1328 Mission RdFallbrook, CA 92028

Property Details for 1328 Mission Rd

Year built

1974

Lot size

0.52 AC

Property size (Sq ft)

21,440 SF

Zone code

COMMERCIAL

Property type

Community centers

APN

104-201-21-00

APU

1042012100

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,042,144

  6.5%

  $6,500,441

  7%

  $6,036,124

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,906,884

  Geo Method

  $19,016,516

• Alternative Use

  Use

  Valuation

  Residential

  $5,483,365

  Hospitality

  $5,022,733

  Educational

  $4,178,855

  Medical

  $4,322,572

  Retail

  $6,500,441

Location Insight

City

Fallbrook

County

San Diego

State

California

Latitude

33.3689

Longitude

-117.25

CBSA code

41740

CBSA name

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

Property Tax & Assessments

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