Medical Building Near Hi-Desert
For Sale
Contact for pricing
63532 29 Palms Hwy, Joshua Tree, CA
Five-unit medical building near Hi-Desert Medical Center in Joshua Tree.
Property Size7,000 SF
Lot Size1.11 Acres
Price / SF$125
Days on Market453
Property Features for 63532 29 Palms Hwy
General Information
Standard status
Active
Size
7,000 SF
Lot size
1.11 Acres
Property subtype
OFFICE
Lease Type
Modified Gross
Properties For Sale
at 63532 29 Palms Hwy Contact us- Size
- 1,250 SF
- Type
- OFFICE
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
1,250 SF Office/Medical For Lease
Office space available. reception, exam rooms, restrooms, and offices. Call our office...
show more
Contact us
- Size
- 1,250 SF
- Type
- OFFICE
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
1,250 SF Office/Medical Space For Lease
Office space available. reception, exam rooms, restrooms, and offices. Call our office...
show more
Contact us
- Size
- 2,000 SF
- Type
- OFFICE
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
- Sublease
- No
2,000 SF Office/Medical Space For Lease
Office space available. reception, exam rooms, restrooms, and offices. Call our office...
show more
Contact us
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Susan Harvey · License #00957590
(760) 250-8992
Source:
Moodyscre
Added: Jul 2, 2025
Changed: Sep 12
Last Checked: Sep 26 at 1:30PM
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 Desert Pacific Properties
Investment Insights
Based on property information with market context.
This five-unit medical building is located on Twentynine Palms Highway in Joshua Tree, California. Each unit features a reception area, exam rooms, restrooms, and offices. The property is situated across the street from Hi-Desert Medical Center and the Joshua Tree Courthouse. It is positioned at a signalized intersection on a main roadway, which experiences an average daily traffic volume of 16,684 cars. The building is located on a 1.11-acre parcel that offers room for expansion. It is suitable for an owner-user.
Key Highlights
- Located across the street from Hi‑Desert Medical Center and Joshua Tree Courthouse.
- Five‑unit medical building, each featuring a reception area, exam rooms, restrooms, and offices.
- Situated on a 1.11 acre parcel with room for expansion.
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
$58,023
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
6.63%
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%
$1,160,460
$1.2M
Cap Rate 7%
$828,900
$828.9K
Cap Rate 9%
$644,700
$644.7K
Market Conditions
NOI Build-Up for 7,000 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
$105.0K $15.00/SF
− Vacancy
−$8.3K −$1.19/SF
EGI
$96.7K $13.82/SF
− OpEx
−$38.7K −$5.53/SF
NOI
$58.0K $8.29/SF
Area
San Bernardino County, CA
Vacancy
7.90%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
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%
$1,160,460
Cap Rate 7%
$828,900
Cap Rate 9%
$644,700
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.37M
NOI $82,393 @ 7.0% cap · market cap 9.42%
Second Best
Healthcare Medical
$828.9K
$725.3K – $967.1K
NOI $58,023 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,358 @ 7.0% cap · market cap 11.81%
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
53
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Five-unit medical building near Hi-Desert Medical Center in Joshua Tree.
Where is this medical office space located?
The property is located at 63532 29 Palms Hwy Joshua Tree, CA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Located across the street from Hi‑Desert Medical Center and Joshua Tree Courthouse.; Five‑unit medical building, each featuring a reception area, exam rooms, restrooms, and offices.; Situated on a 1.11 acre parcel with room for expansion.
