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Property profile & analytics
OFF-MARKET
Estimated value
$2,295,000
Retail space
129 Commonwealth Ave Fullerton, CA 92832-1808
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US10-2581673
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1920
Total area
4,600 SF
Lot
0.16 ac (7,000 SF)
APN
032-234-33
UPID
US10-2581673
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
-
Ostrich Egg Distillery Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$2.30M
Owner & transaction history
Tahoe Tom Nv LLC · 6 yrs held
Tahoe Tom Nv LLC
since 2020
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.4M
+51.9%
Neighborhood: shopping center
$2.2M
+35.3%
Auto repair, garage
$2.1M
+28.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fullerton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fullerton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$2,345,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,595,000
Current use
COMMERCIAL (GENERAL)
$2,425,000
Change: +52% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,160,000
Change: +35% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,050,000
Change: +29% · Conversion: Difficult
OFFICE BUILDING
$1,975,000
Change: +24% · Conversion: Easy
Blend value · Realmo final
$2.30M
Range $2.07M – $2.52M · ±10% · vs last sale $2.30M (Apr 22 2020)
Last sale anchor
$2.30M
Apr 22 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$499 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$26,693
Tax year 2024
Assessed value
$2,466,064
Assessed 2024
Previous assessed
$2,466,064
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,187,294
Assessed improvement
$278,770
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1920
Heating
NONE
Stories
1
Total area
4,600 SF
Lot
0.16 ac (7,000 SF)
APN
032-234-33
UPID
US10-2581673
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.1M
OFFICE BUILDING
Est. value
$2.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Heating
NONE
Stories
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Tahoe Tom Nv LLC
Entity
Mailing address
PO BOX 6548, INCLINE VILLAGE, NV 89450-6548
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2020
$2,300,000
Tahoe Tom Nv LLC
129 Commonwealth LLC
Grant Deed
—
Jan 31, 2020
—
Hillview Building LLC
—
Deed
related
$1,500,000 · Qualfax INC
May 28, 2014
—
129 Commonwealth LLC
Mamo Real Estate INC
Quit Claim Deed
—
Apr 9, 2012
$906,000
Mamo Real Estate INC
Fidelity Natl Title Co
Trustees Deed
related
—
Dec 13, 2010
—
Bradley B Mugar
Mugar,ryan T & Shawn B
Quit Claim Deed
related
—
Jul 21, 2008
—
Michael D Adams
Klein,martin E
Affidavit Of Death
—
Jun 26, 2008
$1,300,000
Ryan T Mugar
Adams,michael D
Grant Deed
$340,000 · First American Exchange Corp
Feb 5, 2004
—
Michael D Adams
Adams,leah A
Quit Claim Deed
related
$300,000 · Greenpoint Mortgage Funding
Apr 28, 1995
$180,000
Klein Trust
Us Mortgage Collection Svcs In
Grant Deed
$150,000 · Zbieranek Trust
Oct 3, 1994
$174,596
Us Mortgage Collection Svcs
Cohen,joseph
Trustees Deed
related
—
Aug 31, 1988
$375,000
Joseph Cohen
Rowenhorst Patsy
Grant Deed
$281,250 · Brookside Savings & Loan
—
—
Joseph Cohen
—
Deed Of Trust
related
$200,000 · Individual
—
—
Michael D Adams
—
Deed Of Trust
related
$30,000 · Frank & Michelle Thomas
—
—
Hillview Building LLC
—
Deed Of Trust
related
$1,500,000 · Qualfax INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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