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    Property profile & analytics

    1133 Msn Rd Fallbrook, CA 92028-3222

    • Grocery and convenience stores
    • 72,080 SF
    • 6.13 lot acres
    OFF-MARKET
    Last Sale
    Jan 17, 2020
    $19,874,500
    Value Estimations
    $20,685,000
    Show details
    Cap Rate Potential
    4.5%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US09-9908365
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Albertsons Floral / (Bike/Boat/Book/etc) Store / Florist
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • Albertsons Pharmacy / Pharmacy
    • higi / Physician
    • U.S. Bank Branch / Bank / Loan Service

    Property Details for 1133 Msn Rd

    Year built
    1985
    Lot size
    6.13 lot acres
    Property size
    72,080 SF
    Zone code
    COMMERCIAL
    Property type
    Grocery and convenience stores
    APN
    104-390-01-00
    APU
    1043900100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $24,990,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $18,870,000
      6.5%
      $17,420,000
      7%
      $16,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $24,989,000
      Market price range: $10.2M - $25.0M
      AI Estimate
      $16,971,000
      Market price range: $5.12M - $17.4M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $16,515,000
      Current use
      MEDICAL BUILDING
      $34,210,000
      Change: +107% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $27,515,000
      Change: +67% Conversion: Difficult
      OFFICE BUILDING
      $25,990,000
      Change: +57% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $22,690,000
      Change: +37% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fallbrook
    County
    San Diego
    State
    California
    Longitude
    -117.255
    Latitude
    33.3718
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $232,858
    $9,295,991
    $12,439,234
    $21,735,225
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,250,000
      10,000 SF

      1285 Msn Rd

      GROCERY, SUPERMARKET • 10,000 SF
      1285 Msn Rd, Fallbrook, CA 92028-4005
      View Details
    • Value Estimation
      $1,910,000
      15,104 SF

      311 Main Ave

      GROCERY, SUPERMARKET • 15,104 SF
      311 Main Ave, Fallbrook, CA 92028-1960
      View Details
    • Value Estimation
      $3,675,000
      16,708 SF

      1331 Msn Rd

      GROCERY, SUPERMARKET • 16,708 SF
      1331 Msn Rd, Fallbrook, CA 92028-4007
      View Details
    • Value Estimation by Request
      0.18 Acres

      209 Main Ave, Unit 13

      RETAIL STORES (PERSONAL SERVICES) • 0.18 Acres
      209 Main Ave, Fallbrook, CA 92028-2059
      View Details
    • Value Estimation by Request
      4.33 Acres

      2294 Winter Hvn Ln

      RETAIL STORES (PERSONAL SERVICES) • 4.33 Acres
      2294 Winter Hvn Ln, Fallbrook, CA 92028-9036
      View Details
    • Value Estimation
      $3,550,000
      16,480 SF

      640 Main Ave

      RETAIL STORES (PERSONAL SERVICES) • 16,480 SF
      640 Main Ave, Fallbrook, CA 92028-2944
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Commercial Building on Mission Avenue

      Commercial building for sale fronting Mission Avenue.
      805 E Mission Rd, Fallbrook, CA 92028
      View Details
    • $1,049,000

      Fallbrook Mixed-Use Commercial Property

      Mediterranean-style building in Fallbrook's revitalizing downtown core.
      343 E Alvarado St, Fallbrook, CA 92028
      View Details
    • $225,000
      94,089.60 Acres

      Residential Land in Fallbrook, CA

      2.16 acre residential lot to build your dream house.
      Rainbow Crest Rd, Fallbrook, CA 92028
      View Details
    • $349,000
      110,206.80 Acres

      Fallbrook Buildable Lot with Views

      2.53 acre lot in Fallbrook, ideal for custom residence.
      6542 Indian Trail Way, Fallbrook, CA 92028
      View Details
    • $1,200,000
      1,594,732.00 Acres

      Expansive Land Parcel in Fallbrook

      36.61 acres of usable land ideal for various projects.
      Jubilee Dr, Fallbrook, CA 92028
      View Details
    • $659,000
      86.00 Acres

      Fallbrook Ranch: 86 Acres

      Prime Agricultural Land, Abundant Water
      0 Sombrero Rd, Fallbrook, CA 92028
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      62,354 SF

      Mission Plaza: Fallbrook Retail Center

      High-traffic Fallbrook shopping center, Northgate anchored.
      1328 Mission Rd, Fallbrook, CA 92028
      View Details
    • Contact for pricing
      16,708 SF

      Former Rite Aid in Fallbrook

      Former Rite Aid location available for lease in Fallbrook, CA.
      1331 S Mission Rd, Fallbrook, CA 92028
      View Details
    • Contact for pricing
      600 SF

      Retail Space Available For Rent

      In-line retail space available for lease.
      1406-1418 S Mission Rd, Fallbrook, CA 92028
      View Details
    • Contact for pricing

      Former Rite Aid For Lease

      Former Rite Aid location available for lease in Fallbrook, CA.
      1331 S Mission Rd, Fallbrook, CA 92028
      View Details
    • Contact for pricing

      Retail Property in Fallbrook

      Fully leased retail property in Fallbrook, California.
      1075 S Mission Rd, Fallbrook, CA 92028
      View Details
    • Contact for pricing
      7,500 SF

      Fallbrook Industrial Suite For Rent

      7,500 SF industrial suite with high ceilings and easy access.
      2319 Old Highway 395, Fallbrook, CA 92028
      View Details

    Property Visit Statistics

    • Visits by month
      111.4k
    • Visitors by month
      45.3k
    • Avg Time on site
      22 min
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    1133 Msn Rd
    Fallbrook, CA 92028-3222
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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