Remodeled Retail Building in Yucca
For Sale
$595,000
56334 Twentynine Palms Hwy, Yucca Valley, CA 92284
2,300 SF retail building with two store areas and patio.
Property Size2,300 SF
Price / SF$258.70
Days on Market132
Property Features for 56334 Twentynine Palms Hwy
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Commercial
Building Details
Building Size
2,300 SF
Year Built
1961
Units
2
Listing Agency:
Cherie Miller & Associates
Listed By:
Lynee LaVoie · License #02021036
(760) 369-1800
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Sep 1 at 8:42PM
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 Cherie Miller & Associates
Investment Insights
Based on property information with market context.
This commercial building in Yucca Valley, California, offers 2,300 square feet of retail space. The property features two store areas, two bathrooms, and a back patio. Currently occupied by Yuccasa, the building benefits from its location off the highway, providing optimal exposure. The building has been remodeled with new plumbing, back doors, windows, acrylic stucco, and a foam-painted beige roof. Stone travertine floors add a touch of sophistication. Dual mini-split AC/heat pumps, each with 30,000 BTU, ensure a comfortable environment in each store. The exterior includes a patio area with new walls and doors. There are 10 parking spots, including a designated handicap space. An alarm system and cameras in the back enhance security. The location has a bike score of 32, indicating it is somewhat bikeable, and a walk score of 26, suggesting car dependence.
Key Highlights
- Prime location directly off the highway ensures optimal exposure and customer traffic.
- Completely remodeled building with new plumbing, windows, stucco, roof, and travertine stone floors.
- Two spacious store areas (2,300 sq ft total) suitable for various retail business models.
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
$32,968
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
5.54%
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%
$659,360
$659.4K
Cap Rate 7%
$470,971
$471.0K
Cap Rate 9%
$366,311
$366.3K
Market Conditions
NOI Build-Up for 2,300 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
$49.7K $21.60/SF
− Vacancy
−$2.6K −$1.12/SF
EGI
$47.1K $20.48/SF
− OpEx
−$14.1K −$6.14/SF
NOI
$33.0K $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 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%
$659,360
Cap Rate 7%
$470,971
Cap Rate 9%
$366,311
Alternative Uses
Best Use
Retail
$471.0K
$412.1K – $549.5K
NOI $32,968 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$485.2K
$424.5K – $566.0K
NOI $33,961 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
599
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92284, CA
25,931
Population
12,255
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
127.5 sq mi
ZIP Area
203
Density / Sq Mi
$52,886
Median Household Income
$36,817
Median Earnings
$1,346
Median Rent
$314,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - 2,300 SF retail building with two store areas and patio.
Where is this storefront property located?
The property is located at 56334 Twentynine Palms Hwy Yucca Valley, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Prime location directly off the highway ensures optimal exposure and customer traffic.; Completely remodeled building with new plumbing, windows, stucco, roof, and travertine stone floors.; Two spacious store areas (2,300 sq ft total) suitable for various retail business models.
