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Property profile & analytics
OFF-MARKET
Estimated value
$3,600,000
Industrial properties
3535 Commonwealth Ave, Fullerton, CA 92833-2821
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1643103
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1968
Total area
15,580 SF
Lot
0.77 ac (33,494 SF)
APN
030-040-15
UPID
US09-1643103
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
-
Illumination foundation center Medical Clinic
-
Monika K Badyal Physician
-
Kensie Lcsw Hoag Foster Care Service Social Service Agency
-
Mary Kay Orange County Medical Clinic Skin Care Clinic
-
Doan Nguyen Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.60M
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.60M
Owner & transaction history
The City Of Fullerton · 2 yrs held
The City Of Fullerton
since 2024
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$5.5M
+4.8%
Retail stores
$5.4M
+3.1%
Commercial (general)
$5.4M
+2.3%
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
$3,600,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
$3,315,000
6.5%
$3,060,000
7%
$2,840,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,240,000
Current use
APARTMENT HOUSE (5+ UNITS)
$5,490,000
Change: +5% · Conversion: Difficult
RETAIL STORES
$5,405,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,360,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$3.60M
Range $3.24M – $3.96M · ±10% · vs last sale $3.60M (Mar 7 2024)
Last sale anchor
$3.60M
Mar 7 2024
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
$231 / 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
$55,692
Tax year 2024
Assessed value
$4,841,616
Assessed 2024
Previous assessed
$4,841,616
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$3,275,578
Assessed improvement
$1,566,038
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1968
Heating
NONE
Stories
2
Units
15
Total area
15,580 SF
Lot
0.77 ac (33,494 SF)
APN
030-040-15
UPID
US09-1643103
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
RETAIL STORES
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.4M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1968
Heating
NONE
Stories
2
Units
15
Lot
0.77 ac
Current owner
From public records · entity-resolved
The City Of Fullerton
Entity
Mailing address
303 W COMMONWEALTH AVE, FULLERTON, CA 92832-1710
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 7, 2024
—
The City Of Fullerton
Dyer 18 LLC
Intrafamily Transfer
related
—
Feb 28, 2020
$3,600,000
Dyer 18 LLC
Broaddus Family Trust
Grant Deed
$1,500,000 · White David Trust (rt)
Feb 19, 2020
—
Elaine M Haffke
Richard J Haffke
Affidavit Of Death
related
$232,000 · Geneva Fin'l
Aug 2, 2018
—
Broaddus Family Trust
Broaddus,alwyn H
Affidavit Of Death
related
—
Aug 11, 2014
—
Alwyne H Broaddus
Broaddus,nina S
Quit Claim Deed
related
—
Sep 16, 1988
$1,165,500
Alwyn H Broaddus
Cramor Inv Secur
Trustees Deed
—
Sep 16, 1988
—
Alwyn H Broaddus
Broaddus Nin S
Quit Claim Deed
related
$480,000 · Landmark National Bank
—
—
Alwyn H Broaddus
—
Deed Of Trust
related
$880,000 · Bank Of America
—
—
Alwyn H Broaddus
—
Deed Of Trust
related
$496,000 · La Habra Local
—
—
Alwyn H Broaddus
—
Deed Of Trust
related
$600,000 · Landmark National Bank
—
—
Broaddus Family Trust
—
Deed Of Trust
related
$2,475,000 · Zions First National Bank
—
—
Dyer 18 LLC
—
Deed Of Trust
related
$2,388,000 · Bank Of West
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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