Office Building with Radio
For Sale
$395,000
68479 Twentynine Palms Highway, 29 Palms, CA 92277
Land, 29 Palms, CA
Property Size1,866 SF
Lot Size17.87 Acres
Price / SF$211.68
Days on Market326
Property Features for 68479 Twentynine Palms Highway
General Information
Property type
Land
Property subtype
Other
Zoning
RL 2.5
Lot features
Lot Over 40000 Sqft, Desert Back, Desert Front, Secluded
View
Desert
Directions
Hwy 62 east, property will be on your left, just before Mantonya Rd. Look for radio antenna tower.
Subdivision
DC711 - Copper Mountain East
Standard status
Active
APN
0613191230000
Lot size
17.87 Acres
Utilities
Water source
Public
Amenities
radio antenna tower
fiber optics
Listing Agency:
Cherie Miller & Associates
(760) 369-1800
Listed By:
Madelaine LaVoie · License #01005011
(760) 401-3374
Added: Oct 3, 2025
Changed: Aug 20
Last Checked: Aug 24 at 7:06AM
MLS# JT25232166
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property includes an 1,866-square-foot office building currently used as a radio station, along with a 464-foot radio antenna tower and fiber-optic connectivity. Interior features include two half bathrooms, three spaces identified for potential bedroom conversion, two common areas, and an eat-in kitchen. A well casing is also present, while the property receives public water service.
The improvements sit on 17.8745 acres in 29 Palms, California. The land is zoned RL 2.5 and is near the entrance to Joshua Tree National Park and Copper Mountain College. The property address is 68479 Twentynine Palms Highway, 29 Palms, CA 92277.
The improvements sit on 17.8745 acres in 29 Palms, California. The land is zoned RL 2.5 and is near the entrance to Joshua Tree National Park and Copper Mountain College. The property address is 68479 Twentynine Palms Highway, 29 Palms, CA 92277.
Key Highlights
- 1,866‑square‑foot office building currently used as a radio station
- 464‑foot radio antenna tower with fiber optics
- 17.8745 acres of land zoned RL 2.5
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,964
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,280
$439.3K
Cap Rate 7%
$313,771
$313.8K
Cap Rate 9%
$244,044
$244.0K
Market Conditions
NOI Build-Up for 1,866 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.8K $17.04/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$29.3K $15.69/SF
− OpEx
−$7.3K −$3.92/SF
NOI
$22.0K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$439,280
Cap Rate 7%
$313,771
Cap Rate 9%
$244,044
Alternative Uses
Best Use
Office B
$313.8K
$274.6K – $366.1K
NOI $21,964 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$393.6K
$344.4K – $459.2K
NOI $27,552 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Explore this area
Business Placement
Demographics for 92277, CA
23,988
Population
13,657
Households
1.8
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
1,599.1 sq mi
ZIP Area
15
Density / Sq Mi
$55,515
Median Household Income
$40,928
Median Earnings
$1,267
Median Rent
$224,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Existing radio-station improvements include fiber optics, public water, and an eat-in kitchen.
Where is this office building located?
The property is located at 68479 Twentynine Palms Highway 29 Palms, CA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,866‑square‑foot office building currently used as a radio station; 464‑foot radio antenna tower with fiber optics; 17.8745 acres of land zoned RL 2.5
