Fullerton Commercial Property For
For Sale
Contact for pricing
1524 W Commonwealth Ave, Fullerton, CA 92833
Single-level commercial property with gated parking, ideal for owner-user.
Property Size2,808 SF
Price / SF$423.79
Days on Market570
Property Features for 1524 W Commonwealth Ave
General Information
Standard status
Active
Size
2,808 SF
Property subtype
Retail
Zoning
G-C
Building Details
Year Built
1948
Buildings
1
Stories
1
Listing Agency:
SVN Vanguard
Listed By:
Cameron Irons · License #CA 01176224
(714) 446-0600
Source:
Crexi
Added: Feb 11, 2025
Changed: Aug 25
Last Checked: Sep 4 at 3:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN Vanguard
Investment Insights
Based on property information with market context.
The property at 1524 W Commonwealth Ave in Fullerton is a single-level commercial building. It features a gated parking lot located in the back. The property is currently vacant, making it suitable for an owner-user. The zoning is G-C, which can accommodate a variety of business needs. Situated on a busy street, the property offers great signage and visibility.
Key Highlights
- Vacant, perfect for an owner user
- Great signage and visibility due to busy street location
- G‑C Zoning accommodates a variety of business needs
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,188
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$903,760
$903.8K
Cap Rate 7%
$645,543
$645.5K
Cap Rate 9%
$502,089
$502.1K
Market Conditions
NOI Build-Up for 2,808 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$67.4K $24.00/SF
− Vacancy
−$2.8K −$1.01/SF
EGI
$64.6K $22.99/SF
− OpEx
−$19.4K −$6.90/SF
NOI
$45.2K $16.09/SF
Area
Fullerton, CA
Vacancy
4.21%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$903,760
Cap Rate 7%
$645,543
Cap Rate 9%
$502,089
Alternative Uses
Best Use
Retail
$645.5K
$564.9K – $753.1K
NOI $45,188 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$902.9K
$790.1K – $1.05M
NOI $63,206 @ 7.0% cap · market cap 5.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
46k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
ARCO
Shops & Services
10,775 visits/mo
0.5 miles
El Pollo Loco
Dining
7,485 visits/mo
0.4 miles
Carl's Jr.
Dining
7,287 visits/mo
0.4 miles
AutoZone
Shops & Services
5,077 visits/mo
0.4 miles
The Flame Broiler
Dining
3,842 visits/mo
0.4 miles
Demographics for 92833, CA
52,598
Population
17,042
Households
3.1
Avg Household Size
39
Median Age
43%
College-Educated
88%
High-School Grad
7.7 sq mi
ZIP Area
6,831
Density / Sq Mi
$113,296
Median Household Income
$51,502
Median Earnings
$2,155
Median Rent
$844,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
- King's Flowers — 1530 W Commonwealth Ave, Fullerton, CA 92833
Frequently Asked Questions
What type of property is this?
Storefront property - Single-level commercial property with gated parking, ideal for owner-user.
Where is this storefront property located?
The property is located at 1524 W Commonwealth Ave Fullerton, CA.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Vacant, perfect for an owner user; Great signage and visibility due to busy street location; G‑C Zoning accommodates a variety of business needs
