Medical Office Near
For Sale
Contact for pricing
63532 29 Palms Hwy, Joshua Tree, CA 92252
7,000 SF multi-tenant medical office space for sale.
Property Size7,000 SF
Price / SF$125
Days on Market407
Property Features for 63532 29 Palms Hwy
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Office
Zoning
JT/CG-SCp (Joshua Tree/General Commercial with Sign Control Primary Overlay)
Investment Type
Owner/User
Building Details
Year Built
1984
Buildings
1
Stories
1
Units
5
Tenancy
Multi
Listing Agency:
Desert Pacific Properties Inc
(760) 360-8200
Listed By:
Susan Harvey · License #CA 00957590
Source:
Crexi
Added: Jul 2, 2025
Changed: Aug 11
Last Checked: Aug 11 at 4:23PM
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 Inc
Investment Insights
Based on property information with market context.
This 7,000 square foot multi-tenant medical office building is available for sale. The property is located across from a hospital, offering potential synergies for medical practices and healthcare-related businesses.
Key Highlights
- 7,000 SF Multi‑tenant Medical Building
- Located Across From Hospital
- For Sale
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92252, CA
8,463
Population
5,201
Households
1.6
Avg Household Size
47
Median Age
25%
College-Educated
90%
High-School Grad
112.3 sq mi
ZIP Area
75
Density / Sq Mi
$62,821
Median Household Income
$40,402
Median Earnings
$1,172
Median Rent
$290,800
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 7,000 SF multi-tenant medical office space for sale.
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: 7,000 SF Multi‑tenant Medical Building; Located Across From Hospital; For Sale
