Renovated Mixed-Use
For Sale
$1,500,000
838 East Mission Road, Fallbrook, CA 92028
Renovated mixed-use property with a barn, tap house, retail space, and outdoor gathering areas.
Property Size3,614 SF
Price / SF$415.05
Days on Market927
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Property Features for 838 East Mission Road
General Information
Standard status
Active
Size
3,614 SF
Total Parking Spaces
15
Property subtype
Commercial Sale / Mixed Use
Zoning
FB-V3
Amenities
back patio
courtyard
sandbox
concrete patio
covered wooden deck
Building Details
Year Built
1984
Buildings
2
Listing Agency:
Ice Realty Group
Listed By:
Brittany Cantarini · License #02090400
(949) 287-1639
Source:
Compass
Added: Apr 2, 2024
Changed: Oct 3
Last Checked: Oct 15 at 1:05AM
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 Ice Realty Group
Investment Insights
Based on property information with market context.
This mixed-use property includes a nearly 3100-square-foot barn with vaulted ceilings, a loft, wooden beams, built-in cabinetry, desk space, and double barn doors on both sides. An attached renovated area expands the building, while a separate tap house structure includes two ADA-compliant bathrooms and retail space. Outdoor features include a covered deck with awning, back patio, landscaped courtyard, sandbox, and concrete patio.
The property is located at 838 East Mission Road in Fallbrook and is zoned FB-V3. A freshly paved parking lot accommodates up to 15 cars, including two ADA parking spaces. The site is fully fenced and gated, with electrical upgrades, a new electrical panel, updated insulation and drywall, renovated barn doors, irrigation, sprinklers, and perimeter landscaping. The property was built in 1984 and has a stated property size of 3614.
The property is located at 838 East Mission Road in Fallbrook and is zoned FB-V3. A freshly paved parking lot accommodates up to 15 cars, including two ADA parking spaces. The site is fully fenced and gated, with electrical upgrades, a new electrical panel, updated insulation and drywall, renovated barn doors, irrigation, sprinklers, and perimeter landscaping. The property was built in 1984 and has a stated property size of 3614.
Key Highlights
- Nearly 3100 sq ft barn with vaulted ceilings, loft, wooden beams, cabinetry, and double barn doors
- Separate tap house structure with two ADA‑compliant bathrooms and retail space
- Freshly paved parking lot accommodates up to 15 cars, including two ADA parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,444
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,888,880
$1.9M
Cap Rate 7%
$1,349,200
$1.3M
Cap Rate 9%
$1,049,378
$1.0M
Market Conditions
NOI Build-Up for 3,614 SF
Gross rent
$131.4K $36.36/SF
− Vacancy
−$5.5K −$1.52/SF
EGI
$125.9K $34.84/SF
− OpEx
−$31.5K −$8.71/SF
NOI
$94.4K $26.13/SF
Area
San Diego County, CA
Vacancy
4.17%
Lease Rate
$36.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,888,880
Cap Rate 7%
$1,349,200
Cap Rate 9%
$1,049,378
Alternative Uses
Best Use
Specialty Retail
$1.35M
$1.18M – $1.57M
NOI $94,444 @ 7.0% cap · market cap 6.30%
Second Best
Mixed Use
$1.11M
$975.6K – $1.30M
NOI $78,049 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$1.66M
$1.45M – $1.93M
NOI $115,907 @ 7.0% cap · market cap 7.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,200
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 90%
Dining 10%
Shell
Shops & Services
13,542 visits/mo
0.1 miles
Soapy Joe's Car Wash
Shops & Services
10,185 visits/mo
0.2 miles
Circle K
Shops & Services
4,612 visits/mo
0.2 miles
El Toro
Dining
3,435 visits/mo
0.4 miles
Napa Auto Parts
Shops & Services
1,524 visits/mo
0.1 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use property with a barn, tap house, retail space, and outdoor gathering areas.
Where is this mixed-use property located?
The property is located at 838 East Mission Road Fallbrook, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Nearly 3100 sq ft barn with vaulted ceilings, loft, wooden beams, cabinetry, and double barn doors; Separate tap house structure with two ADA‑compliant bathrooms and retail space; Freshly paved parking lot accommodates up to 15 cars, including two ADA parking spaces
