Property profile

115 Hbr Blvd Fullerton, CA 92832

OFF-MARKET
Automotive properties
Property ID
US09-3061583
13,400 SF 0.22 ac lot Built 1913
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional value-add opportunity presents two adjacent storefront retail spaces totaling 16,490 square feet, situated on a highly visible, signalized corner in the heart of Downtown Fullerton, California. Located at 115 N Harbor Blvd, this property boasts a prime location at the intersection of Harbor Blvd and Amerige Ave, directly across from free public parking. The 0.37-acre lot is zoned C-3 (Central Business District), allowing for diverse uses including retail, restaurants, financial institutions, fitness centers, and more. Mixed-use development, including dwelling units, is also permitted subject to specific requirements. Currently occupied by a long-standing local business with a six-month sale leaseback included, this asset offers immediate income while allowing for future repurposing. The property benefits from its position in a densely populated commercial and residential area, near Fullerton College and High School, ensuring high foot traffic and strong potential for future growth. This is a rare chance to acquire a significant retail asset in a thriving downtown area experiencing substantial redevelopment, offering substantial upside potential for both owner-users and investors seeking to capitalize on robust retail trends. The asking price is $8,670,000, with a price per square foot of $525.77. The property features an absolute NNN lease type and is currently at 100% occupancy.

Property profile

Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1913
Total area 13,400 SF
Lot 0.22 ac (9,751 SF)
APN 032-234-18
UPID US09-3061583

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Hair Salon Nail Salon
  • Alternative Medicine Practice
  • Vocational School
  • (Bike/Boat/Book/etc) Store

Location

115 Hbr Blvd Fullerton, CA 92832
Fullerton metro Census 11300 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.88M
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.18M
Blend (final) Blend
$6.53M

Owner & transaction history

since 2022
Last sale
$7.8M
4 recorded transactions
2022
$7.8M
2017
Price N/A
2016
Price N/A
1996
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $9.1M +53.0%
Commercial (general) $7.1M +18.1%
Neighborhood: shopping center $6.3M +5.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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