Fallbrook Medical Building For
For Sale
$2,200,000
1035 S Main Avenue, Fallbrook, CA 92028
Single-story medical building in Fallbrook's Village Core District.
Property Size6,767 SF
Price / SF$325.11
Days on Market196
Property Features for 1035 S Main Avenue
General Information
Standard status
Active
Size
6,767 SF
Property subtype
Office
Building Details
Building Size
6,767 SF
Year Built
1966
Listing Agency:
Regal Properties
Listed By:
Sam Powell · License #01883192
(619) 564-8600
Source:
Velocityrealtysd
Added: Mar 27
Changed: Sep 23
Last Checked: Oct 7 at 4:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Regal Properties
Investment Insights
Based on property information with market context.
Located along South Main Avenue in Fallbrook’s walkable Village Core District, this single-story medical building offers visibility and convenience. The property has functioned as a primary care facility for more than twenty years, providing a practical, adaptable layout suited for a variety of healthcare or professional services. The property is surrounded by neighborhood retail, cafés, community services, and three major shopping areas within minutes of the site. It offers easy access for patients and staff and connects directly to the area’s main transportation corridors. Fallbrook continues to see residential expansion and reinvestment in its downtown commercial core, strengthening demand for local healthcare and professional services. County support for streetscape, mobility, and urban-design improvements adds long-term stability to the Village Core District. The property has a size of 6767 square feet.
Key Highlights
- Prime location in Fallbrook's walkable Village Core District
- Adaptable layout suitable for healthcare or professional services
- Long‑standing presence as a medical facility (20+ years)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,582
Cap Rate
7.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,131,640
$3.1M
Cap Rate 7%
$2,236,886
$2.2M
Cap Rate 9%
$1,739,800
$1.7M
Market Conditions
NOI Build-Up for 6,767 SF
Gross rent
$243.6K $36.00/SF
− Vacancy
−$34.8K −$5.15/SF
EGI
$208.8K $30.85/SF
− OpEx
−$52.2K −$7.71/SF
NOI
$156.6K $23.14/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,131,640
Cap Rate 7%
$2,236,886
Cap Rate 9%
$1,739,800
Alternative Uses
Best Use
Office B
$2.24M
$1.96M – $2.61M
NOI $156,582 @ 7.0% cap · market cap 7.12%
Second Best
Healthcare Medical
$1.82M
$1.60M – $2.13M
NOI $127,692 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$3.10M
$2.71M – $3.62M
NOI $217,029 @ 7.0% cap · market cap 9.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92028, CA
51,614
Population
17,985
Households
2.9
Avg Household Size
41
Median Age
35%
College-Educated
87%
High-School Grad
116.7 sq mi
ZIP Area
442
Density / Sq Mi
$102,346
Median Household Income
$46,862
Median Earnings
$1,743
Median Rent
$781,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story medical building in Fallbrook's Village Core District.
Where is this medical office space located?
The property is located at 1035 S Main Avenue Fallbrook, CA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Prime location in Fallbrook's walkable Village Core District; Adaptable layout suitable for healthcare or professional services; Long‑standing presence as a medical facility (20+ years)
