Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1331 S Mission Rd Fallbrook, CA 92028

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Former Rite Aid location suitable for retail, medical, or fitness.

    Property size:
    16,708 SF
    Lot size:
    1.77 Acres

    Property Features for 1331 S Mission Rd

    General Information

    Standard status
    Active
    Zoning
    C
    Size
    16,708 SF
    Lot size
    1.77 Acres

    Building Details

    Year built
    1999

    We can help!

    Listing Contact
    Eric Sun
    Source: Crexi

    Listing Agency: Pinnacle Real Estate Group Listing Agent: Eric Sun

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Former Rite Aid For Sale

    Located at 1331 S Mission Rd in Fallbrook, CA, this former Rite Aid location is available. The property offers flexibility and immediate occupancy potential. Fallbrook, known as the "Friendly Village" of North San Diego County, is a family-oriented community with a stable residential base and growing consumer demand. The location benefits from high-income households, limited big-box competition, and steady traffic. Daily traffic counts average over 30,000 vehicles per day along S Mission Rd. The median household income exceeds $87,000 within a 5-mile radius. The area supports growth in healthcare demand, fitness lifestyles, and specialty retail. Nearby businesses include Albertsons, Northgate Gonzalez Market, Grocery Outlet, Starbucks, and UPS Store. The property features multiple ingress/egress points, visibility from the main corridor, and ample surface parking. Potential tenants include pharmacy/health care providers, specialty grocery stores, fitness and wellness operators, building supply/home improvement retailers, and pet care/veterinary services. The property's size is 16,708 square feet.
    Location Intelligence

    Current Use by Public Records

    CDReload - Online Bitcoin ... Crypto Atm LibertyX Bitcoin ATM Atm higi Physician Rite Aid Pharmacy Amazon Locker - Puffin Postal Service

    Suggested Use

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

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

    Similar Places Nearby

    Rite Aid Pharmacy, Kermit Harrison, Naidene Stewart, Christopher Briffa, Walgreens Pharmacy

    Location Insight

    • Map
    • Local Demand
    City
    Fallbrook
    County
    San Diego
    State
    California
    Longitude
    -117.2355723
    Latitude
    33.3869949

    Nearby Similar for Sale

    • $950,000
      549,727.20 Acres

      Wholesale Nursery with Leaseback Option

      Successful wholesale nursery in Fallbrook with multiple development options.
      1719 Rainbow Valley Blvd, Fallbrook, CA 92028
      View Details
    • $700,000
      70,000 SF

      Fallbrook Greenhouse on 2.37 Acres

      70,000 sq ft commercial greenhouse on 2.37 acres.
      2526 Rainbow Valley Blvd, Fallbrook, CA 92028
      View Details
    • $550,000

      Remodeled Medical Office in Fallbrook

      Remodeled medical office space in Village Medical Center, ready now.
      645 E Elder St, Fallbrook, CA 92028
      View Details
    • $1,900,000
      378,100.80 Acres

      Fallbrook Land: Agricultural Business Potential

      8.68 acres in Fallbrook ideal for agricultural business or dream home.
      3129 Reche Rd, Fallbrook, CA 92028
      View Details
    • $1,049,000

      Fallbrook Mixed-Use Commercial Property

      Mediterranean-style building in Fallbrook's revitalizing downtown core.
      343 E Alvarado St, Fallbrook, CA 92028
      View Details
    • $99,000

      Established Fallbrook Cafe Opportunity

      Elegant cafe with loyal clientele in downtown Fallbrook.
      103 S Main Ave, Fallbrook, CA 92028
      View Details
    • $599,000
      Pending

      Fallbrook Greenhouse with Panoramic Views

      10,000 sq ft greenhouse with extensive producing trees.
      803 Quail Hill Rd, Fallbrook, CA 92028
      View Details
    • $1,075,000

      Corner Property with Redevelopment Potential

      Mixed-use property featuring residential duplex and commercial office.
      408 N Pico Ave, Fallbrook, CA 92028
      View Details
    • $850,000

      40-Acre Avocado Ranch

      40-acre avocado ranch with family fruit tree grove.
      2339 Green Valley Rd, Fallbrook, CA 92028
      View Details
    • $1,075,000

      High-Visibility Corner Mixed-Use Property

      Corner property with redevelopment potential and income-producing duplex and office.
      408 N Pico Ave, Fallbrook, CA 92028
      View Details
    • $2,400,000
      6,767 SF

      Fallbrook Medical Building For Sale

      Single-story medical building in Fallbrook's Village Core District.
      1035 S Main Ave, Fallbrook, CA 92028
      View Details
    • $3,795,000

      Fallbrook Specialty Property for Sale

      Specialty property available in Fallbrook, California.
      38149 De Luz Rd, Fallbrook, CA 92028
      View Details

    FAQs

    What type of property is this?
    Drug store - Former Rite Aid location suitable for retail, medical, or fitness.
    Where is this drug store located?
    The property is located at 1331 S Mission Rd Fallbrook, CA.
    What are key features of this property?
    This property features: - High Traffic Location: Over 30,000 vehicles per day on S Mission Rd.; - Strong Demographics: High median household income in the area.; - Strategic Location: Limited big-box competition in Fallbrook.
    Request Owner's contact information
    1331 S Mission Rd Fallbrook, CA 92028
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1331 S Mission Rd
    Fallbrook, CA 92028
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1331 S Mission Rd Fallbrook, CA 92028
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eric Sun
    Real Estate License ID: 01918023
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!