Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    72885 Ramon Rd Thousand Palms, CA 92276

    Sponsored
    For Sale
    $950,000

    Prime Retail Building, High Visibility

    Property size:
    3,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 3,240 square foot retail building situated on a 0.69-acre lot in Thousand Palms, CA. The single-story, Class B building, constructed in 1991 and renovated in 2022, is currently vacant and available for immediate occupancy. Boasting a desirable mixed-use zoning (MU), it offers versatility for various retail uses and potential for future multifamily development. The property enjoys exceptional visibility at the corner of Ramon Road and Arbol Real Avenue, benefiting from proximity to the busy intersection of Ramon Road and Monterey Avenue, providing direct access to the I-10 Freeway (106,000 vehicles per day). The asking price is $950,000, translating to $293.21 per square foot and a pro-forma cap rate of 8.19%. The property's strong location is supported by a robust demographic profile, with 17,387 people within a 3-mile radius boasting an average household income of $101,414. This area has experienced impressive 24.33% population growth since 2010. The property is surrounded by a thriving retail corridor, including major retailers such as Agua Caliente Resort Casino, Costco, Sam's Club, Walmart, Home Depot, and numerous fast-food and convenience stores. The large fenced lot provides ample space for additional parking and storage. The property features a pro-forma NOI of $77,760 and the APN is 69-303-2006. This is a rare opportunity to acquire a high-visibility retail property in a rapidly growing market.

    Property Features for 72885 Ramon Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,240 SF
    Class
    B
    Lot Size
    30,056 SF

    Building Details

    Year Built/Renovated
    1991/2022
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • High‑visibility corner retail space with pylon signage.
    • Located at the busy Ramon Rd and Monterey Ave intersection.
    • Excellent freeway access via I‑10 (106,000 VPD).
    • Large fenced lot offering ample parking and storage.
    • Strong demographics: 17,387 people within 3 miles, $101,414 average household income.
    • Situated in a rapidly growing retail corridor in the Coachella Valley.
    Property Profile Location Intelligence

    Current Use by Public Records

    Banks

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Palms
    County
    Riverside
    State
    California
    Longitude
    -116.3900173
    Latitude
    33.8161038

    Nearby Similar for Sale

    • $49,999
      3,920.00 Acres

      Thousand Palms Land in Golf Community

      Cement lot in 55+ golf community near I-10.
      32060 Oakland Hls, Thousand Palms, CA 92276
      View Details
    • $44,700
      0.11 Acres

      Corner Lot in 55+ Community

      Corner lot in Tri Palm Estates & CC, 55+ community.
      73451 Colonial Dr, Thousand Palms, CA 92276
      View Details
    • $55,000
      0.09 Acres

      Thousand Palms Land in Golf Community

      Cement lot in 55+ golf community, ideal desert retreat.
      33481 Westchester Dr, Thousand Palms, CA 92276
      View Details
    • $340,000

      Updated Golf Course View Home

      Updated 3 bedroom home in premier 55+ golf community.
      35239 Bandana Cir, Thousand Palms, CA 92276
      View Details
    • $195,000

      Updated Home in 55+ Community

      Spacious, updated home in a vibrant 55-plus community.
      73130 Banff St, Thousand Palms, CA 92276
      View Details
    • $75,000

      Tri Palms Estates Investor Special

      Located in a vibrant 55+ golf community.
      32080 Westchester Dr, Thousand Palms, CA 92276
      View Details
    • $199,900

      Desert Moon Drive Property

      Property on Desert Moon Drive in Thousand Palms, CA.
      32811 Desert Moon Dr, Thousand Palms, CA 92276
      View Details
    • $175,000

      Thousand Palms Specialty Property

      Specialty property available for sale in Thousand Palms, CA.
      32625 Bloomfield Ave, Thousand Palms, CA 92276
      View Details
    • $269,900

      Thousand Palms Specialty Property

      Specialty property available for sale in Thousand Palms, CA.
      33640 Westchester Dr, Thousand Palms, CA 92276
      View Details
    • $229,000

      Thousand Palms Specialty Property

      Specialty property available for sale in Thousand Palms, CA.
      33231 Laura Dr, Thousand Palms, CA 92276
      View Details
    • $173,000

      Thousand Palms Specialty Property

      Specialty property available for sale in Thousand Palms, CA.
      32620 Bloomfield Ave Ave, Thousand Palms, CA 92276
      View Details
    • $147,000

      Thousand Palms Specialty Property

      Specialty property available for sale in Thousand Palms, CA.
      32081 San Miguelito Dr, Thousand Palms, CA 92276
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Building, High Visibility
    Where is this individual retail property located?
    The property is located at 72885 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 retail space with pylon signage.; Located at the busy Ramon Rd and Monterey Ave intersection.; Excellent freeway access via I-10 (106,000 VPD).
    Request Owner's contact information
    72885 Ramon Rd Thousand Palms, CA 92276
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    72885 Ramon Rd
    Thousand Palms, CA 92276
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    72885 Ramon Rd Thousand Palms, CA 92276
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.