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    Property profile & analytics
    OFF-MARKET Estimated value $8,040,000
    Automotive properties

    115 Hbr Blvd, Fullerton, CA 92832

    13,400 SF 0.22 ac lot Built 1913
    Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-3061583
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Black Hole Records (Bike/Boat/Book/etc) Store
    • 40 Lashes Hair Salon Nail Salon
    • Organic MediZen Alternative Medicine Practice
    • PAS Vocational School
    • Stray Cat Vintage & Costumes (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $7.88M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $10.18M
    Blend (final) Blend
    $8.04M
    Owner & transaction history
    115 121 N Harbor LLC · 3 yrs held
    115 121 N Harbor LLC
    since 2022
    Last sale
    $7.8M
    4 recorded transactions
    2022
    $7.8M
    2017
    2016
    1996
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $9.1M +53.0%
    Commercial (general) $7.1M +18.1%
    Neighborhood: shopping center $6.3M +5.2%
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