Storefront Property with
For Sale
$287,500
4488 Adobe, 29 Palms, CA 92277
29 Palms, CA
Property Size1,122 SF
Lot Size1.78 Acres
Price / SF$248.92
Days on Market245
Property Features for 4488 Adobe
General Information
Property type
Commercial Sale
Property subtype
Single Family Residence
Bathrooms
1
Full bathrooms
1
Rooms
Laundry Room, Office, Bathroom 1
Parking
1
Parking features
Garage
Patio and Porch features
Deck
Fencing
Chain Link
Fireplace
1
Lot features
Desert Back, Desert Front
View
Desert
Elementary school district
Morongo Unified
Middle school district
Morongo Unified
High school district
Morongo Unified
Directions
From 29 Palms Hwy, go North on Adobe Rd. Property is on the corner of Adobe and Raymond de.
Subdivision
DC727 - Adobe
Standard status
Active
APN
0620091040000
Size
1,155 SF
Lot size
1.78 Acres
Utilities
Utilities
Electricity Available
Heating system
Electric (Heating)
Cooling system
Wall/Window Unit(s), Window Unit(s), Evaporative Cooling
Water source
Public
Amenities
tennis court
Building Details
Year built
1952
Floors in Building
1
Number of units
1
Flooring type
Carpet, Wood
Building materials
Frame, Stucco
Roof type
Shingle
Architectural style
Ranch
Listing Agency:
Libby's Realty
(760) 367-9521
Listed By:
Heidi Marshall · License #01204872
(760) 217-7264
Added: Dec 22, 2025
Changed: Aug 24
Last Checked: Aug 24 at 8:06PM
MLS# JT25279254
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.
This storefront property includes a building with a kitchen, full bathroom, three private rooms, laundry area, office space, and wood and carpet flooring. The site also features a two-car garage, a detached garage, a tennis court, chain-link fencing, and a deck. Construction includes frame and stucco elements, with a shingle roof, electric heating, and wall or window cooling systems.
Located at 4488 Adobe in 29 Palms, California, the property is zoned for office and retail use. Public water and electricity availability serve the site. Built in 1952, the ranch-style property offers a combination of commercial interior space and additional outdoor improvements.
Located at 4488 Adobe in 29 Palms, California, the property is zoned for office and retail use. Public water and electricity availability serve the site. Built in 1952, the ranch-style property offers a combination of commercial interior space and additional outdoor improvements.
Key Highlights
- Zoned for office and retail use
- Two‑car garage plus an additional detached garage
- Tennis court, deck, and chain‑link fencing
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
$16,555
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
5.76%
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%
$331,100
$331.1K
Cap Rate 7%
$236,500
$236.5K
Cap Rate 9%
$183,944
$183.9K
Market Conditions
NOI Build-Up for 1,155 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
$24.9K $21.60/SF
− Vacancy
−$1.3K −$1.12/SF
EGI
$23.7K $20.48/SF
− OpEx
−$7.1K −$6.14/SF
NOI
$16.6K $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%
$331,100
Cap Rate 7%
$236,500
Cap Rate 9%
$183,944
Alternative Uses
Best Use
Retail
$236.5K
$206.9K – $275.9K
NOI $16,555 @ 7.0% cap · market cap 5.76%
Second Best
Office B
$194.2K
$169.9K – $226.6K
NOI $13,595 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$243.6K
$213.2K – $284.2K
NOI $17,054 @ 7.0% cap · market cap 5.93%
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
Well-served
Demand for This Use
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?
Storefront property - Office/retail zoning, private rooms, and multiple accessory improvements support flexible commercial use.
Where is this storefront property 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: Zoned for office and retail use; Two‑car garage plus an additional detached garage; Tennis court, deck, and chain‑link fencing
