Multi-Tenant
New
For Sale
Contact for pricing
556-598 S State College Blvd, Fullerton, CA 92831
Office space and grade-level loading support the building’s commercial configuration.
Property Size5,996 SF
Price / SF$410
Days on Market4
Property Features for 556-598 S State College Blvd
General Information
Standard status
Active
Size
5,996 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
14 ft
Office Build-Out
2,000 SF
Drive-In Doors
2
Power
200 amps
Additional Details
Highway Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Colliers
(949) 474-0707
Listed By:
Zac Kolander
(714) 715-1140
Source:
Moodyscre
Added: Sep 24
Changed: Sep 26
Last Checked: Sep 26 at 2:37PM
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 Colliers
Investment Insights
Based on property information with market context.
This 5,996-square-foot warehouse is configured for multiple tenants and includes an estimated 2,000 square feet of office area. Two grade-level loading doors serve the building, which has a minimum 14-foot clear height. Electrical service is listed at 200 amps, subject to verification.
The property is on S State College Blvd in Fullerton, with access to the 91 and 57 freeways nearby.
The property is on S State College Blvd in Fullerton, with access to the 91 and 57 freeways nearby.
Key Highlights
- 5,996 square feet total
- Estimated 2,000 SF of office area
- Two grade‑level loading doors
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
$92,964
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
3.78%
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%
$1,859,280
$1.9M
Cap Rate 7%
$1,328,057
$1.3M
Cap Rate 9%
$1,032,933
$1.0M
Market Conditions
NOI Build-Up for 5,996 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
$114.4K $19.08/SF
− Vacancy
−$5.0K −$0.84/SF
EGI
$109.4K $18.24/SF
− OpEx
−$16.4K −$2.74/SF
NOI
$93.0K $15.50/SF
Area
Fullerton, CA
Vacancy
4.40%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
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%
$1,859,280
Cap Rate 7%
$1,328,057
Cap Rate 9%
$1,032,933
Alternative Uses
Best Use
Warehouse
$1.33M
$1.16M – $1.55M
NOI $92,964 @ 7.0% cap · market cap 3.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,966 @ 7.0% cap · market cap 5.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
14 ft
Clear height
2
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,498
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Office space and grade-level loading support the building’s commercial configuration.
Where is this warehouse located?
The property is located at 556-598 S State College Blvd Fullerton, CA.
What is the asking price?
The asking price for this property is $2,458,360.
What are key features of this property?
This property features: 5,996 square feet total; Estimated 2,000 SF of office area; Two grade‑level loading doors
