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Property profile & analytics
FOR LEASE
Community centers
1328 Mission Rd, Fallbrook, CA 92028
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9892601
For Lease
1 / 4
$480/Mo
1328 Mission Rd, Fallbrook, CA 92028
View Listing →
Property summary
AI-generated overview
Mission Plaza, a vibrant Fallbrook shopping center, presents a compelling investment opportunity. Anchored by a prominent Northgate Market, this retail center boasts a total of 62,354 square feet, currently featuring 600 square feet of vacant space available for lease. The property enjoys a prime location with excellent visibility along Mission Road, experiencing high daily traffic volume of 22,260 cars (source: Costar). Built in 1980, the Class C building sits on 1.31 acres of land and has a Floor Area Ratio (FAR) of 0.99. Ample parking is provided with 230 spaces. The property is zoned C36 (Commercial) and identified by APN 104-201-21-00 in San Diego County. The multiple-tenancy structure offers diverse leasing options. This established center provides a strong foundation for growth and profitability, benefiting from its strategic location and established anchor tenant. The available space presents a unique chance to establish a presence in a thriving Fallbrook community. Interested parties should inquire about current pricing and tenant mix availability.
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1974
Total area
21,440 SF
Lot
0.52 ac (22,824 SF)
Zoning code
COMMERCIAL
APN
104-201-21-00
UPID
US09-9892601
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 Family Health Center Medical Clinic
-
Community Health Systems Inc Community Health Centre Neurologist
-
Dr. Kurtis Linderman Physician
-
Dr. Guadalupe Villa, DDS Dental Office
-
Dr. Cesar Mamani, DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.84M
Owner & transaction history
Community Health Systems INC · 6 yrs held
Community Health Systems INC
since 2020
6 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%
$9,340,000
6.5%
$8,620,000
7%
$8,005,000
Blend value · Realmo final
$6.84M
Range $6.16M – $7.52M · ±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
$319 / 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
$49
Tax year 2024
Assessed value
$4,671,053
Assessed 2024
Previous assessed
$4,671,053
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$1,108,279
Assessed improvement
$3,562,774
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1974
Heating
NONE
Units
1
Total area
21,440 SF
Lot
0.52 ac (22,824 SF)
Zoning code
COMMERCIAL
APN
104-201-21-00
UPID
US09-9892601
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.
Building & site characteristics
From public records
Year built
1974
Heating
NONE
Units
1
Lot
0.52 ac
Current owner
From public records · entity-resolved
Community Health Systems INC
Entity
Mailing address
22675 ALESSANDRO BLVD, MORENO VALLEY, CA 92553-8551
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 10, 2022
—
Community Health Systems INC
—
Deed
related
$5,570,000 · California Enterprise Development Author
Feb 4, 2020
—
Community Health Systems INC
Jljconsolidated LLC
Grant Deed
$3,000,000 · Jpmorgan Chase Bank NA
Dec 30, 2011
$3,600,000
Jlj Consolidated LLC
El Tigre Holding Corp
Grant Deed
$3,600,000 · Chase New Markets Corp
Dec 19, 2005
—
El Tigre Holding Corp
El Tigre INC
Quit Claim Deed
—
Jul 25, 2003
$4,300,000
El Tigre INC
Rohrbach,john & Anh
Grant Deed
$2,740,000 · Hanmi Bank
Dec 30, 1999
$3,300,000
John Rohrbach
Joseph A Gann & Associates LLC
Grant Deed
$2,300,000 · Seller
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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