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Property profile & analytics
OFF-MARKET
Estimated value
$26,425,000
Community centers
855 Main Ave, Fallbrook, CA 92028-3351
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9930750
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1986
Total area
18,982 SF
Lot
1.46 ac (63,597 SF)
Zoning code
COMMERCIAL
APN
104-122-42-00
UPID
US09-9930750
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
-
Dr. Quynh-Thu Thai, DDS Dental Office
-
Shred Nations Recycling Center Waste Management Facility
-
FedEx Authorized ShipCenter Courier Service Postal Service
-
Nancy's Silver Shop (Bike/Boat/Book/etc) Store
-
Bella Dental Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$22.69M
Blend (final)
Blend
$26.43M
Owner & transaction history
Vista Fortuna LLC · 4 yrs held
Vista Fortuna LLC
since 2021
Last sale
$27.3M
7 recorded transactions
Zoning & alternative use
COMMERCIAL · Fallbrook, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$31.2M
+82.4%
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
$28,455,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$17,100,000
Current use
COMMERCIAL (GENERAL)
$31,190,000
Change: +82% · Conversion: Easy
Blend value · Realmo final
$26.43M
Range $23.78M – $29.07M · ±10% · vs last sale $27.28M (Dec 14 2021)
Last sale anchor
$27.28M
Dec 14 2021
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
$1,392 / 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
$65,193
Tax year 2024
Assessed value
$6,086,340
Assessed 2024
Previous assessed
$6,086,340
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$2,705,040
Assessed improvement
$3,381,300
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
Off-Market
Year built
1986
Heating
NONE
Units
1
Total area
18,982 SF
Lot
1.46 ac (63,597 SF)
Zoning code
COMMERCIAL
APN
104-122-42-00
UPID
US09-9930750
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$17.1M
COMMERCIAL (GENERAL)
Est. value
$31.2M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Heating
NONE
Units
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Vista Fortuna LLC
Entity
Mailing address
10250 CONSTELLATION BLVD STE #2600, LOS ANGELES, CA 90067-6240
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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 14, 2021
$27,282,500
Vista Fortuna LLC
Fallbrook Grf2 LLC
Grant Deed
$10,000,000 · River City Bank
Dec 2, 2020
—
Fallbrook Grf2 LLC
—
Deed
related
$168,169,721 · Wells Fargo Bank NA
May 5, 2016
—
Fallbrook Grf2 LLC
—
Deed
related
$15,460,788 · Wells Fargo Bank NA
Feb 19, 2016
$23,600,000
Fallbrook Grf2 LLC
Fallbrook Mercantile LLC
Grant Deed
—
Dec 7, 2012
$8,590,000
Fallbrook Mercantile LLC
Granite Fallbrook LP
Grant Deed
—
Nov 8, 2006
—
Granite Fallbrook
Fallbrook Mercantile LLC
Quit Claim Deed
—
Feb 29, 2000
—
Gms Realty LLC
Cimarron Properties LLC
Grant Deed
related
—
Sep 30, 1998
—
Gms Realty LLC
Fallbrook Mercantile
Grant Deed
$200,000,000 · Wells Fargo Bank
Nov 8, 1996
—
Fallbrook Mercantile
—
Deed Of Trust
related
$4,000,000 · Nationwide Life Insurance Co
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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