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    Retail Space at Signalized Intersection Title is generated by Realmo AI

    58132 29 Palms Hwy, Yucca Valley, CA 92284

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    Retail space with high visibility and strong co-tenancy.

    Type:Retail
    Added:
    May 16, 2024
    Days on Market:
    749
    Last Refresh:
    May 12 at 9:33 pm

    Property Features for 58132 29 Palms Hwy

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 58132 29 Palms Hwy Contact us

    Suite D $1.75/Mo

    Size
    1,864 SF
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Heather Sharp

    Listing agent Heather Sharp License #CA 01146312

    Listing office Progressive Real Estate Partners

    Listing date May 16, 2024

    Source Crexi

    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 Progressive Real Estate Partners

    HighLights

    • Hard Signalized Intersection with High Traffic Counts (±28,149 vehicles per day)
    • Strong Visibility on Twentynine Palms Highway & Balsa Avenue
    • Co‑tenancy with Stater Bros, Dollar Tree, Harbor Freight, Tractor Supply, Wingstop, Subway, Great Clips, Pizza Hut, Jack in the Box, and more
    • Significant Capital Improvements: Newer SEER high efficiency air conditioning systems
    • Significant Capital Improvements: Energy saving white elastomeric roof
    • Monument Signage Available

    Overview

    Located at the corner of Twentynine Palms Highway and Balsa Avenue, this retail space benefits from a signalized intersection with high traffic counts of approximately 28,149 vehicles per day. The property offers monument signage availability. Co-tenants include Stater Bros, Dollar Tree, Harbor Freight, Tractor Supply, Wingstop, Subway, Great Clips, Pizza Hut, and Jack in the Box. The property has undergone significant capital improvements, including newer SEER high-efficiency air conditioning systems, an energy-saving white elastomeric roof, light control systems, dual-pane storefronts, newer hardscape, and exterior artwork.
    Property Profile Location Intelligence

    Current Use by Public Records

    Verizon Mobile Phone Store Metro by T-Mobile Mobile Phone Store GameStop Arcade & Gaming Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Quick-Tag — Walmart Supercenter, 58501 29 Palms Hwy, Yucca Valley, CA 92284
    • Park Hill Plaza — 57533 29 Palms Hwy, Yucca Valley, CA 92284
    • Coinstar Kiosk | Bitcoin ATM — Safeway, 57590 29 Palms Hys, Yucca Valley, CA 92284
    • Coinstar Kiosk | Bitcoin ATM — Stater Bros, 58060 29 Palms Hwy, Yucca Valley, CA 92284
    • Coinstar Kiosk | Bitcoin ATM — 57590 29 Palms Hys, Safeway, 57590 29 Palms Hwy, Yucca Valley, CA 92284

    Location Insight

    • Map
    • Local Demand
    City
    Yucca Valley
    County
    San Bernardino
    State
    California
    Longitude
    -116.3958417
    Latitude
    34.1288153

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    FAQs

    What type of property is this?
    Shopping center - Retail space with high visibility and strong co-tenancy.
    Where is this shopping center located?
    The property is located at 58132 29 Palms Hwy Yucca Valley, CA.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Hard Signalized Intersection with High Traffic Counts (±28,149 vehicles per day); Strong Visibility on Twentynine Palms Highway & Balsa Avenue; Co‑tenancy with Stater Bros, Dollar Tree, Harbor Freight, Tractor Supply, Wingstop, Subway, Great Clips, Pizza Hut, Jack in the Box, and more
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Heather Sharp
    Real Estate License ID: CA 01146312
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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