Property profile

121 Pico Ave Fallbrook, CA 92028

OFF-MARKET
Turn key restaurants
Property ID
US09-9897145
700 SF 0.09 ac lot Built 1945
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1945
Total area 700 SF
Lot 0.09 ac (3,776 SF)
Zoning code COMMERCIAL
APN 103-263-23-00
UPID US09-9897145

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

121 Pico Ave Fallbrook, CA 92028-2039
Fallbrook metro Census 18904 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
$479k
Blend (final) Blend
$550k

Owner & transaction history

since 2024
Last sale
$550,000
7 recorded transactions
2024
$550,000
2022
$350,000
2020
$225,000
2011
$135,000
2010
Price N/A
2006
$415,000
2002
$137,000

Zoning & alternative use

COMMERCIAL · Fallbrook, CA
Top alternative use upside
Neighborhood: shopping center $630,000 +37.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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