Remodeled Retail Space with Back
For Sale
$595,000
56334 Twentynine Palms Highway, Yucca Valley, CA 92284
SINGLE_FAMILY - Yucca Valley, CA
Property Size2,300 SF
Price / SF$258.70
Days on Market200
Property Features for 56334 Twentynine Palms Highway
General Information
Property type
Residential
Property subtype
Retail
Directions
Hwy 62 east, left on Cholla Ave, right onto Antelope Trail, right onto Palm Ave, right onto CA-62 W, property will be on your right.
Subdivision
DC542 - Downtown North
Standard status
Active
APN
0595021210000
Utilities
Cooling system
Window Unit(s), Wall/Window Unit(s)
Amenities
back patio
alarm system
cameras
dual mini-splits AC/heat pumps
Building Details
Year built
1961
Listing Agency:
Cherie Miller & Associates
(760) 369-1800
Listed By:
Madelaine LaVoie · License #01005011
(760) 401-3374
Added: Feb 4
Changed: Aug 3
Last Checked: Aug 23 at 9:06AM
MLS# JT26026297
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.
Remodeled retail space at 56334 Twentynine Palms Highway in Yucca Valley, CA, offering 2,300 square feet with two spacious store areas and two bathrooms. The property also includes a back patio enclosed by new walls and doors.
Renovations include new plumbing, back doors, windows, acrylic stucco, and a foam-painted beige roof. Interior finishes include stone floors described as travertine. Comfort is provided by dual mini-splits AC/heat pumps rated at 30,000 BTU each, supporting customer and staff comfort in each store area.
Parking is supported by fixed pavement with 10 parking spots, including a designated handicap space. Security features include an alarm system and cameras in the back. The building is currently occupied by Yuccasa.
Renovations include new plumbing, back doors, windows, acrylic stucco, and a foam-painted beige roof. Interior finishes include stone floors described as travertine. Comfort is provided by dual mini-splits AC/heat pumps rated at 30,000 BTU each, supporting customer and staff comfort in each store area.
Parking is supported by fixed pavement with 10 parking spots, including a designated handicap space. Security features include an alarm system and cameras in the back. The building is currently occupied by Yuccasa.
Key Highlights
- 2,300 square feet retail space with two store areas and two bathrooms
- Remodel included new plumbing, back doors, windows, acrylic stucco, and a foam‑painted beige roof
- Back patio with new walls and doors
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
$32,968
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
5.54%
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%
$659,360
$659.4K
Cap Rate 7%
$470,971
$471.0K
Cap Rate 9%
$366,311
$366.3K
Market Conditions
NOI Build-Up for 2,300 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
$49.7K $21.60/SF
− Vacancy
−$2.6K −$1.12/SF
EGI
$47.1K $20.48/SF
− OpEx
−$14.1K −$6.14/SF
NOI
$33.0K $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%
$659,360
Cap Rate 7%
$470,971
Cap Rate 9%
$366,311
Alternative Uses
Best Use
Retail
$471.0K
$412.1K – $549.5K
NOI $32,968 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$485.2K
$424.5K – $566.0K
NOI $33,961 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
599
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Remodeled retail building with two store areas, two bathrooms, and a back patio, plus 10 parking spaces including a handicap spot.
Where is this retail space located?
The property is located at 56334 Twentynine Palms Highway Yucca Valley, CA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,300 square feet retail space with two store areas and two bathrooms; Remodel included new plumbing, back doors, windows, acrylic stucco, and a foam‑painted beige roof; Back patio with new walls and doors
