Building Details

Year Built 1984

Year Renovated 2024

Stories 2

Units 41

Listing Agency: Marcus & Millichap - Inland Empire

Listed By: Gordon Allred · License #CA 00927200 Show Phone

Source: Crexi

Added: Jul 6 Changed: Oct 15 Last Checked: Oct 20 at 9:23PM

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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 Marcus & Millichap - Inland Empire

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Marcus & Millichap is exclusively marketing the Quality Inn Fallbrook I-15 for sale. This limited service hotel is described as well located with access immediately off Interstate 15 and Highway 76, serving a mix of leisure, casino, wedding, and regional traveler demand.

The property is noted to benefit from highway visibility and easy ingress/egress from I-15, with convenient access to Fallbrook, Temecula, Oceanside, and surrounding North County San Diego communities.

Interested parties are encouraged to schedule tours through the listing agent and to visit the subject property prior to submitting offers.

Key Highlights

• Year built: 1984
• Limited service hotel positioned immediately off Interstate 15 and Highway 76
• Easy ingress/egress from I‑15, a major Southern California north–south corridor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$318,270

Cap Rate

5.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,365,400 $6.4M

Cap Rate 7%

$4,546,714 $4.5M

Cap Rate 9%

$3,536,333 $3.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,391 SF

Gross rent

$781.8K $40.32/SF

− Vacancy

−$111.8K −$5.77/SF

EGI

$670.0K $34.55/SF

− OpEx

−$351.8K −$18.14/SF

NOI

$318.3K $16.41/SF

Area

San Diego County, CA

Vacancy

14.30%

Lease Rate

$40.32 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,365,400

Cap Rate 7%

$4,546,714

Cap Rate 9%

$3,536,333

Alternative Uses

Best Use

Hotel Hospitality

$4.55M

$3.98M – $5.30M (±1% cap)

NOI $318,270 @ 7.0% cap · market cap 5.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$8.88M

$7.77M – $10.37M (±1% cap)

NOI $621,902 @ 7.0% cap · market cap 11.11%

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

Quality Inn Fallbrook ... Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Hair Salon Spa & Massage Center Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

61

Businesses Nearby

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

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Frequently Asked Questions

What type of property is this?

Hotel - Quality Inn Fallbrook is a limited service hotel positioned immediately off Interstate 15 and Highway 76.

Where is this hotel located?

The property is located at 3135 Old Highway 395 Fallbrook, CA.

What is the asking price?

The asking price for this property is $5,600,000.

What are key features of this property?

This property features: Year built: 1984; Limited service hotel positioned immediately off Interstate 15 and Highway 76; Easy ingress/egress from I‑15, a major Southern California north–south corridor