Prime Commercial Space in Twentynine
For Sale
$400,000
73489 29 Palms, Twentynine Palms, CA 92277
Commercial space near Joshua Tree National Park, ideal for restaurants.
Property Size1,500 SF
Lot Size0.07 Acres
Days on Market255
Property Features for 73489 29 Palms
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.07 Acres
Property subtype
Commercial
Building Details
Building Size
1,500 SF
Year Built
1948
Listing Agency:
Coldwell Banker Roadrunner Realty
(760) 902-8139
Listed By:
Dajanae Stevens · License #02060250
Source:
Elliman
Added: Nov 27, 2025
Changed: Aug 8
Last Checked: May 10 at 11:30PM
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 commercial space offers over 1,500 sq. ft. in Downtown Twentynine Palms, near Joshua Tree National Park. The property, previously a successful bakery, includes commercial kitchen equipment. It is suitable for a bakery, café, restaurant, or other food-service business. The location benefits from high traffic due to its proximity to Project Phoenix, the 29 Palms Farmers Market, and new restaurants and businesses. A new hotel being developed nearby is expected to increase foot traffic.
Key Highlights
- Prime commercial space, over 1,500 sq. ft., in Downtown Twentynine Palms, near Joshua Tree National Park.
- Includes commercial kitchen equipment, ideal for bakery, cafe, or restaurant.
- High‑traffic location near Project Phoenix and the 29 Palms Farmers Market.
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
$21,501
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
5.38%
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%
$430,020
$430.0K
Cap Rate 7%
$307,157
$307.2K
Cap Rate 9%
$238,900
$238.9K
Market Conditions
NOI Build-Up for 1,500 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
$32.4K $21.60/SF
− Vacancy
−$1.7K −$1.12/SF
EGI
$30.7K $20.48/SF
− OpEx
−$9.2K −$6.14/SF
NOI
$21.5K $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 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%
$430,020
Cap Rate 7%
$307,157
Cap Rate 9%
$238,900
Alternative Uses
Best Use
Retail
$307.2K
$268.8K – $358.4K
NOI $21,501 @ 7.0% cap · market cap 5.38%
Second Best
Specialty Retail
$207.8K
$181.8K – $242.5K
NOI $14,547 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$316.4K
$276.9K – $369.1K
NOI $22,148 @ 7.0% cap · market cap 5.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
428
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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Restaurant - Commercial space near Joshua Tree National Park, ideal for restaurants.
Where is this restaurant located?
The property is located at 73489 29 Palms Twentynine Palms, CA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Prime commercial space, over 1,500 sq. ft., in Downtown Twentynine Palms, near Joshua Tree National Park.; Includes commercial kitchen equipment, ideal for bakery, cafe, or restaurant.; High‑traffic location near Project Phoenix and the 29 Palms Farmers Market.
