Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1234 Ocotillo Avenue Twentynine Palms, CA 92277

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $49,900

    Corner lot near Joshua Tree National Park entrance.

    Type:Lot/Land
    Added:
    Feb 14, 2025
    Days on Market:
    428
    Last Refresh:
    Mar 13 at 1:19 pm

    Property Features for 1234 Ocotillo Avenue

    General Information

    Standard status
    Active
    Property subtype
    Lot/Land

    We can help!

    Listing Contact
    Linda Griego
    Linda Griego

    Listing agent Linda Griego License #01229732

    Listing office Coldwell Banker Roadrunner Realty

    Listing date Feb 14, 2025

    Source Compass

    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 Coldwell Banker Roadrunner Realty

    Overview

    Corner Lot Near Joshua Tree

    This corner lot is located minutes from downtown and a short drive from the entrance to Joshua Tree National Park. The location offers access to desert living and opportunities for outdoor activities. Palm Springs, with its dining and nightlife, is within driving distance, as is Big Bear, offering skiing in the winter and views in the summer.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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
    -116.05295
    Latitude
    34.148741

    Nearby Similar for Sale

    • $450,000
      2,000 SF

      Prime Commercial Building Near Joshua Tree

      Commercial building with highway visibility, fully rented, near Joshua Tree.
      73911 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details
    • $20,000

      Corner Lot in Chocolate Drop

      Prime corner lot in 29 Palms, ready for building.
      5950 LUPINE Ave, TWENTY-NINE PALMS, CA 92277
      View Details
    • $14,999

      Residential Lot in Twentynine Palms

      Residential lot ready for dream home in Twentynine Palms.
      Bullion Ave, Twentynine Palms, CA 92277
      View Details
    • $399,000

      Expansive Land in Twentynine Palms

      Two contiguous vacant lots totaling approximately 47.5 acres.
      Gorgonio Dr, Twentynine Palms, CA 92277
      View Details
    • $49,000

      Downtown 29 Palms Commercial Acreage

      1.14 acres in the heart of Downtown 29 Palms.
      73485 Old Dale Rd, Twentynine Palms, CA 92277
      View Details
    • $12,000
      8,007 SF

      Downtown 29 Palms Land Parcel

      0.18-acre lot in downtown 29 Palms with utilities.
      6549 Bullion Drive, Twentynine Palms, CA 92277
      View Details
    • $20,000

      Residential Lot in Twentynine Palms

      Residential lot ready for a dream home in Twentynine Palms.
      0 Baseline Avenue, Twentynine Palms, CA 92277
      View Details
    • $20,000

      Twentynine Palms Land For Sale

      1.03 acre residential land parcel in Twentynine Palms, CA.
      Baseline Rd, Twentynine Palms, CA 92277
      View Details
    • $867,692
      2,784 SF

      Retail Property on Highway 62

      Retail property with absolute NNN lease and highway frontage.
      72526 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details
    • $6,500

      Residential Lot in Twentynine Palms

      Residential lot available for building a dream home.
      Stardune Avenue, Twentynine Palms, CA 92277
      View Details
    • $15,000

      5 Acres in Twentynine Palms

      Residential land for sale in Twentynine Palms, California.
      Blower Road, Twentynine Palms, CA 92277
      View Details
    • $8,000

      Wonder Valley Flat Land Parcel

      2.5 acres near Joshua Tree National Park.
      0 29 Palms Highway, Twentynine Palms, CA 92277
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot near Joshua Tree National Park entrance.
    Where is this commercial land located?
    The property is located at 1234 Ocotillo Avenue Twentynine Palms, CA.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Amazing corner lot; Minutes from downtown; Short drive to Joshua Tree National Park entrance
    (760) 365-8880
    We can help!
    Listing Contact
    Linda Griego
    Linda Griego
    Real Estate License ID: 01229732
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!