Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Morongo Valley Commercial Land Opportunity Title is generated by Realmo AI

    50024 29 Palms Highway, Morongo Valley, CA 92256

    View on Map
    Claim this Listing
    For Sale
    $99,900

    1.28 acres of commercial land on high-traffic Highway 62.

    Type:Lot/Land
    Lot size:
    1.28 Acres
    Added:
    Feb 16, 2026
    Days on Market:
    104
    Last Refresh:
    Mar 13 at 9:42 am

    Property Features for 50024 29 Palms Highway

    General Information

    Standard status
    Active
    Lot size
    1.28 Acres
    Property subtype
    Lot/Land

    We can help!

    Listing Contact
    Jeffrey Poland

    Listing agent Jeffrey Poland License #01363904

    Listing office Coldwell Banker Roadrunner Realty

    Listing date Feb 16, 2026

    Source Compass

    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 Coldwell Banker Roadrunner Realty

    HighLights

    • 1.28 acres of commercial zoned land
    • Located on high traffic Highway 62 (Twentynine Palms Hwy)
    • Prime visibility and exposure
    • Located in an established commercial corridor
    • Excellent investment or development potential
    • Rare highway frontage opportunity in Morongo Valley

    Overview

    This property features 1.28 acres of commercial-zoned land situated in Morongo Valley along the high-traffic Highway 62, also known as Twentynine Palms Highway. The location offers prime visibility and exposure within an established commercial corridor, positioned between Dollar General and Spaghetti Western restaurant. This site presents an excellent investment or development opportunity. The property has rare highway frontage in Morongo Valley. Intended use is commercial. Potential business uses for the property include retail, restaurant, or other commercial development.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morongo Valley
    County
    San Bernardino
    State
    California
    Longitude
    -116.5740703
    Latitude
    34.0536831

    Nearby Similar for Sale

    • $99,900
      55,960 SF

      Morongo Valley Commercial Land

      1.28 acres of commercial land on high-traffic Highway 62.
      50024 Twentynine Palms Highway, Morongo Valley, CA 92256
      View Details
    • $975,000

      Morongo Valley Land with Views

      5-acre parcel with utilities, privacy, and expansive views.
      48980 Big Morongo Canyon Road, Morongo Valley, CA 92256
      View Details
    • $45,000

      Triangular Land Parcel in Morongo

      Triangular shaped land in front of 29 Palms Highway.
      9825 Fobes Road, Morongo Valley, CA 92256
      View Details
    • $30,000

      Morongo Valley Land with Panoramic Views

      1.25-acre parcel with panoramic views near Yucca Valley.
      0 Palo Verde, Morongo Valley, CA 92256
      View Details
    • $100,000

      Morongo Valley Land with Views

      5 acre lot with mountain views near Joshua Tree.
      0 Magnolia Drive, Morongo Valley, CA 92256
      View Details
    • $44,900

      Morongo Valley Land Opportunity

      Two parcels totaling just under three quarters of an acre.
      4321 Hess Boulevard, Morongo Valley, CA 92256
      View Details
    • $389,900

      80 Acres in Morongo Valley

      80 acres of land with highway frontage in Morongo Valley.
      4321 Twentynine Palms Hwy., Morongo Valley, CA 92256
      View Details
    • $150,000

      Morongo Valley 17-Acre Parcel

      17-acre parcel in Morongo Valley ready for your dream oasis.
      0 Palo Verde Road, Morongo Valley, CA 92256
      View Details
    • $165,000

      Morongo Valley Land For Sale

      3.19 acres zoned for multi-residential use in Morongo Valley.
      Pioneer Rd, Morongo Valley, CA 92256
      View Details
    • $150,000

      8-Acre Land with Mountain Views

      8-acre property near Joshua Tree and Palm Springs with well.
      52073 Canyon Rd, Morongo Valley, CA 92256
      View Details
    • Contact for pricing

      Highway Frontage Land For Sale

      9.73 acres with highway frontage and mixed-use zoning.
      49577 29 Palms Highway, Morongo Valley, CA 92256
      View Details
    • $99,900

      Commercial Land on Highway 62

      1.28 acres of commercial land with highway frontage.
      50024 Twentynine Palms Highway, Morongo Valley, CA 92256
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.28 acres of commercial land on high-traffic Highway 62.
    Where is this commercial land located?
    The property is located at 50024 29 Palms Highway Morongo Valley, CA.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: 1.28 acres of commercial zoned land; Located on high traffic Highway 62 (Twentynine Palms Hwy); Prime visibility and exposure
    (760) 365-8880
    We can help!
    Listing Contact
    Jeffrey Poland
    Real Estate License ID: 01363904
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    50024 29 Palms Highway, Morongo Valley, CA 92256
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!