Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    73629 Two Mile Rd Twentynine Palms, CA 92277

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $545,000

    Newly renovated restaurant near Marine Base and Joshua Tree National Park.

    Lot size:
    0.53 Acres

    Property Features for 73629 Two Mile Rd

    General Information

    Lot size
    0.53 Acres

    Building Details

    Year built
    1954

    We can help!

    Listing Contact
    Reggie McAtee
    Source: Elliman

    Listing Agent: Reggie McAtee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Renovated Restaurant Opportunity in Twentynine Palms

    This newly renovated restaurant in the heart of Twentynine Palms presents an opportunity for a full-service diner. The property, formerly a Foster's Freeze, features new tile flooring, new lighting, a new septic system, and two new grease pits. The interior and exterior have been freshly painted, with additional updates in progress. This iconic location benefits from a history of high traffic, ample parking, and easy access. It is located near the Marine Base and Joshua Tree National Park.
    Location Intelligence

    Current Use by Public Records

    Breakfast & diners

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Twentynine Palms
    County
    San Bernardino
    State
    California
    Longitude
    -116.0558503
    Latitude
    34.1497999

    Nearby Similar for Sale

    • $1,990,000

      Iconic Drive-In Theater For Sale

      25-acre property with drive-in theater near Joshua Tree National Park.
      4584 Adobe Rd, Twentynine Palms, CA 92277
      View Details
    • $269,900

      Charming Duplex in 29 Palms

      Well-maintained duplex in a prime location near Joshua Tree.
      6388 Cienega Dr, Twentynine Palms, CA 92277
      View Details
    • $500,000

      Free-Standing Commercial Building with Lot

      4,200 SF commercial building with adjacent lot for sale.
      73782 Two Mile Rd, Twentynine Palms, CA 92277
      View Details
    • $300,000

      Furnished Duplex Near Downtown

      Fully furnished duplex near downtown, leased for immediate income.
      73514 Desert Trail Dr, Twentynine Palms, CA 92277
      View Details
    • $979,900

      Twentynine Palms Multi-Unit Property

      Multi-unit property in Twentynine Palms near Joshua Tree.
      6038 Bagley Ave, Twentynine Palms, CA 92277
      View Details
    • $550,000

      Twentynine Palms Investment Opportunity

      Four-unit multifamily property with renovation potential in Twentynine Palms.
      73615 Sun Valley Dr, Twentynine Palms, CA 92277
      View Details
    • $400,000

      Commercial Property Near Marine Base

      Retail and office space near Joshua Tree National Park.
      5823 Adobe Rd, Twentynine Palms, CA 92277
      View Details
    • Contact for pricing

      Updated Mobile Home in Park

      Updated 2-bedroom, 1-bathroom mobile home in all-age park.
      4561 Adobe Rd, Twentynine Palms, CA 92277
      View Details
    • $460,000

      Prime Commercial Space in Twentynine Palms

      Commercial space near Joshua Tree National Park, ideal for restaurants.
      73489 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details
    • $359,900

      Twentynine Palms Triplex Investment

      Triplex in downtown Twentynine Palms, turn-key investment opportunity.
      6030 Ocotillo Ave, Twentynine Palms, CA 92277
      View Details
    • $275,000

      Commercial Buildings in Downtown

      Two attached buildings in downtown Twentynine Palms for sale.
      5929 Adobe Rd, Twentynine Palms, CA 92277
      View Details
    • $565,000

      Highway Frontage Commercial Building

      Shell condition building suitable for restaurant or retail.
      73845 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details

    FAQs

    What type of property is this?
    Restaurant - Newly renovated restaurant near Marine Base and Joshua Tree National Park.
    Where is this restaurant located?
    The property is located at 73629 Two Mile Rd Twentynine Palms, CA.
    What is the asking price?
    The asking price for this property is $545,000.
    What are key features of this property?
    This property features: - Newly renovated restaurant space, ready for a full-service diner.; - Iconic location with high traffic history.; - Ample parking and easy access.
    (760) 367-9521
    Request Owner's contact information
    73629 Two Mile Rd Twentynine Palms, CA 92277
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    73629 Two Mile Rd
    Twentynine Palms, CA 92277
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    73629 Two Mile Rd Twentynine Palms, CA 92277
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Reggie McAtee
    Real Estate License ID: 01503436
    (760) 367-9521
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.