Updated Medical Office
New
For Sale
$599,900
57340 29 Palms, Yucca Valley, CA 92284
Recently updated office with private treatment rooms, reception, bathrooms, and on-site parking.
Property Size1,620 SF
Days on Market2
Property Features for 57340 29 Palms
General Information
Standard status
Active
Size
1,620 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,620 SF
Year Built
1963
Listing Agency:
Coldwell Banker Roadrunner Realty
(760) 365-8880
Listed By:
Jeffrey Poland · License #01363904
(760) 365-8880
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 6:05AM
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
Investment Insights
Based on property information with market context.
This medical office property is configured for dental operations, with multiple private treatment and examination rooms, a reception area, and office bathrooms. The building has been recently updated and is maintained in move-in-ready condition. Its layout is also identified as suitable for professional, medical, or retail uses.
The property is located at 57340 29 Palms in Yucca Valley, near the intersection of Highway 62 and Highway 247. The site provides highway frontage, a central Yucca Valley setting, and on-site parking. Constructed in 1963, the building combines an established commercial structure with updated interior functionality.
The property is located at 57340 29 Palms in Yucca Valley, near the intersection of Highway 62 and Highway 247. The site provides highway frontage, a central Yucca Valley setting, and on-site parking. Constructed in 1963, the building combines an established commercial structure with updated interior functionality.
Key Highlights
- Medical office configured as a dental practice
- Multiple private treatment and examination rooms
- Reception area and office bathrooms
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
$19,068
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
3.18%
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%
$381,360
$381.4K
Cap Rate 7%
$272,400
$272.4K
Cap Rate 9%
$211,867
$211.9K
Market Conditions
NOI Build-Up for 1,620 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
$27.6K $17.04/SF
− Vacancy
−$2.2K −$1.35/SF
EGI
$25.4K $15.69/SF
− OpEx
−$6.4K −$3.92/SF
NOI
$19.1K $11.77/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
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%
$381,360
Cap Rate 7%
$272,400
Cap Rate 9%
$211,867
Alternative Uses
Best Use
Office B
$272.4K
$238.4K – $317.8K
NOI $19,068 @ 7.0% cap · market cap 3.18%
Second Best
Healthcare Medical
$191.8K
$167.9K – $223.8K
NOI $13,428 @ 7.0% cap · market cap 2.24%
Theoretical Best
Office A
$341.7K
$299.0K – $398.7K
NOI $23,920 @ 7.0% cap · market cap 3.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Balanced
Demand for This Use
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 Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- VCA Yucca Valley Animal Hospital — 57185 29 Palms Hwy, Yucca Valley, CA 92284
- Miller Lisa DVM — 57185 29 Palms Hwy, Yucca Valley, CA 92284
Frequently Asked Questions
What type of property is this?
Medical Office Space - Recently updated office with private treatment rooms, reception, bathrooms, and on-site parking.
Where is this medical office space located?
The property is located at 57340 29 Palms Yucca Valley, CA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Medical office configured as a dental practice; Multiple private treatment and examination rooms; Reception area and office bathrooms
