Yucca Valley Retail
For Sale
$1,100,000
55875 29 Palms Hwy, Yucca Valley, CA 92284
Retail space with parking lot near Joshua Tree National Park.
Property Size2,468 SF
Lot Size0.39 Acres
Price / SF$445.71
Days on Market197
Property Features for 55875 29 Palms Hwy
General Information
Standard status
Active
Size
2,468 SF
Lot size
0.39 Acres
Property subtype
Retail
Listing Agency:
CBRE - Ontario
Listed By:
Marco Rossetti · License #1805951
(760) 946-2300
Source:
Cbre
Added: Mar 25
Changed: Oct 1
Last Checked: Oct 7 at 9:15AM
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 CBRE - Ontario
Investment Insights
Based on property information with market context.
This property features a 2,468 square foot building and a 16,814 square foot parking lot. The property is zoned OTMU-Old Town Mixed Use, with entitlements granted until March 17th, 2024. The parking lot is zoned Old Town Commercial/Residential. The property is located 8 miles from Joshua Tree National Park, 4 miles from Pioneertown and Pappy and Harriets, and 32 miles from Palm Springs. The total square footage of the property is 6,608 square feet.
Key Highlights
- Large 16,814 SF Parking Lot Included
- 2,468 SF Building with OTMU Zoning
- Entitlements Granted Until March 17th, 2024
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,376
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$707,520
$707.5K
Cap Rate 7%
$505,371
$505.4K
Cap Rate 9%
$393,067
$393.1K
Market Conditions
NOI Build-Up for 2,468 SF
Gross rent
$53.3K $21.60/SF
− Vacancy
−$2.8K −$1.12/SF
EGI
$50.5K $20.48/SF
− OpEx
−$15.2K −$6.14/SF
NOI
$35.4K $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 Rate 5%
$707,520
Cap Rate 7%
$505,371
Cap Rate 9%
$393,067
Alternative Uses
Best Use
Retail
$505.4K
$442.2K – $589.6K
NOI $35,376 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$520.6K
$455.5K – $607.4K
NOI $36,441 @ 7.0% cap · market cap 3.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
631
Businesses Nearby
Explore this area
Business Placement
Demographics for 92284, CA
25,931
Population
12,255
Households
2.1
Avg Household Size
44
Median Age
21%
College-Educated
89%
High-School Grad
127.5 sq mi
ZIP Area
203
Density / Sq Mi
$52,886
Median Household Income
$36,817
Median Earnings
$1,346
Median Rent
$314,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space with parking lot near Joshua Tree National Park.
Where is this retail space located?
The property is located at 55875 29 Palms Hwy Yucca Valley, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Large 16,814 SF Parking Lot Included; 2,468 SF Building with OTMU Zoning; Entitlements Granted Until March 17th, 2024
