Historic Plaza in Twentynine
For Sale
$400,000
5653 Plaza Rd, Twentynine Palms, CA 92277
Shopping center in a revitalizing community near Marine Corps base.
Property Size1,875 SF
Lot Size0.18 Acres
Days on Market211
Property Features for 5653 Plaza Rd
General Information
Standard status
Active
Size
1,875 SF
Lot size
0.18 Acres
Property subtype
Commercial
Building Details
Building Size
1,875 SF
Year Built
1948
Listing Agency:
Cindy Mark Realty
Listed By:
Cindy Mark · License #01332204
(760) 367-6611
Source:
Elliman
Added: Mar 11
Changed: Sep 30
Last Checked: Oct 5 at 6:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cindy Mark Realty
Investment Insights
Based on property information with market context.
This shopping center is located in the heart of a vibrant community experiencing revitalization, minutes from the entrance to the largest Marine Corps base in the world. The property benefits from high traffic and visibility along Adobe Road, a major thoroughfare. This stand-alone building is ready for a fresh start in a growing area full of potential. The property is suited for various businesses, such as eateries, salons, bars, vintage stores, and apothecary shops. Easy access for shipping and receiving is available from both Adobe Road and the alley. The location is near Joshua Tree National Park and a short drive from the Tortious Rock Casino. The property is located at 5653 Plaza Rd, Twentynine Palms, CA 92277.
Key Highlights
- High‑traffic location on Adobe Road, a major thoroughfare.
- Minutes from the entrance to the largest Marine Corps base in the world.
- Easy access for shipping and receiving from both Adobe Road and the alley.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,876
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,520
$537.5K
Cap Rate 7%
$383,943
$383.9K
Cap Rate 9%
$298,622
$298.6K
Market Conditions
NOI Build-Up for 1,875 SF
Gross rent
$40.5K $21.60/SF
− Vacancy
−$2.1K −$1.12/SF
EGI
$38.4K $20.48/SF
− OpEx
−$11.5K −$6.14/SF
NOI
$26.9K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,520
Cap Rate 7%
$383,943
Cap Rate 9%
$298,622
Alternative Uses
Best Use
Retail
$383.9K
$336.0K – $447.9K
NOI $26,876 @ 7.0% cap · market cap 6.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$395.5K
$346.1K – $461.4K
NOI $27,685 @ 7.0% cap · market cap 6.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Shopping center in a revitalizing community near Marine Corps base.
Where is this shopping center located?
The property is located at 5653 Plaza Rd Twentynine Palms, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: High‑traffic location on Adobe Road, a major thoroughfare.; Minutes from the entrance to the largest Marine Corps base in the world.; Easy access for shipping and receiving from both Adobe Road and the alley.
