Strip Mall Retail
For Sale
$2,995,000
1341 Chapman, Fullerton, CA 92831
Retail shopping center in Orange County with access from 57 Fwy via Chapman Ave exit.
Property Size10,849 SF
Price / SF$276.06
Days on Market141
Property Features for 1341 Chapman
General Information
Standard status
Active
Size
10,849 SF
Property subtype
Retail
Amenities
3
Flat
Rectangular, Level
Level, Rectangular.
Building Details
Year Built
1965
Listing Agency:
Coldwell Banker-Campbell Rltrs
(714) 960-6384
Listed By:
Scot Campbell · License #00943759
(714) 336-0394
Source:
Xome
Added: Apr 17
Changed: Sep 3
Last Checked: Sep 4 at 4:26AM
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 Coldwell Banker-Campbell Rltrs
Investment Insights
Based on property information with market context.
This retail shopping center/strip mall offers commercial space in a straightforward, multi-tenant configuration typical of strip retail. The property is listed for sale.
From 57 Fwy northbound, exit Chapman Ave, turn left under the freeway, and continue on the right for approximately 1.5 miles to reach 1341 E Chapman in Fullerton, CA. The property is located in Orange County.
Additional details such as unit mix, frontage, or specific tenant improvements are not provided in the available information.
From 57 Fwy northbound, exit Chapman Ave, turn left under the freeway, and continue on the right for approximately 1.5 miles to reach 1341 E Chapman in Fullerton, CA. The property is located in Orange County.
Additional details such as unit mix, frontage, or specific tenant improvements are not provided in the available information.
Key Highlights
- Retail shopping center in Orange County
- Year built: 1965
- Access from 57 Fwy via Chapman Ave exit
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
$174,590
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
5.83%
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%
$3,491,800
$3.5M
Cap Rate 7%
$2,494,143
$2.5M
Cap Rate 9%
$1,939,889
$1.9M
Market Conditions
NOI Build-Up for 10,849 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
$260.4K $24.00/SF
− Vacancy
−$11.0K −$1.01/SF
EGI
$249.4K $22.99/SF
− OpEx
−$74.8K −$6.90/SF
NOI
$174.6K $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%
$3,491,800
Cap Rate 7%
$2,494,143
Cap Rate 9%
$1,939,889
Alternative Uses
Best Use
Retail
$2.49M
$2.18M – $2.91M
NOI $174,590 @ 7.0% cap · market cap 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.05M – $4.07M
NOI $244,204 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,104
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Groceries 31%
Dining 29%
Apparel 8%
Grocery Outlet Bargain Market
Groceries
13,039 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,281 visits/mo
0.1 miles
Little Caesars Pizza
Dining
6,681 visits/mo
0.2 miles
AutoZone
Shops & Services
4,019 visits/mo
0.3 miles
Goodwill
Apparel
3,553 visits/mo
0.3 miles
Demographics for 92831, CA
38,953
Population
13,691
Households
2.8
Avg Household Size
31
Median Age
44%
College-Educated
89%
High-School Grad
5.9 sq mi
ZIP Area
6,602
Density / Sq Mi
$89,451
Median Household Income
$41,878
Median Earnings
$2,093
Median Rent
$821,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - Retail shopping center in Orange County with access from 57 Fwy via Chapman Ave exit.
Where is this shopping center located?
The property is located at 1341 Chapman Fullerton, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Retail shopping center in Orange County; Year built: 1965; Access from 57 Fwy via Chapman Ave exit
