Commercial Mixed-Use Building For
For Sale
$1,049,000
1212 W Commonwealth, Fullerton, CA 92833
Two-story commercial mixed-use building with remodeling in progress.
Property Size3,600 SF
Lot Size0.15 Acres
Days on Market253
Property Features for 1212 W Commonwealth
General Information
Standard status
Active
Size
3,600 SF
Lot size
0.15 Acres
Property subtype
Commercial
Building Details
Building Size
3,600 SF
Year Built
1988
Units
1
Listing Agency:
(714) 230-5419
Listed By:
Tommy Du
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 8 at 1:06PM
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 Tommy Du
Investment Insights
Based on property information with market context.
This two-story commercial mixed-use building, totaling 3,600 square feet on a 6,534 square foot lot, is currently undergoing remodeling. The upstairs area features a large master bedroom with a full bathroom, two offices, a half bathroom, a full kitchen, and a laundry room. The downstairs area includes two offices and two restrooms. The property also offers alley entrance parking and a gated parking lot with space for up to 10 cars.
Key Highlights
- Mixed‑use commercial property with 3,600 sqft building on a 6,534 sqft lot.
- Gated parking lot with alley entrance fits up to 10 cars.
- Upstairs features a large master bedroom with full bath, 2 offices, half bath, full kitchen, and laundry room.
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
$60,912
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
5.81%
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%
$1,218,240
$1.2M
Cap Rate 7%
$870,171
$870.2K
Cap Rate 9%
$676,800
$676.8K
Market Conditions
NOI Build-Up for 3,600 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
$103.7K $28.80/SF
− Vacancy
−$6.2K −$1.73/SF
EGI
$97.5K $27.07/SF
− OpEx
−$36.5K −$10.15/SF
NOI
$60.9K $16.92/SF
Area
Fullerton, CA
Vacancy
6.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
37.50%
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%
$1,218,240
Cap Rate 7%
$870,171
Cap Rate 9%
$676,800
Alternative Uses
Best Use
Mixed Use
$870.2K
$761.4K – $1.02M
NOI $60,912 @ 7.0% cap · market cap 5.81%
Second Best
Office B
$852.7K
$746.1K – $994.8K
NOI $59,690 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,034 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
Explore this area
Business Placement
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 Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story commercial mixed-use building with remodeling in progress.
Where is this mixed-use property located?
The property is located at 1212 W Commonwealth Fullerton, CA.
What is the asking price?
The asking price for this property is $1,049,000.
What are key features of this property?
This property features: Mixed‑use commercial property with 3,600 sqft building on a 6,534 sqft lot.; Gated parking lot with alley entrance fits up to 10 cars.; Upstairs features a large master bedroom with full bath, 2 offices, half bath, full kitchen, and laundry room.
