Office Building with Fenced
For Sale
$287,500
4488 Adobe, 29 Palms, CA 92277
Office-oriented property with private rooms, kitchen, full bathroom, detached storage, and office/retail zoning.
Property Size1,122 SF
Lot Size1.25 Acres
Price / SF$256.24
Days on Market30
Property Features for 4488 Adobe
General Information
Standard status
Active
Size
1,122 SF
Lot size
1.25 Acres
Zoning
office/retail
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
Source:
Myfabuloushome
Added: Aug 2
Changed: Aug 30
Last Checked: Aug 30 at 2:49PM
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 Libby's Realty
Investment Insights
Based on property information with market context.
This office property includes a 1,122-square-foot building arranged with three private rooms, a kitchen, and a full bathroom. The site also includes a detached garage or storage structure, a fenced yard, and a tennis court. Built in 1952, the property offers a defined layout for office or retail use.
The 1.25-acre parcel is located at 4488 Adobe in 29 Palms, California, within minutes of the base. Office/retail zoning supports the stated commercial use profile, while the enclosed grounds and separate storage improvement add functional site features.
The 1.25-acre parcel is located at 4488 Adobe in 29 Palms, California, within minutes of the base. Office/retail zoning supports the stated commercial use profile, while the enclosed grounds and separate storage improvement add functional site features.
Key Highlights
- 1.25‑acre fenced parcel in 29 Palms, CA
- 1,122‑square‑foot building with three private rooms
- Kitchen and full bathroom included
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
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
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Frequently Asked Questions
What type of property is this?
Office units - Office-oriented property with private rooms, kitchen, full bathroom, detached storage, and office/retail zoning.
Where is this office units 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‑acre fenced parcel in 29 Palms, CA; 1,122‑square‑foot building with three private rooms; Kitchen and full bathroom included
