Thousand Palms Retail Building
72885 E Ramon Rd Thousand Palms, CA 92276
72885 E Ramon Rd, Thousand Palms, CA, 92276
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For Sale
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3,240 SF retail building on 0.69 AC lot.
Property Size3,240 SF
Lot Size0.69 Acres
Price / SF$293.21
Days on Market1070
Property Features for 72885 E Ramon Rd
General Information
- Standard status
- Active
- Size
- 3,240 SF
- Lot size
- 0.69 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1991
Listing Agency
Graystone Capital Advisors
(949) 942-1300
Listed by
Matt Hardke · License #CA 01946266
Source
Crexi
Added: Aug 17, 2023 Updated: Jul 10 at 3:41 pm Checked: Jul 20 at 3:51 am
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 Graystone Capital Advisors
Investment Insights
Based on property information with market context.
The property at 72885 Ramon Rd in Thousand Palms, CA, presents an opportunity to purchase a 3,240 SF retail building situated on an approximately 0.69 AC lot. Formerly a Rabobank, the building is zoned MU (Mixed-use), which allows for a variety of retail uses and potential for future multifamily development. The property benefits from high visibility at the corner of Ramon Rd and Arbol Real Ave, near the intersection of Ramon and Monterey, with direct access to the I-10 Freeway (106,000 VPD). The location benefits from a strong and growing population of 17,387 people within a 3-mile radius, with an average household income of $101,414 and a growth rate of 24.33% since 2010. The property is located within a rapidly growing retail corridor and is surrounded by retailers including Agua Caliente Resort Casino, Costco, Sam’s Club, Walmart, Home Depot, In-n-Out, Chick-fil-A, Del Taco, Starbucks, Shell, Arco, and Chevron.
Key Highlights
- High‑visibility corner location at Ramon Rd and Arbol Real Ave, near the busy intersection of Ramon and Monterey, with direct access to I‑10 Freeway (106,000 VPD).
- Zoned MU (Mixed‑use) allowing for a variety of retail uses and potential for future multifamily development.
- Located in a rapidly growing retail corridor surrounded by popular retailers including Agua Caliente Resort Casino, Costco, Sam’s Club, Walmart, and Home Depot.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $70.0k | $21.60 |
| − Vacancy | −$3.6k | −$1.12 |
| EGI | $66.3k | $20.48 |
| − OpEx | −$19.9k | −$6.14 |
| NOI | $46.4k | $14.33 |
3,240 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$663.4K
$580.5K – $774.0K
NOI $46,441 @ 7.0% cap · market cap 4.89%
Second Best
Specialty Retail
$583.6K
$510.7K – $680.9K
NOI $40,853 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$970.6K
$849.3K – $1.13M
NOI $67,945 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - 3,240 SF retail building on 0.69 AC lot.
Where is this bank located?
The property is located at 72885 E Ramon Rd Thousand Palms, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High‑visibility corner location at Ramon Rd and Arbol Real Ave, near the busy intersection of Ramon and Monterey, with direct access to I‑10 Freeway (106,000 VPD).; Zoned MU (Mixed‑use) allowing for a variety of retail uses and potential for future multifamily development.; Located in a rapidly growing retail corridor surrounded by popular retailers including Agua Caliente Resort Casino, Costco, Sam’s Club, Walmart, and Home Depot.
