Multi-Tenant Office
New
For Sale
$4,400,000
4128 W Commonwealth, Fullerton, CA 92833
The office property is fully occupied and includes surface parking for tenants and visitors.
Property Size16,088 SF
Lot Size0.81 Acres
Price / SF$264.17
Days on Market4
Property Features for 4128 W Commonwealth
General Information
Standard status
Active
Size
16,088 SF
Lot size
0.81 Acres
Property subtype
Office
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Units
22
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
16,088 SF
Year Built
1982
Year Renovated
2006
Buildings
1
Tenancy
Multi
Parking Ratio
3.72 per 1,000 SF
Listing Agency:
Paradise Realty
Listed By:
Kenny Park · License #01784456
Source:
Velocityrealtysd
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 3:16PM
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 Paradise Realty
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Investment Insights
Based on property information with market context.
This multi-tenant office building contains 22 units and was completed in 1982, with renovations carried out in 2006. The property is fully leased and has surface parking at a ratio of 3.72 spaces per 1,000 SF. Signage and frontage are present along Commonwealth Avenue.
The building sits beside Fullerton Municipal Airport, with immediate access to I-5 and SR-91. Its tenants include professional service providers and community organizations.
The building sits beside Fullerton Municipal Airport, with immediate access to I-5 and SR-91. Its tenants include professional service providers and community organizations.
Key Highlights
- 22 office units in a multi‑tenant configuration
- 100% leased
- Surface parking ratio of 3.72:1,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$276,165
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,523,300
$5.5M
Cap Rate 7%
$3,945,214
$3.9M
Cap Rate 9%
$3,068,500
$3.1M
Market Conditions
NOI Build-Up for 16,656 SF
Gross rent
$439.7K $26.40/SF
− Vacancy
−$71.5K −$4.29/SF
EGI
$368.2K $22.11/SF
− OpEx
−$92.1K −$5.53/SF
NOI
$276.2K $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 Rate 5%
$5,523,300
Cap Rate 7%
$3,945,214
Cap Rate 9%
$3,068,500
Alternative Uses
Best Use
Office B
$3.95M
$3.45M – $4.60M
NOI $276,165 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.36M
$4.69M – $6.25M
NOI $374,915 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
905
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The office property is fully occupied and includes surface parking for tenants and visitors.
Where is this office building located?
The property is located at 4128 W Commonwealth Fullerton, CA.
What is the asking price?
The asking price for this property is $4,400,000.
What are key features of this property?
This property features: 22 office units in a multi‑tenant configuration; 100% leased; Surface parking ratio of 3.72:1,000 SF
