Dual-Access Flex
For Sale
$1,250,000
2007 Raymer Avenue Q&R, Fullerton, CA 92833
Industrial flex unit combining finished office areas with open warehouse space and two grade-level roll-up doors.
Property Size31,387 SF
Price / SF$432.53
Days on Market12
Property Features for 2007 Raymer Avenue Q&R
General Information
Standard status
Active
Size
31,387 SF
Property subtype
Industrial
Additional Details
Drive-In Doors
2
Building Details
Building Size
31,387 SF
Year Built
1987
Listing Agency:
Pinnacle Real Estate Group
(949) 258-2228
Listed By:
Sam Mu · License #01921557
Source:
Archetyperealty
Added: Aug 20
Changed: Aug 31
Last Checked: Aug 31 at 9:40AM
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 Pinnacle Real Estate Group
Investment Insights
Based on property information with market context.
Unit Q/R is a 2,890-square-foot industrial flex property with a combination of finished office space and open warehouse area. The layout includes two separate entrances, two ground-level roll-up doors, upgraded office finishes, and a remodeled private restroom. Its configuration also allows the space to be separated into two independent suites.
Built in 1987, the property is located at 2007 Raymer Avenue in Fullerton, California. Dual access and separate loading points support flexible circulation between the office and warehouse portions, while the open industrial area accommodates a range of commercial functions. The combination of office improvements, warehouse utility, and split-suite capability provides multiple ways to organize and operate the space.
Built in 1987, the property is located at 2007 Raymer Avenue in Fullerton, California. Dual access and separate loading points support flexible circulation between the office and warehouse portions, while the open industrial area accommodates a range of commercial functions. The combination of office improvements, warehouse utility, and split-suite capability provides multiple ways to organize and operate the space.
Key Highlights
- 2,890 SF industrial flex unit in Fullerton, CA
- Two ground‑level roll‑up doors
- Dual entrances for separate access
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
$47,918
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
3.83%
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%
$958,360
$958.4K
Cap Rate 7%
$684,543
$684.5K
Cap Rate 9%
$532,422
$532.4K
Market Conditions
NOI Build-Up for 2,890 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
$76.3K $26.40/SF
− Vacancy
−$12.4K −$4.29/SF
EGI
$63.9K $22.11/SF
− OpEx
−$16.0K −$5.53/SF
NOI
$47.9K $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%
$958,360
Cap Rate 7%
$684,543
Cap Rate 9%
$532,422
Alternative Uses
Best Use
Office B
$684.5K
$599.0K – $798.6K
NOI $47,918 @ 7.0% cap · market cap 3.83%
Second Best
Warehouse
$640.1K
$560.1K – $746.8K
NOI $44,808 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$929.3K
$813.2K – $1.08M
NOI $65,052 @ 7.0% cap · market cap 5.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,136
Businesses Nearby
Under-served
Demand for This Use
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.
Similar Off Market Nearby
- Touch of Paradise Catering | Corporate Catering | Wedding Catering | Luau Catering | BBQ Catering | — 3519 W Commonwealth Ave L M, Fullerton, CA 92833
- King's Catering — 500 N Gilbert St, Fullerton, CA 92833
- JC kimchi — 901 Starbuck St #I, Fullerton, CA 92833
Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex unit combining finished office areas with open warehouse space and two grade-level roll-up doors.
Where is this flex space located?
The property is located at 2007 Raymer Avenue Q&R Fullerton, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2,890 SF industrial flex unit in Fullerton, CA; Two ground‑level roll‑up doors; Dual entrances for separate access
