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    208 E Mission Road Fallbrook, CA 92028

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    Claim this Listing
    New
    For Lease
    $1,600/Mo $41 SF/Yr (calc)

    Commercial Lease - Fallbrook, CA

    Property size:
    463 SF
    Added:
    Apr 29, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 30 at 8:06 pm

    Property Features for 208 E Mission Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    1031370500
    Size
    463 SF

    Utilities

    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1940
    Architectural style
    Other

    We can help!

    Listing Contact
    Eren Melendez
    Eren Melendez

    Listing agent Eren Melendez License #02043436

    Listing office Sunshine Properties RealEstate 330 N Main St, Fallbrook, CA

    Listing date Apr 29, 2026

    MLS# NDP2604154 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Updated Commercial Unit in Fallbrook

    This updated commercial unit is located on highly visible E Mission Rd in Fallbrook. The space features a bright and modern interior with wood-style flooring, recessed lighting, and abundant natural light. The layout includes a spacious open area with additional functional space, providing flexibility for various business needs. It also includes a private restroom and convenient access, along with designated parking and client spaces. The rent covers water, trash, and electricity. The property is suitable for office, retail, studio, or service-oriented businesses seeking a location with strong exposure. The unit has a size of 463 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AV Beauty Hair Salon Primestreetwear Clothing Store Vega's Tailor Shop (Bike/Boat/Book/etc) Store La Riena De ... (Bike/Boat/Book/etc) Store Evolution Barber Shop Barber Shop

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fallbrook
    County
    San Diego
    State
    California
    Longitude
    -117.2500003
    Latitude
    33.384862

    Nearby Similar for Lease

    • $1,400/Mo

      Fallbrook Commercial Space For Lease

      Well-located commercial space with excellent visibility and accessibility.
      208 E Mission Road, Fallbrook, CA 92028
      View Details
    • $1.25 SF/Yr

      Fallbrook Industrial Suite For Rent

      7,500 SF industrial suite with high ceilings and easy access.
      2319 Old Highway 395, Fallbrook, CA
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail property with 1365 square feet available for rent.
      1113 South Mission Road, Fallbrook, CA, 92028
      View Details
    • Contact for pricing

      Fallbrook Specialty Property For Rent

      Specialty property available for rent in Fallbrook, California.
      521 East Elder Street, Fallbrook, CA, 92028
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      In-line retail space available for lease.
      1406-1418 S Mission Rd, Fallbrook, CA
      View Details
    • Contact for pricing

      Retail Property in Fallbrook

      Fully leased retail property in Fallbrook, California.
      1075 S Mission Rd, Fallbrook, CA
      View Details
    • Contact for pricing

      Fallbrook Retail Space Opportunity

      Prime location in Fallbrook's high-traffic Mission Plaza shopping center.
      1328 - 1418 Mission Road, Fallbrook, CA 92028
      View Details

    FAQs

    What type of property is this?
    Retail space - Modern commercial space in prime location, includes utilities.
    Where is this retail space located?
    The property is located at 208 E Mission Road Fallbrook, CA.
    What is the lease rate?
    The lease rate is $1,600 /Mo.
    What are key features of this property?
    This property features: Prime location on highly visible E Mission Rd in Fallbrook.; Rent includes water, trash, and electricity.; Updated, bright, and modern interior with wood‑style flooring and recessed lighting.
    (760) 622-1644
    We can help!
    Listing Contact
    Eren Melendez
    Eren Melendez
    Real Estate License ID: 02043436
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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