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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Retail space
111 Main Ave Fallbrook, CA 92028-2848
Trust Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9937542
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1979
Total area
5,326 SF
Lot
0.15 ac (6,499 SF)
Zoning code
COMMERCIAL
APN
103-221-30-00
UPID
US09-9937542
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
-
Fallbrook Main Avenue Certified Farmers & Artisan Market Specialty Food Shop Farmer's Market
-
Essex Mortgage: Martin Quiroz Loan Service Bank
-
Fallbrook Chamber of Commerce Business Service Center Advocacy Group
-
Fallbrook Music Society Music Venue Bar & Pub
-
Artiscape Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$760k
Owner & transaction history
Cheng,ana Family Trust · 5 yrs held
Cheng,ana Family Trust
since 2021
Last sale
$725,000
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
$800,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,220,000
Current use
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $725k (Jan 29 2021)
Last sale anchor
$725k
Jan 29 2021
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
$143 / 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
$9,891
Tax year 2024
Assessed value
$922,425
Assessed 2024
Previous assessed
$922,425
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$341,637
Assessed improvement
$580,788
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1979
Heating
NONE
Units
1
Total area
5,326 SF
Lot
0.15 ac (6,499 SF)
Zoning code
COMMERCIAL
APN
103-221-30-00
UPID
US09-9937542
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
RETAIL STORES Current
Est. value
$1.2M
RETAIL STORES Current
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
1979
Heating
NONE
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Cheng,ana Family Trust
Trust
Mailing address
31125 OLD RIV RD, BONSALL, CA 92003-5104
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2021
—
Cheng,ana Family Trust
Ana Cheng
Quit Claim Deed
related
—
Jan 24, 2013
$725,000
Ana Cheng
Fallbrook Village Invtrs I LLC
Grant Deed
—
Jan 24, 2013
—
Ana Cheng
Truong,louis
Grant Deed
related
$362,500 · Mission Oaks National Bank
May 26, 2005
$750,000
Fallbrook Village Invtrs I LLC
Harrison Family Trust
Grant Deed
$559,765 · Community National Bank
—
—
Ana Cheng
—
Deed Of Trust
related
$362,500 · Mission Oaks National Bank
—
—
Kermit L Harrison
—
Deed Of Trust
related
$175,000 · Temecula Valley National Bank
—
—
Harrison Trust
—
Deed Of Trust
related
$100,000 · North County Bank
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.
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