605 Alvarado StFallbrook, CA 92028

Property Details for 605 Alvarado St

Year built

2014

Lot size

0.20 AC

Property size (Sq ft)

4,198 SF

Zone code

COMMERCIAL

Property type

Healthcare properties

Property subtype

Medical offices

APN

103-246-08-00

APU

1032460800

Description

This exceptional 2,200 square foot office space, part of a larger 4,198 square foot building, is ideally situated at 605 E Alvarado St in Fallbrook, CA 92028. Built in 2014, this two-story building offers a blend of traditional and medical office suitability. The space boasts a large open entryway, a convenient kitchen/break room, and a private restroom. Currently configured with four private offices, the layout allows for flexible expansion to accommodate various business needs. The property features ample parking, including on-street options, and is conveniently located near downtown Fallbrook's restaurants and amenities. The building has eleven total parking spaces. While currently without an elevator, the building's design allows for the addition of an elevator, making it a particularly attractive option for medical practices. The property sits on 0.2 acres of land and has a floor area ratio (FAR) of 0.49. This move-in ready space presents a fantastic opportunity for businesses seeking a well-appointed and conveniently located office in the heart of Fallbrook. The minimum divisible space is 2,200 square feet, and the maximum contiguous space available is also 2,200 square feet. This represents the entire vacant space within the building.

• CAP approach

  CAP return

  Valuation

  6%

  $938,954

  6.5%

  $866,726

  7%

  $804,817

• Comparable approach

  Method

  Valuation

  Relative Method

  $692,262

  Geo Method

  $1,477,570

• Alternative Use

  Use

  Valuation

  Residential

  $1,074,741

  Hospitality

  $984,457

  Educational

  $819,056

  Medical

  $847,225

  Retail

  $1,274,088

Location Insight

City

Fallbrook

County

San Diego

State

California

Latitude

33.3817

Longitude

-117.245

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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