Four-Unit Duplex
For Sale
$550,000
29159 US Highway 58, Barstow, CA 92311
Two duplex buildings offer private fenced yards and laundry within each residence.
Property Size3,000 SF
Days on Market48
Property Features for 29159 US Highway 58
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Investment
Units
Unit Mix
4 x 2BR/1BA
Multifamily Units
4
Amenities
in unit laundry
private chain link fenced yard
Building Details
Building Size
3,000 SF
Year Built
1978
Buildings
2
Stories
1
Units
4
Listed By:
Barbara Cornett
Source:
Elliman
Added: Aug 1
Changed: Sep 13
Last Checked: Sep 16 at 5:44PM
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 Barbara Cornett
Investment Insights
Based on property information with market context.
Built in 1978, this residential income property comprises two duplex buildings with four total units. Each residence measures approximately 750 to 800 square feet and includes two bedrooms, one bathroom, in-unit laundry, and a private chain-link fenced yard. The property sits on a spacious lot with room identified for three additional similar duplexes or a possible lot split. One building received a new roof within the past year.
Located at 29159 US Highway 58 in Barstow, the property provides access to Fort Irwin, the Barstow rail yard, nearby gas stations, and the town center. It is also near the proposed BNSF Barstow International Gateway site. The listing notes that photographs depict only one unit, and finishes or appliances may vary among the residences.
Located at 29159 US Highway 58 in Barstow, the property provides access to Fort Irwin, the Barstow rail yard, nearby gas stations, and the town center. It is also near the proposed BNSF Barstow International Gateway site. The listing notes that photographs depict only one unit, and finishes or appliances may vary among the residences.
Key Highlights
- Four total units across two duplex buildings
- Approximately 750 to 800 SF per unit, with two bedrooms and one bathroom
- Private chain‑link fenced yard and in‑unit laundry for each residence
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
$30,593
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
5.56%
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%
$611,860
$611.9K
Cap Rate 7%
$437,043
$437.0K
Cap Rate 9%
$339,922
$339.9K
Market Conditions
NOI Build-Up for 3,000 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
$46.4K $15.48/SF
− Vacancy
−$2.7K −$0.91/SF
EGI
$43.7K $14.57/SF
− OpEx
−$13.1K −$4.37/SF
NOI
$30.6K $10.20/SF
Area
San Bernardino County, CA
Vacancy
5.89%
Lease Rate
$15.48 /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%
$611,860
Cap Rate 7%
$437,043
Cap Rate 9%
$339,922
Alternative Uses
Best Use
Multifamily LT 5
$437.0K
$382.4K – $509.9K
NOI $30,593 @ 7.0% cap · market cap 5.56%
Second Best
Apartment 5plus
$379.4K
$332.0K – $442.7K
NOI $26,559 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$632.8K
$553.7K – $738.3K
NOI $44,296 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 92311, CA
34,524
Population
13,707
Households
2.5
Avg Household Size
33
Median Age
11%
College-Educated
84%
High-School Grad
424.4 sq mi
ZIP Area
81
Density / Sq Mi
$59,338
Median Household Income
$38,871
Median Earnings
$1,081
Median Rent
$217,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Duplex - Two duplex buildings offer private fenced yards and laundry within each residence.
Where is this duplex located?
The property is located at 29159 US Highway 58 Barstow, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Four total units across two duplex buildings; Approximately 750 to 800 SF per unit, with two bedrooms and one bathroom; Private chain‑link fenced yard and in‑unit laundry for each residence
