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Property profile & analytics
FOR SALE
Medical Office Space
645 E Elder St C Fallbrook, CA 92028
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9902204
For Sale
1 / 12
$550,000
645 E Elder St,Unit C, Fallbrook, CA 92028
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Total area
5,349 SF
Lot
0.56 ac (24,393 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
105-341-36-00
UPID
US09-9902204
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 Dentist Dental Office
-
Joni C. Branham, LCSW Psychotherapist
-
Eric Ramos, OD Physician
-
Fallbrook Dental Care, Robin Lambert Mells DDS Dental Office
-
Fallbrook Eye Center Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Daniel A Gluesenkamp · 5 yrs held
Daniel A Gluesenkamp
since 2020
Last sale
$176,000
7 recorded transactions
Zoning & alternative use
RESTRICTED 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,137
Tax year 2024
Assessed value
$939,996
Assessed 2024
Previous assessed
$939,996
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$230,144
Assessed improvement
$709,852
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1979
Heating
NONE
Units
1
Total area
5,349 SF
Lot
0.56 ac (24,393 SF)
Zoning code
RESTRICTED COMMERCIAL
APN
105-341-36-00
UPID
US09-9902204
Jurisdiction
SAN DIEGO
Zoning & alternative use
RESTRICTED COMMERCIAL · Fallbrook, CA
Zoning RESTRICTED COMMERCIAL · permitted uses
RESTRICTED 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
1979
Heating
NONE
Units
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Daniel A Gluesenkamp
Individual
Free & Clear · 5 yrs held
Mailing address
1415 JOSEPHINE ST, BERKELEY, CA 94703-1115
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2020
—
Daniel A Gluesenkamp
Gluesenkamp E W 1989 Trust
Quit Claim Deed
related
—
Dec 20, 2019
—
Gluesenkamp,eric W 1989 Trust
Eric W Gluesenkamp
Affidavit Of Death
related
—
Nov 23, 2009
—
Gluesenkamp,e W 1989 Trust
Eric W Gluesenkamp
Quit Claim Deed
related
—
Oct 21, 2008
—
Davison Family Trust
Robert H Davison
Quit Claim Deed
related
—
Dec 18, 2003
—
Beye,tr
Beye,nicholas
Quit Claim Deed
related
—
Aug 18, 2003
$176,000
Nicholas Beye
Flores,daniel A
Grant Deed
—
Aug 18, 2003
—
Nicholas Beye
Flores,lin D
Quit Claim Deed
related
—
—
—
Village Professional Center
—
Deed Of Trust
related
$435,000 · Union Bank Of California
—
—
Village Professi
—
Deed Of Trust
related
$500,000 · Glendale Federal 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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