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    Radio Station Property with Tower Title is generated by Realmo AI

    68479 Twentynine Palms, 29 Palms, CA 92277

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    18-acre property with radio tower near Joshua Tree.

    Type:Land
    Property size:
    1,866 SF
    Lot size:
    18.00 Acres
    Price / SF:
    $211/SF
    Added:
    Oct 3, 2025
    Days on Market:
    226
    Last Refresh:
    Mar 18 at 7:51 am

    Property Features for 68479 Twentynine Palms

    General Information

    Standard status
    Active
    Size
    1,866 SF
    Lot size
    18.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Madelaine Lavoie
    Madelaine Lavoie

    Listing agent Madelaine Lavoie License #CA 02212107

    Listing office Cherie Miller & Assoc

    Listing date Oct 3, 2025

    Source Crexi

    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 Cherie Miller & Assoc

    HighLights

    • Nearly 18 acres of land zoned RL 2.5, potentially divisible into multiple parcels.
    • Massive 464‑foot radio antenna tower and fiber optics, ideal for broadcasting.
    • Currently operating as a radio station, ready for immediate business use.
    • 1,866 sq. ft. building space with flexible layout: 3 convertible bedroom spaces and 2 common areas.
    • Designated as an office building, suitable for office space needs.
    • Located near Joshua Tree National Park and Copper Mountain College.

    Overview

    This property, currently used as a radio station, features a 464-foot radio antenna tower and fiber optics. The building offers 1,866 square feet of space, including 2 half bathrooms and 3 spaces that can be converted into bedrooms. There is also an eat-in kitchen and 2 common area spaces that can be converted into a living room and family room. The property is designated as an office building, making it suitable for office space. Situated on nearly 18 acres of land zoned RL 2.5, the property has the potential to be divided into multiple parcels. It has a well casing and is connected to public water. Located near the entrance of Joshua Tree National Park and close to Copper Mountain College, the property offers a unique opportunity for those in the broadcasting industry or seeking office space.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $244.0K
    NOI $21,964 @ 9.00% cap · cautious / downside scenario
    Moderate
    $313.8K
    NOI $21,964 @ 7.00% cap · market / base-case scenario
    Aggressive
    $439.3K
    NOI $21,964 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $31.8k $17.04
    − Vacancy −$2.5k −$1.35
    EGI $29.3k $15.69
    − OpEx −$7.3k −$3.92
    NOI $22.0k $11.77
    1,866 SF · lease $17.04/SF/yr · vacancy 7.90% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $313.8K
    $274.6K – $366.1K (±1% cap)
    NOI $21,964 @ 7.0% cap · market cap 5.56%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $393.6K
    $344.4K – $459.2K (±1% cap)
    NOI $27,552 @ 7.0% cap · market cap 6.98%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Restaurant Hotel & Motel HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    29 Palms
    County
    State
    California
    Longitude
    -116.172057
    Latitude
    34.130785

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    FAQs

    What type of property is this?
    Aviation real estate - 18-acre property with radio tower near Joshua Tree.
    Where is this aviation real estate located?
    The property is located at 68479 Twentynine Palms 29 Palms, CA.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Nearly 18 acres of land zoned RL 2.5, potentially divisible into multiple parcels.; Massive 464‑foot radio antenna tower and fiber optics, ideal for broadcasting.; Currently operating as a radio station, ready for immediate business use.
    (760) 369-1800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Madelaine Lavoie
    Madelaine Lavoie
    Real Estate License ID: CA 02212107
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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