Fullerton Commercial Property For
For Sale
$2,249,000
1555 Commonwealth Avenue, Fullerton, CA 92833
Commercial property in Fullerton suitable for various businesses.
Property Size3,824 SF
Lot Size20,000.00 Acres
Price / SF$588.13
Days on Market189
Property Features for 1555 Commonwealth Avenue
General Information
Standard status
Active
Size
3,824 SF
Lot size
20,000.00 Acres
Property subtype
Office
Amenities
Central Air
3
Building Details
Year Built
1937
Listing Agency:
T.N.G. Real Estate Consultants
(714) 987-3310
Listed By:
Youngju Park · License #01974903
Source:
Xome
Added: Feb 16
Changed: Aug 23
Last Checked: Aug 23 at 6:41AM
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 T.N.G. Real Estate Consultants
Investment Insights
Based on property information with market context.
Located in Fullerton, this commercial property is situated in a prime location with general commercial zoning. The permitted building space measures 3,824 square feet. Currently, an academy business operates within the space, featuring a multi-room floor plan that was permitted in 2013 and 2023. The single-story building has two entrances, making it possible to rent the space as two separate units. The main entrance leads to a large reception and lobby area, three rooms, a kitchen, two bathrooms, and an additional meeting or conference area. The left entrance provides access to three rooms and two bathrooms. Both entrances are handicap accessible, making the property suitable for a doctor's office, general office, academy, or other businesses. The property includes two entrances to the parking lot, one from the back alley and one from Commonwealth Avenue. The parking lot could be redesigned to accommodate more cars. The lot size is over 20,000 square feet, presenting a potential investment opportunity. The property offers convenient access to the 91 and 5 freeways. The bike score is 30, indicating it is somewhat bikeable, the walk score is 59, indicating it is somewhat walkable, and the transit score is 37, indicating some transit options are available.
Key Highlights
- Prime location with General Commercial zoning in Fullerton.
- Permitted building space of 3,824 SF with a flexible floor plan.**
- Two separate entrances allowing for potential rental of two spaces.
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
$63,404
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
2.82%
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%
$1,268,080
$1.3M
Cap Rate 7%
$905,771
$905.8K
Cap Rate 9%
$704,489
$704.5K
Market Conditions
NOI Build-Up for 3,824 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
$101.0K $26.40/SF
− Vacancy
−$16.4K −$4.29/SF
EGI
$84.5K $22.11/SF
− OpEx
−$21.1K −$5.53/SF
NOI
$63.4K $16.58/SF
Area
Fullerton, CA
Vacancy
16.26%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$1,268,080
Cap Rate 7%
$905,771
Cap Rate 9%
$704,489
Alternative Uses
Best Use
Office B
$905.8K
$792.6K – $1.06M
NOI $63,404 @ 7.0% cap · market cap 2.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.43M
NOI $86,076 @ 7.0% cap · market cap 3.83%
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Commercial property in Fullerton suitable for various businesses.
Where is this office units located?
The property is located at 1555 Commonwealth Avenue Fullerton, CA.
What is the asking price?
The asking price for this property is $2,249,000.
What are key features of this property?
This property features: Prime location with General Commercial zoning in Fullerton.; Permitted building space of 3,824 SF with a flexible floor plan.**; Two separate entrances allowing for potential rental of two spaces.
