Highway-Front Office/Retail
For Sale
$149,900
72028 29 Palms, Twentynine Palms, CA 92277
Recently updated 520 sq. ft. commercial building with flexible open layout, 1 bathroom, and fenced backyard on 29 Palms Highway.
Property Size520 SF
Days on Market95
Property Features for 72028 29 Palms
General Information
Standard status
Active
Size
520 SF
Property subtype
Commercial
Building Details
Building Size
520 SF
Year Built
1935
Listing Agency:
Coldwell Banker Roadrunner Realty
Listed By:
Jeffrey Poland · License #01363904
(760) 365-8880
Source:
Elliman
Added: Jul 13
Changed: Oct 7
Last Checked: Oct 15 at 12:45AM
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 recently updated commercial building offers an open, flexible interior layout suited to a range of office, retail, and professional service uses, along with 1 bathroom. The property also includes a large fenced backyard that can support secure storage, parking, or other on-site needs.
The building is positioned on a 6,000 sq. ft. lot with highway frontage along 29 Palms Highway, providing visibility for passing traffic in the downtown Twentynine Palms area.
Ideal for an owner-occupant or an investment buyer, the seller indicates they may carry terms with 50% down.
The building is positioned on a 6,000 sq. ft. lot with highway frontage along 29 Palms Highway, providing visibility for passing traffic in the downtown Twentynine Palms area.
Ideal for an owner-occupant or an investment buyer, the seller indicates they may carry terms with 50% down.
Key Highlights
- Recently updated 520 SF highway commercial building built in 1935
- 6,000 SF lot with highway frontage along 29 Palms Highway
- Flexible open layout suitable for office, retail, professional services, or studio use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,454
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,080
$149.1K
Cap Rate 7%
$106,486
$106.5K
Cap Rate 9%
$82,822
$82.8K
Market Conditions
NOI Build-Up for 520 SF
Gross rent
$11.2K $21.60/SF
− Vacancy
−$584 −$1.12/SF
EGI
$10.6K $20.48/SF
− OpEx
−$3.2K −$6.14/SF
NOI
$7.5K $14.33/SF
Area
San Bernardino County, CA
Vacancy
5.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,080
Cap Rate 7%
$106,486
Cap Rate 9%
$82,822
Alternative Uses
Best Use
Retail
$106.5K
$93.2K – $124.2K
NOI $7,454 @ 7.0% cap · market cap 4.97%
Second Best
Office B
$87.4K
$76.5K – $102.0K
NOI $6,121 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$109.7K
$96.0K – $128.0K
NOI $7,678 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92277, CA
23,988
Population
13,657
Households
1.8
Avg Household Size
30
Median Age
25%
College-Educated
93%
High-School Grad
1,599.1 sq mi
ZIP Area
15
Density / Sq Mi
$55,515
Median Household Income
$40,928
Median Earnings
$1,267
Median Rent
$224,300
Median Home Value
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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?
Storefront property - Recently updated 520 sq. ft. commercial building with flexible open layout, 1 bathroom, and fenced backyard on 29 Palms Highway.
Where is this storefront property located?
The property is located at 72028 29 Palms Twentynine Palms, CA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Recently updated 520 SF highway commercial building built in 1935; 6,000 SF lot with highway frontage along 29 Palms Highway; Flexible open layout suitable for office, retail, professional services, or studio use
