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    Diamond Bar Rd Borrego Springs, CA 92277
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    Diamond Bar Rd Borrego Springs, CA 92277

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    • Land
    • 4.15 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Diamond Bar Rd

    Lot size
    4.15 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 4.15-acre parcel, located at the corner of Diamond Bar Road and Feldspar Road in 29 Palms, California (zip code 92277), presents a unique opportunity for development. Situated approximately one mile outside the 29 Palms town limits, this flat, buildable lot boasts commanding views of the surrounding mountains. The property is zoned VL/RL, offering a wide range of potential uses including residential construction, accessory dwelling units (ADUs), guest housing, recreational vehicle use, agricultural pursuits (agritourism, nurseries), and even alternative energy production. The location provides convenient access to the Victorville/Hesperia/Apple Valley metro area and popular mountain resorts like Big Bear and Lake Arrowhead. The Lucerne Valley area is experiencing significant growth due to its affordability and proximity to major Southern California areas. While not within the 29 Palms community proper, this property shares the same zip code and benefits from its proximity to amenities. The asking price for this expansive and versatile land is $15,000. This represents a compelling investment opportunity in a rapidly developing region. Potential uses also include, but are not limited to: lodging (e.g., bed and breakfasts), residential care facilities, private gun clubs, equestrian/livestock operations, wireless communication facilities, medical uses (e.g., rehabilitation centers), recycling facilities, and storage/warehouse facilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Borrego Springs
    County
    San Bernardino
    State
    California
    Longitude
    -115.988
    Latitude
    34.1692

    Comparable in this City

    • Value Estimation by Request
      2.27 Acres

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      5.00 Acres

      61019112 Cielito Dr

      Farms • 5.00 Acres
      61019112 Cielito Dr, Twentynine Palms, CA 92277
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      2.50 Acres

      00000 Mesa Rd

      Farms • 2.50 Acres
      00000 Mesa Rd, Twentynine Palms, CA 92277
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    • Value Estimation by Request

      Morongo Rd

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      0 Morongo Rd, Twentynine Palms, CA 92277
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    • Value Estimation by Request
      4.71 Acres

      104 Diamond Bar Rd

      Farms • 4.71 Acres
      104 Diamond Bar Rd, Bush, CA 92277
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    • Value Estimation by Request
      315.00 Acres

      75150 Wellock Rd

      Land • 315.00 Acres
      75150 Wellock Rd, Twentynine Palms, CA 92277
      View Details

    Similar Nearby for Sale

    • $75,000
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      Undeveloped Land in 29 Palms

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    • Contact for pricing
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      Spacious Lot Near Joshua Tree

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      Expansive Land in 29 Palms

      9.5 acres of land in 29 Palms, California.
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    • $395,000
      17.88 Acres

      68479 Twentynine

      Land • 17.88 Acres
      0 29 Palms Hwy, Twentynine Palms, CA 92277
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    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office Space in 29 Palms

      Retail/office space available for lease in a prime location.
      73737 29 Palms Hwy, 29 Palms, CA 92277
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    • $2,850 /Mo
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      Office Space in 29 Palms

      Office space available with multiple rooms and convenient amenities.
      73421 29 Palms Hwy, 29 Palms, CA 92277
      View Details
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    Borrego Springs, CA 92277
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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.

    More about this property
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    Diamond Bar Rd, Borrego Springs, CA, 92277
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