Corner Lot Commercial
649 655 W Commonwealth, Fullerton, CA 92832
For Sale
$1,590,000
High-visibility Fullerton commercial property with established tenant.
Property Size3,198 SF
Lot Size0.16 Acres
Days on Market230
Property Features for 649 655 W Commonwealth
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Units
Listing Agency:
TNG Real Estate Consultants
Listed By:
Halo You · License #02024034
(424) 777-5447
Source:
Elliman
Added: Mar 25
Changed: Aug 8
Last Checked: Jul 3 at 7:26PM
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 TNG Real Estate Consultants
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Investment Insights
Based on property information with market context.
Located on a corner lot along W. Commonwealth Avenue, this commercial property at 649–655 W. Commonwealth Ave in Fullerton offers an opportunity to acquire a high-exposure asset in an active business area. The property benefits from dual street frontage, visibility, and traffic. Its corner positioning enhances exposure and accessibility, making it attractive for tenants and businesses seeking presence. Situated minutes from Downtown Fullerton, the property is surrounded by retail, dining, and residential areas, providing foot traffic and a customer base. A music school tenant has been operating at this location for over 20 years, providing occupancy, customer traffic, and community recognition, serving as an anchor tenant. The property consists of multiple units, offering flexibility for multi-tenant income, owner-user occupancy, or future repositioning. Investors will appreciate the existing tenant stability, while owner-users can capitalize on the high-visibility location. The property has access to major freeways and transportation routes, making the property accessible for customers, clients, and employees. The property is suitable for a variety of commercial uses.
Key Highlights
- High‑exposure corner lot location on W. Commonwealth Avenue with dual street frontage and excellent visibility.
- Established music school tenant with a 20+ year operating history provides stable occupancy and recurring income.
- Located in a high‑traffic area near Downtown Fullerton, surrounded by retail, dining, and residential areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,465
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,029,300
$1.0M
Cap Rate 7%
$735,214
$735.2K
Cap Rate 9%
$571,833
$571.8K
Market Conditions
NOI Build-Up for 3,198 SF
Gross rent
$76.8K $24.00/SF
− Vacancy
−$3.2K −$1.01/SF
EGI
$73.5K $22.99/SF
− OpEx
−$22.1K −$6.90/SF
NOI
$51.5K $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 Rate 5%
$1,029,300
Cap Rate 7%
$735,214
Cap Rate 9%
$571,833
Alternative Uses
Best Use
Retail
$735.2K
$643.3K – $857.8K
NOI $51,465 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.03M
$899.8K – $1.20M
NOI $71,985 @ 7.0% cap · market cap 4.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,323
Businesses Nearby
63k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 65%
Dining 35%
Quick Quack Car Wash
Shops & Services
13,358 visits/mo
0.5 miles
ARCO
Shops & Services
10,775 visits/mo
0.5 miles
El Pollo Loco
Dining
7,485 visits/mo
0.3 miles
Carl's Jr.
Dining
7,287 visits/mo
0.3 miles
AutoZone
Shops & Services
5,077 visits/mo
0.3 miles
Demographics for 92832, CA
26,277
Population
9,170
Households
2.9
Avg Household Size
35
Median Age
32%
College-Educated
82%
High-School Grad
2.9 sq mi
ZIP Area
9,061
Density / Sq Mi
$92,588
Median Household Income
$42,634
Median Earnings
$2,027
Median Rent
$773,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Storefront properties in Orange County, CA
Properties on Market for Storefront properties in Orange County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- King's Flowers — 1530 W Commonwealth Ave, Fullerton, CA 92833
- Island Petals — 501 W Commonwealth Ave, Fullerton, CA 92832
- Joyce Studios Flower Shop — N Richman Ave, Fullerton, CA 92832
- SameDay-FlowerDelivery — 140 w wilshire ave, fullerton, ca 92832
- Decade Florist — 310 W Whiting Ave, Fullerton, CA 92832
Frequently Asked Questions
What type of property is this?
Storefront property - High-visibility Fullerton commercial property with established tenant.
Where is this storefront property located?
The property is located at 649 655 W Commonwealth Fullerton, CA.
What is the asking price?
The asking price for this property is $1,590,000.
What are key features of this property?
This property features: High‑exposure corner lot location on W. Commonwealth Avenue with dual street frontage and excellent visibility.; Established music school tenant with a 20+ year operating history provides stable occupancy and recurring income.; Located in a high‑traffic area near Downtown Fullerton, surrounded by retail, dining, and residential areas.
