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    62735 29 Palms Hwy Joshua Tree, CA 92252

    Sponsored
    For Sale
    $675,000

    High-Demand CA Self Storage Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a proposed self-storage development in the thriving Joshua Tree, CA market. Located on a 2.34-acre lot at 62735 29 Palms Hwy, 92252, this project features plans for six buildings and an office, totaling 29,700 net rentable square feet and encompassing 324 non-climate-controlled units. The property boasts an enviable location with excellent visibility along 29 Palms Highway (CA-62), experiencing high daily traffic counts of approximately 18,000 vehicles. With limited competition—only one other facility within a 5-mile radius—this development is poised for strong occupancy rates. The pro-forma NOI is $488,365, resulting in an 8.01% cap rate, and the asking price is $675,000. Projected opening is slated for 2025. This development presents a compelling opportunity to capitalize on the growing demand for self-storage in this dynamic area of California. The property's strategic location and substantial size make it an attractive investment for those seeking strong returns in the self-storage sector. The high traffic counts and low competition further enhance the potential for significant profitability.

    Property Features for 62735 29 Palms Hwy

    General Information

    Property type
    Self storage facilities
    Lot Size
    101,930 SF

    Building Details

    Units
    324

    HighLights

    • Joshua Tree, CA self‑storage development opportunity.
    • Proposed six‑building self‑storage facility with one office totaling 29,700 net rentable square feet (NRSF).
    • 324 non‑climate‑controlled units planned.
    • High‑visibility location on 29 Palms Highway (CA‑62) with approximately 18,000 vehicles per day.
    • Limited competition: only one other facility within a 5‑mile radius.
    • Projected opening in 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Gym & Fitness Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Joshua Tree
    County
    San Bernardino
    State
    California
    Longitude
    -116.294618
    Latitude
    34.134043

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    FAQs

    What type of property is this?
    Self storage facility - High-Demand CA Self Storage Opportunity
    Where is this self storage facility located?
    The property is located at 62735 29 Palms Hwy Joshua Tree, CA.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Joshua Tree, CA self-storage development opportunity.; Proposed six-building self-storage facility with one office totaling 29,700 net rentable square feet (NRSF).; 324 non-climate-controlled units planned.
    Request Owner's contact information
    62735 29 Palms Hwy Joshua Tree, CA 92252
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    Joshua Tree, CA 92252
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    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
    62735 29 Palms Hwy Joshua Tree, CA 92252
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