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    Property profile & analytics

    1514 Msn Rd, Unit 24 Fallbrook, CA 92028-2404

    • Apartment buildings
    • 4,062 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Jun 26, 2023
    Value Estimations
    $760,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9891138
    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

    • Apartment buildings

    Property Details for 1514 Msn Rd

    Year built
    1959
    Lot size
    1.59 lot acres
    Property size
    4,062 SF
    Zone code
    R-1:SINGLE FAM-RES
    Property type
    Apartment buildings
    APN
    105-092-33-00
    APU
    1050923300

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,125,000
      6.5%
      $1,040,000
      7%
      $965,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fallbrook
    County
    San Diego
    State
    California
    Longitude
    -117.232
    Latitude
    33.3879
    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
    $8,025
    $372,724
    $372,724
    $745,448
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,430,000
      20,426 SF

      745 Alturas Ln

      APARTMENT HOUSE (5+ UNITS) • 20,426 SF
      745 Alturas Ln, Fallbrook, CA 92028-3175
      View Details
    • Value Estimation
      $3,185,000
      17,648 SF

      713 Alturas Ln

      APARTMENT HOUSE (5+ UNITS) • 17,648 SF
      713 Alturas Ln, Fallbrook, CA 92028-3154
      View Details
    • Value Estimation
      $710,000
      3,078 SF

      318 Fallbrook St

      APARTMENT HOUSE (5+ UNITS) • 3,078 SF
      318 Fallbrook St, Fallbrook, CA 92028-3363
      View Details
    • Value Estimation
      $895,000
      4,788 SF

      420 Pico Ave

      APARTMENT HOUSE (5+ UNITS) • 4,788 SF
      420 Pico Ave, Fallbrook, CA 92028-1964
      View Details
    • Value Estimation
      $1,155,000
      5,151 SF

      1214 Alturas Rd

      APARTMENT HOUSE (5+ UNITS) • 5,151 SF
      1214 Alturas Rd, Fallbrook, CA 92028-3903
      View Details
    • Value Estimation
      $8,565,000
      59,850 SF

      1420 Alturas Rd

      APARTMENT HOUSE (5+ UNITS) • 59,850 SF
      1420 Alturas Rd, Fallbrook, CA 92028-3907
      View Details

    Similar Nearby for Sale

    • $1,075,000

      Corner Property with Redevelopment Potential

      Mixed-use property featuring residential duplex and commercial office.
      408 N Pico Ave, Fallbrook, CA 92028
      View Details
    • $485,000
      Pending

      Turn Key Home in Fallbrook

      Home in active 55+ community with many amenities.
      4650 Dulin 178, Fallbrook, CA 92028
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    • $950,000
      1.07 Acres

      Fallbrook Commercial Land - $950K

      1.07-acre buildable lot, prime Fallbrook location.
      1655 Mission Rd, Fallbrook, CA 92028
      View Details
    • $2,950,000
      268.00 Acres

      Supale Ranch: 268 Acres in Fallbrook

      Prime CA Land: Residential & Commercial Potential
      0 Supale Ranch Rd, Fallbrook, CA 92028
      View Details
    • $1,075,000

      High-Visibility Corner Mixed-Use Property

      Corner property with redevelopment potential and income-producing duplex and office.
      408 N Pico Ave, Fallbrook, CA 92028
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    • $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

    • Contact for pricing
      1,365 SF

      Retail Space Available For Rent

      Retail property with 1365 square feet available for rent.
      1113 South Mission Rd, Fallbrook, CA 92028
      View Details
    • $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
    • $449,000
      Pending

      Fallbrook Retail with Rental Upside

      Retail property in Fallbrook with significant rental and owner potential.
      216 E 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
      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

      Fallbrook Specialty Property For Rent

      Specialty property available for rent in Fallbrook, California.
      521 East Elder St, Fallbrook, CA 92028
      View Details
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    Fallbrook, CA 92028-2404
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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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