Five-Unit Medical Office
For Sale
$875,000
63532 29 Palms Hwy, Joshua Tree, CA 92252
COMMERCIAL - Joshua Tree, CA
Property Size7,000 SF
Lot Size1.11 Acres
Price / SF$125
Days on Market411
Property Features for 63532 29 Palms Hwy
General Information
Property type
Commercial Sale
Property subtype
Office
Subdivision
DC612 - Joshua Tree Village
Standard status
Active
APN
060414148
Size
7,000 SF
Lot size
1.11 Acres
Building Details
Year built
1984
Number of units
5
Listing Agency:
Desert Pacific Properties
(760) 360-8200
Listed By:
Susan Harvey · License #00957590
(760) 360-8200
Added: Jul 2, 2025
Changed: Aug 4
Last Checked: Aug 16 at 5:06AM
MLS# 219132228
Copyright © 2026 California Desert Association of REALTORS®. 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.
This five-unit medical office building is offered for sale or lease and is configured for healthcare use. Each suite includes a reception area, exam rooms, restrooms, and offices, providing a functional layout for patient-facing operations.
The property is located on Twentynine Palms Highway in Joshua Tree, positioned across the street from Hi-Desert Medical Center and the Joshua Tree Courthouse. It sits at a signalized intersection on a main roadway with average daily traffic of 16,684 cars, supporting visibility and convenient access.
The building is situated on a 1.11-acre parcel with room for expansion. Zoning allows a wide range of uses, including retail, personal services, office and professional services, recreation and entertainment, wholesaling and warehousing, and lodging, subject to additional permitting requirements.
The property is located on Twentynine Palms Highway in Joshua Tree, positioned across the street from Hi-Desert Medical Center and the Joshua Tree Courthouse. It sits at a signalized intersection on a main roadway with average daily traffic of 16,684 cars, supporting visibility and convenient access.
The building is situated on a 1.11-acre parcel with room for expansion. Zoning allows a wide range of uses, including retail, personal services, office and professional services, recreation and entertainment, wholesaling and warehousing, and lodging, subject to additional permitting requirements.
Key Highlights
- Five‑unit medical office building built in 1984 on Twentynine Palms Highway in Joshua Tree, CA
- Each unit features reception, exam rooms, restrooms, and offices
- 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
Property Profile
Current Use
Lease Details
5
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
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 center - Five medical suites each offer reception, exam rooms, restrooms, and offices on a 1.11-acre site.
Where is this medical center 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: Five‑unit medical office building built in 1984 on Twentynine Palms Highway in Joshua Tree, CA; Each unit features reception, exam rooms, restrooms, and offices; 1.11‑acre parcel with room for expansion
