Mixed-Use Building with Retail
For Sale
$449,000
Pending
216 E Mission Rd, Fallbrook, CA 92028
Three distinct units combine retail and residential space within a building zoned FBV3.
Property Size1,250 SF
Days on Market14
Property Features for 216 E Mission Rd
General Information
Standard status
Pending
Size
1,250 SF
Class
Class C
Zoning
FBV3
Site & Location
Frontage
50 ft
Road Access
Yes
Mixed-Use Components
retail, residential
Units
Unit Mix
1 x non-conforming residential unit
Multifamily Units
1
Amenities
No
0.0
Building Details
Year Built
1961
Year Renovated
2017
Stories
1
Listing Agency:
The Browar Group
(858) 692-0133
Listed By:
Darragh Rafferty
(858) 414-4398
Source:
Unitedhometeams
Added: Oct 17
Changed: Oct 29
Last Checked: Oct 29 at 2:41PM
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 The Browar Group
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Investment Insights
Based on property information with market context.
This Class C mixed-use building contains one retail unit, a second non-conforming retail unit, and a non-conforming residential unit. The property totals 1,250 SF and was built in 1961, with major improvements completed in 2017 and a roof replacement in 2019. Off-street parking is available.
The building fronts E Mission Rd in Fallbrook, with 50 FT of frontage. Its Walk Score is 84, described as very walkable, and the property carries FBV3 zoning.
The building fronts E Mission Rd in Fallbrook, with 50 FT of frontage. Its Walk Score is 84, described as very walkable, and the property carries FBV3 zoning.
Key Highlights
- 1,250 SF building with one retail unit, one non‑conforming retail unit, and one non‑conforming residential unit
- 50 FT of frontage on E Mission Rd
- FBV3 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,996
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,920
$539.9K
Cap Rate 7%
$385,657
$385.7K
Cap Rate 9%
$299,956
$300.0K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$50.4K $40.32/SF
− Vacancy
−$7.2K −$5.77/SF
EGI
$43.2K $34.55/SF
− OpEx
−$16.2K −$12.96/SF
NOI
$27.0K $21.60/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$40.32 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,920
Cap Rate 7%
$385,657
Cap Rate 9%
$299,956
Alternative Uses
Best Use
Mixed Use
$385.7K
$337.5K – $449.9K
NOI $26,996 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$280.5K
$245.4K – $327.3K
NOI $19,635 @ 7.0% cap · market cap 4.37%
Theoretical Best
Office A
$572.7K
$501.1K – $668.2K
NOI $40,090 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,092
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 87%
Dining 13%
Shell
Shops & Services
13,542 visits/mo
0.5 miles
Wells Fargo
Shops & Services
7,456 visits/mo
0.3 miles
El Toro
Dining
3,435 visits/mo
0.1 miles
Napa Auto Parts
Shops & Services
1,524 visits/mo
0.4 miles
Truck Rental in Fallbrook, CA 92028
Shops & Services
666 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 - Three distinct units combine retail and residential space within a building zoned FBV3.
Where is this mixed-use property located?
The property is located at 216 E Mission Rd Fallbrook, CA.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: 1,250 SF building with one retail unit, one non‑conforming retail unit, and one non‑conforming residential unit; 50 FT of frontage on E Mission Rd; FBV3 zoning
