Office Building with Fenced
For Sale
$287,500
4488 Adobe, 29 Palms, CA 92277
Commercial Sale, 29 Palms, CA
Property Size1,122 SF
Lot Size1.25 Acres
Price / SF$256.24
Days on Market99
Property Features for 4488 Adobe
General Information
Property type
Residential
Property subtype
Office
Fencing
Chain Link
Directions
From 29 Palms Hwy , go North on Adobe Rd, house is on the corner of Adobe Rd and Raymond Dr
Subdivision
DC727 - Adobe
Standard status
Active
APN
0620091040000
Lot size
1.25 Acres
Utilities
Cooling system
Wall/Window Unit(s), Evaporative Cooling, Window Unit(s), Electric
Amenities
detached garage/storage
fully fenced yard
tennis court
Building Details
Year built
1952
Listing Agency:
Libby's Realty
(760) 367-9521
Listed By:
Heidi Marshall · License #01204872
(760) 217-7264
Added: May 24
Changed: Aug 24
Last Checked: Aug 30 at 4:06PM
MLS# JT26112960
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1952, this 1,122-square-foot office property occupies 1.25 fenced acres and offers a flexible arrangement for office or retail use. The building contains three private rooms, a kitchen, and a full bathroom. A detached garage provides additional storage, while the outdoor area includes a tennis court and chain-link fencing.
The property is located at 4488 Adobe in 29 Palms, California, near the base. Zoning supports office and retail uses. Cooling is provided through wall/window units, evaporative cooling, window units, and electric systems.
The property is located at 4488 Adobe in 29 Palms, California, near the base. Zoning supports office and retail uses. Cooling is provided through wall/window units, evaporative cooling, window units, and electric systems.
Key Highlights
- 1.25 fenced acres in 29 Palms, CA
- 1,122‑square‑foot building with three private rooms
- Office/retail zoning
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
$16,082
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
5.59%
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%
$321,640
$321.6K
Cap Rate 7%
$229,743
$229.7K
Cap Rate 9%
$178,689
$178.7K
Market Conditions
NOI Build-Up for 1,122 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
$24.2K $21.60/SF
− Vacancy
−$1.3K −$1.12/SF
EGI
$23.0K $20.48/SF
− OpEx
−$6.9K −$6.14/SF
NOI
$16.1K $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%
$321,640
Cap Rate 7%
$229,743
Cap Rate 9%
$178,689
Alternative Uses
Best Use
Retail
$229.7K
$201.0K – $268.0K
NOI $16,082 @ 7.0% cap · market cap 5.59%
Second Best
Office B
$188.7K
$165.1K – $220.1K
NOI $13,206 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$236.7K
$207.1K – $276.1K
NOI $16,567 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office/retail-zoned property with three private rooms, a kitchen, full bathroom, and a fully enclosed outdoor area.
Where is this office building located?
The property is located at 4488 Adobe 29 Palms, CA.
What is the asking price?
The asking price for this property is $287,500.
What are key features of this property?
This property features: 1.25 fenced acres in 29 Palms, CA; 1,122‑square‑foot building with three private rooms; Office/retail zoning
