Add Listing
    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

    138 Amboy Rd 29 Palms, CA 92277

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2.5 acres with panoramic desert views in Wonder Valley.

    Type:Land
    Lot size:
    2.50 Acres
    Added:
    Apr 3, 2026
    Days on Market:
    19
    Last Refresh:
    Apr 3 at 5:08 pm

    Property Features for 138 Amboy Rd

    General Information

    Standard status
    Active
    Lot size
    2.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Faisal Alserri
    Faisal Alserri

    Listing agent Faisal Alserri License #02053133

    Listing office Sharon Rose Realty, Inc.

    Listing date Apr 3, 2026

    Source Elliman

    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 Sharon Rose Realty, Inc.

    Overview

    Wonder Valley Land with Views

    This 2.5-acre property is located in Wonder Valley, offering panoramic desert views. The land is situated in the center north area, known for its scenery and convenience. Views include the Pinto Mountains, Bullion Mountains, Sheephole Mountains, and Cleghorn Wilderness, as well as snowcapped peaks on Mount San Gorgonio. The area is known for attracting artists, musicians, and celebrities. The property is located approximately 330 feet off Marks Road. Electricity is present in the vicinity. Water can be obtained by drilling a well. It is located 16 miles from Joshua Tree National Monument. The Palms restaurant and bar with live music is a short trip away, and 29 Palms is nearby for amenities. The property is ideal for a desert compound and is suitable for horses.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    29 Palms
    County
    State
    California
    Longitude
    -115.7217984
    Latitude
    34.2084402

    Nearby Similar for Sale

    • $395,000
      3,200 SF

      Prime Commercial Property in 29 Palms

      Versatile commercial building in high-traffic area near major attractions.
      6767 Adobe, 29 Palms, CA 92277
      View Details
    • $348,888
      1,520 SF

      Restaurant Building on Highway Frontage

      Stand-alone restaurant building with high-visibility frontage in 29 Palms, CA.
      72115 29 Palms, 29 Palms, CA 92277
      View Details
    • $450,000

      Versatile Land Parcel in 29 Palms

      4.45-acre parcel with Industrial, Commercial, and Residential zoning.
      4973 Adobe Road, 29 Palms, CA 92277
      View Details
    • $450,000

      Versatile Land Parcel in 29 Palms

      4.45-acre parcel with Industrial, Commercial, and Residential zoning.
      4973 Adobe Road, 29 Palms, CA 92277
      View Details
    • $49,000

      Commercial Acreage in Downtown

      Commercial land in revitalizing downtown area, near upcoming Phoenix Project.
      73485 Old Dale Road, 29 Palms, CA 92277
      View Details
    • $325,000
      2,125 SF

      Two-Unit Commercial Building in 29

      Two-unit commercial building suitable for owner-users or investors.
      5758 Adobe, 29 Palms, CA 92277
      View Details
    • $29,900

      Vacant Land in Downtown 29 Palms

      Vacant land near shopping, dining, and Joshua Tree National Park.
      777 Hillside Avenue, 29 Palms, CA 92277
      View Details
    • $17,500

      Large Parcel Near Downtown

      Over one acre lot near Joshua Tree National Park.
      1 Morongo Road, 29 Palms, CA 92277
      View Details
    • $2,000,000
      600 SF

      Versatile Land in 29 Palms

      Expansive 18.6-acre property near Joshua Tree National Park.
      75851 Baseline Road, 29 Palms, CA 92277
      View Details
    • $297,500
      1,122 SF

      29 Palms Commercial Opportunity

      Commercial property near the base, zoned for office or retail.
      4488 Adobe, 29 Palms, CA 92277
      View Details
    • $225,000
      968 SF

      Income-Producing Duplex in 29 Palms

      Duplex in growing 29 Palms, close to amenities.
      6450 Athol, 29 Palms, CA 92277
      View Details
    • $49,000

      Commercial Lots in 29 Palms

      Two contiguous commercial lots available for service commercial venture.
      0 Old Dale Road, 29 Palms, CA 92277
      View Details

    FAQs

    What type of property is this?
    Land - 2.5 acres with panoramic desert views in Wonder Valley.
    Where is this land located?
    The property is located at 138 Amboy Rd 29 Palms, CA.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 2. 5 acre horse property with **panoramic desert views**.; Located near Joshua Tree National Park (16 miles).; Close proximity to Palms restaurant and bar (4 minutes).
    (310) 717-5047
    We can help!
    Listing Contact
    Faisal Alserri
    Faisal Alserri
    Real Estate License ID: 02053133
    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!