ

What is the typical cap rate for office in Orange County?: About 7.4% as of Q1 2026, per multiple brokerages.
Is the Orange County office market tightening or softening?: Vacancy is around 19.3% (Q1 2026).

Unified Estimate

High Confidence

$1.95/SF-$2.58/SF

Mid: $2.24/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

Sale Price History

Market report quarterly trend fallbackFIPS 32003

Low Confidence

Avg Rent ($/SF/yr) (market data)
Vacancy %

Market asking rent (quarterly avg)Vacancy rate (right axis)

Investment Analysis

Beta Feature: Investment Analysis is currently in beta testing. Metrics are calculated based on available financial data and market comparables. Results are for informational purposes and should not be considered financial advice. Verify all assumptions and consult with a financial advisor before making investment decisions.