$550,000
●
Commercial -
For Sale
645 E Elder St #C
Fallbrook, CA 92028
Studio
0 Bath
1,400 Ft²
$2,701
Est. Monthly
About This Property
This is the perfect location to bring your business to Fallbrook.
Located next to a beautiful senior assisted living facility, this
remodeled office space is located within the Village Medical
Center. This location is move-in ready. Formerly a medical office
with a reception area, waiting room, 4 exam rooms, client
restrooms, private office with a private restroom, kitchen area and
a separate exit to the rear parking field. The ample parking field
is right behind the building. The local neighbors are: Skilled
Nursing Center, Senior Living Facility and Multi-Tenant Medical
Projects.
Unit Size
1,400 Ft²
Days on Market
39 days
Land Size
-
Price per sqft
$393
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (SDMLS #NDP2608512)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 8, 2026 | Listed by Realty Incorporated | $550,000 | |
| Listed by Realty Incorporated | |||
Property Highlights
Exterior Details
Square Footage: 1400
Year Built Source: Assessor
Year Built: 1979
Building Area Total: 1400
Lot Features: Sprinklers In Front, Level, ZeroToOneUnitAcre, SprinklerSystem, StreetLevel, Walkstreet
Lot Size Area: 0.56
Comparables
Unit
Status
Status
Type
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ft²
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Asking Price
Listed On
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Closing Price
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Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
Building Info
645 East Elder Street
645 East Elder Street, Fallbrook, CA 92028
- 2 Units for Sale
About Fallbrook
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Listed by: Michael Crain, Realty Incorporated
Last Updated: 2 months ago
Data Source: CRMLS, MLS# NDP2608512
Last Updated: 2 months ago
Data Source: CRMLS, MLS# NDP2608512
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