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Property profile & analytics
FOR SALE
Medical Office Space
1035 S Main Ave Fallbrook, CA 92028
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9892598
For Sale
1 / 4
$2,200,000
1035 S Main Ave, Fallbrook, CA 92028
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Total area
6,650 SF
Lot
0.98 ac (42,688 SF)
Zoning code
COMMERCIAL
APN
104-123-03-00
UPID
US09-9892598
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Hui-Wen “Annie Dai, DO Pediatrician Physician
-
Annie Dai, DO | Fallbrook Medical Office | PHMG Pediatrician Physician
-
Jeffrey Petersen, MD, DC | Fallbrook Medical Office | PHMG Pediatrician Physician
-
Peter Jenson, MD | Fallbrook Medical Office | PHMG Pediatrician Physician
-
Victor Huang, MD | Fallbrook Medical Group | PHMG Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.93M
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.96M
Owner & transaction history
Rlm Management LLC · 6 yrs held
Rlm Management LLC
since 2020
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Fallbrook, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fallbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fallbrook submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,090,000
6.5%
$1,930,000
7%
$1,795,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,155,000
Current use
AUTO REPAIR, GARAGE
$2,540,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.96M
Range $1.76M – $2.15M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$294 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$25,678
Tax year 2024
Assessed value
$2,389,058
Assessed 2024
Previous assessed
$2,389,058
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,072,201
Assessed improvement
$1,316,857
Applied tax rate
75.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1966
Heating
NONE
Units
1
Total area
6,650 SF
Lot
0.98 ac (42,688 SF)
Zoning code
COMMERCIAL
APN
104-123-03-00
UPID
US09-9892598
Jurisdiction
SAN DIEGO
Zoning & alternative use
COMMERCIAL · Fallbrook, CA
Zoning COMMERCIAL · permitted uses
COMMERCIAL · Fallbrook, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fallbrook. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.5M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Heating
NONE
Units
1
Lot
0.98 ac
Current owner
From public records · entity-resolved
Rlm Management LLC
Entity
Mailing address
1058 HONEYSUCKLE DR, SAN MARCOS, CA 92078-1513
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2021
—
Rlm Management LLC
—
Deed
related
$1,000,000 · California Cu
Feb 14, 2020
$2,310,000
Rlm Management LLC
Hans 1 LLC
Correction Deed
related
—
Dec 23, 2019
$2,310,000
Rlm Management LLC
Hans 1 LLC
Grant Deed
—
Dec 22, 2016
$1,900,000
Hans 1 LLC
Rosemary P Hokanson
Grant Deed
$365,000 · The Hokanson Family Trust
Dec 22, 2016
—
Rosemary P Hokanson
Hokanson,robert W
Affidavit Of Death
related
—
Mar 3, 2011
—
Hokanson R & R Family Trust
Hokanson Family Trust
Quit Claim Deed
related
—
Oct 16, 2009
—
Hokanson Family Trust
Hokanson,robert W
Affidavit Of Death
related
$1,250,000 · California Coast Cu
May 4, 2001
—
Rosemary P Etal Hokanson
Hokanson,rosemary P & Obert W
Quit Claim Deed
related
—
Jun 12, 1995
—
Fallbrook Primary Care Group
—
Grant Deed
related
$400,000 · Fallbrook National Bank
Apr 26, 1995
$390,000
Fallbrook Primary Care Group
Ss Scout Properties California
Grant Deed
$310,000 · Fallbrook National Bank
May 6, 1993
$813,500
Ss Scout Properties Ca
Washington Mutua
Grant Deed
—
—
—
Hokanson Family Trust
—
Deed Of Trust
related
$775,000 · San Diego County Cu
—
—
Fallbrook Primary Care Group
—
Deed Of Trust
related
$331,000 · Cdc Small Business Finance Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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