Thousand Palms Retail Building
For Sale
Contact for pricing
72885 E Ramon Rd, Thousand Palms, CA 92276
3,240 SF retail building on 0.69 AC lot.
Property Size3,240 SF
Lot Size0.69 Acres
Price / SF$293.21
Days on Market1161
Property Features for 72885 E Ramon Rd
General Information
Standard status
Active
Size
3,240 SF
Class
B
Lot size
0.69 Acres
Property subtype
Retail
Zoning
Mixed-Use
Investment Type
Owner/User
Building Details
Year Built
1991
Year Renovated
2022
Buildings
1
Stories
1
Units
1
Listing Agency:
Graystone Capital Advisors
Listed By:
Matt Hardke · License #CA 01946266
(949) 942-1300
Source:
Crexi
Added: Aug 17, 2023
Changed: Oct 17
Last Checked: Oct 19 at 6:50AM
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
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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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,441
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$928,820
$928.8K
Cap Rate 7%
$663,443
$663.4K
Cap Rate 9%
$516,011
$516.0K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$70.0K $21.60/SF
− Vacancy
−$3.6K −$1.12/SF
EGI
$66.3K $20.48/SF
− OpEx
−$19.9K −$6.14/SF
NOI
$46.4K $14.33/SF
Area
Riverside 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%
$928,820
Cap Rate 7%
$663,443
Cap Rate 9%
$516,011
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Explore this area
Business Placement
Demographics for 92276, CA
7,953
Population
3,757
Households
2.1
Avg Household Size
44
Median Age
22%
College-Educated
86%
High-School Grad
37.0 sq mi
ZIP Area
215
Density / Sq Mi
$80,280
Median Household Income
$35,124
Median Earnings
$1,432
Median Rent
$260,500
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
Frequently Asked Questions
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.
