Prime Commercial Building Near Joshua
73911 29 Palms Hwy, Twentynine Palms, CA 92277
For Sale
Contact for pricing
Commercial building with highway visibility, fully rented, near Joshua Tree.
Property Size2,000 SF
Price / SF$198.50
Days on Market272
Property Features for 73911 29 Palms Hwy
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Buildings
Units
Listing Agency:
Sharon Rose Realty, Inc
Listed By:
Patrick Schmidt · License #CA 01794093
(310) 428-9865
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 8 at 6:36AM
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 Sharon Rose Realty, Inc
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Investment Insights
Based on property information with market context.
This commercial building is located adjacent to National Park Drive in Twentynine Palms, California, a few minutes from the Joshua Tree National Park entrance. It features highway visibility and includes two fully rented units. The property also has an oversized outdoor covered canopy area in the back, as well as alley access for loading. Twentynine Palms is experiencing growth, with new restaurants, bars, hotels, and cafes. Approximately 3 million tourists visit the Joshua Tree National Monument annually. The property is located not far from the Tortoise Rock Casino. The 29 Palms Marine Base has approximately 50,000 employees and enlisted personnel with their families. There are approximately 3,550 short-term rentals in the greater Morongo Basin. The Twentynine Palms Motorsports Complex is a few miles away. The property presents an opportunity for investors and business owners in this growing community. The building has a property size of 2000 square feet.
Key Highlights
- Prime commercial location adjacent to National Park Dr, near Joshua Tree National Park entrance.
- Two fully rented units providing immediate rental income.
- High visibility location in a rapidly growing city.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,668
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$573,360
$573.4K
Cap Rate 7%
$409,543
$409.5K
Cap Rate 9%
$318,533
$318.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$2.2K −$1.12/SF
EGI
$41.0K $20.48/SF
− OpEx
−$12.3K −$6.14/SF
NOI
$28.7K $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%
$573,360
Cap Rate 7%
$409,543
Cap Rate 9%
$318,533
Alternative Uses
Best Use
Retail
$409.5K
$358.4K – $477.8K
NOI $28,668 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$421.9K
$369.1K – $492.2K
NOI $29,531 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
421
Businesses Nearby
Balanced
Demand for This Use
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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
$224,300
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in San Bernardino County, CA
Properties on Market for Storefront properties in San Bernardino County
Vacancy Rate% for Retail in West region
Similar Off Market Nearby
- daffodil. — 73515 twentynine palms highway ste a, twentynine palms, ca 92277
- A New Creation Flowers & Gifts — 6296 Adobe Rd, Twentynine Palms, CA 92277
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building with highway visibility, fully rented, near Joshua Tree.
Where is this storefront property located?
The property is located at 73911 29 Palms Hwy Twentynine Palms, CA.
What is the asking price?
The asking price for this property is $397,000.
What are key features of this property?
This property features: Prime commercial location adjacent to National Park Dr, near Joshua Tree National Park entrance.; Two fully rented units providing immediate rental income.; High visibility location in a rapidly growing city.
