Retail Property on Highway
For Sale
Contact for pricing
72526 29 Palms Hwy, Twentynine Palms, CA 92277
Retail property with absolute NNN lease and highway frontage.
Property Size2,784 SF
Price / SF$311.67
Days on Market204
Property Features for 72526 29 Palms Hwy
General Information
Standard status
Active
Size
2,784 SF
Property subtype
Retail
Zoning
General Commercial (GC)
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$56,400
Building Details
Year Built
1987
Tenancy
Single
Listing Agency:
CIRE Partners
Listed By:
Arbi Goce · License #CA 01895830
Source:
Crexi
Added: Mar 18
Changed: Oct 2
Last Checked: Oct 5 at 7:36PM
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 CIRE Partners
Investment Insights
Based on property information with market context.
This retail property features frontage on Highway 62. The property operates under an absolute NNN lease and has a capitalization rate of 6.50%. The building has a size of 2784 square feet and is located in a military town.
Key Highlights
- 6.50% Cap Rate
- Absolute NNN Lease
- Frontage on Hwy 62
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,905
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$798,100
$798.1K
Cap Rate 7%
$570,071
$570.1K
Cap Rate 9%
$443,389
$443.4K
Market Conditions
NOI Build-Up for 2,784 SF
Gross rent
$60.1K $21.60/SF
− Vacancy
−$3.1K −$1.12/SF
EGI
$57.0K $20.48/SF
− OpEx
−$17.1K −$6.14/SF
NOI
$39.9K $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%
$798,100
Cap Rate 7%
$570,071
Cap Rate 9%
$443,389
Alternative Uses
Best Use
Retail
$570.1K
$498.8K – $665.1K
NOI $39,905 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$587.2K
$513.8K – $685.1K
NOI $41,107 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Retail property - Retail property with absolute NNN lease and highway frontage.
Where is this retail property located?
The property is located at 72526 29 Palms Hwy Twentynine Palms, CA.
What is the asking price?
The asking price for this property is $867,692.
What are key features of this property?
This property features: 6.50% Cap Rate; Absolute NNN Lease; Frontage on Hwy 62
