Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Busy Restaurant Near Joshua Tree Title is generated by Realmo AI

    72132 Twentynine Palms, 29 Palms, CA 92277

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Profitable restaurant opportunity near Joshua Tree National Park entrance.

    Type:Special Purpose
    Added:
    Nov 27, 2024
    Days on Market:
    532
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 72132 Twentynine Palms

    General Information

    Standard status
    Active
    Property subtype
    Special Purpose

    We can help!

    Listing Contact
    Jeff Poland

    Listing agent Jeff Poland License #CA

    Listing office Coldwell Banker Roadrunner Realty

    Listing date Nov 27, 2024

    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 Coldwell Banker Roadrunner Realty

    HighLights

    • High‑traffic location at the corner of Larrea Ave and SR 62, near USMC Base and Joshua Tree National Park entrance.
    • Established restaurant with a long history and reputation for great food and value.
    • Significant renovation in 2016, ensuring a modern and appealing space.
    • Includes all kitchen equipment (except leased items).
    • Seating capacity for 75 in the dining room and approximately 50 parking spaces.
    • Long‑term lease with options to extend.

    Overview

    Located at the northwest corner of Larrea Avenue and SR 62 in 29 Palms, California, this property presents a business opportunity to own a busy restaurant. The restaurant benefits from its location in 29 Palms, home to the USMC Base and the entrance to Joshua Tree National Park. Known for its food and value, the restaurant has a long history in the community. A major renovation was completed in 2016. The property includes a drive-through, currently used for phone orders. The sale includes all kitchen equipment, with the exception of some leased equipment such as the soda and orange juice machines. The dining room has a seating capacity of 75, and the parking lot provides approximately 50 parking spaces. The lease has many years remaining, with options to extend.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John's Place Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    29 Palms
    County
    State
    California
    Longitude
    -116.0886122
    Latitude
    34.1358844

    Nearby Similar for Sale

    • $395,000
      3,200 SF

      Prime Commercial Property in 29 Palms

      Versatile commercial building in high-traffic area near major attractions.
      6767 Adobe, 29 Palms, CA 92277
      View Details
    • $530,000
      3,172 SF

      29 Palms Quadruplex Investment Property

      Centrally located 4-plex with renovation potential and income generation.
      73615 Sun Valley Drive, 29 Palms, CA 92277
      View Details
    • $350,000
      2,106 SF

      Income-Producing Triplex in 29 Palms

      Triplex near Joshua Tree National Park with income potential.
      6607 Palo Verde Avenue, 29 Palms, CA 92277
      View Details
    • $287,500
      1,122 SF

      29 Palms Commercial Opportunity

      Commercial property near base with office/retail zoning.
      4488 Adobe, 29 Palms, CA 92277
      View Details
    • $325,000
      2,125 SF

      Two-Unit Commercial Building in 29

      Two-unit commercial building suitable for owner-users or investors.
      5758 Adobe, 29 Palms, CA 92277
      View Details
    • $610,000
      2,500 SF

      29 Palms Apartment Investment Opportunity

      Six-unit apartment complex on 2.25 acres with expansion potential.
      6555 Indian Cove Road, 29 Palms, CA 92277
      View Details
    • $225,000
      968 SF

      Income-Producing Duplex in 29 Palms

      Duplex in growing 29 Palms, close to amenities.
      6450 Athol, 29 Palms, CA 92277
      View Details
    • $232,500
      1,104 SF

      Income-Producing Duplex in 29 Palms

      Duplex with strong rental appeal and income potential.
      6667 Desert Queen, 29 Palms, CA 92277
      View Details
    • $395,000

      Radio Station Property Near Joshua Tree

      Broadcasting-ready property with tower, fiber optics, and development potential.
      68479 Twentynine Palms Highway, 29 Palms, CA 92277
      View Details
    • $400,000
      1,500 SF

      Prime Commercial Space in 29 Palms

      Commercial space in downtown 29 Palms near Joshua Tree.
      73489 29 Palms, 29 Palms, CA 92277
      View Details
    • $399,500
      2,403 SF

      Fourplex Near Marine Corps Base

      Four-unit property near Marine Corps Base and Joshua Tree National Park.
      6444 Tamarisk, 29 Palms, CA 92277
      View Details
    • $5,000,000
      4,116 SF

      Historic 12-Unit Hotel For Sale

      Unique 12-unit hotel with on-site living quarters in 29 Palms.
      73193 29 Palms Highway, 29 Palms, CA 92277
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Profitable restaurant opportunity near Joshua Tree National Park entrance.
    Where is this conventional restaurant located?
    The property is located at 72132 Twentynine Palms 29 Palms, CA.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: High‑traffic location at the corner of Larrea Ave and SR 62, near USMC Base and Joshua Tree National Park entrance.; Established restaurant with a long history and reputation for great food and value.; Significant renovation in 2016, ensuring a modern and appealing space.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Jeff Poland
    Real Estate License ID: CA
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    72132 Twentynine Palms, 29 Palms, CA 92277
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!