Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    57590 29 Palms Hwy Yucca Valley, CA 92284
    Back to Search
    Property profile & analytics

    57590 29 Palms Hwy Yucca Valley, CA 92284

    View on Map
    • Retail properties & Spaces
    • 40,000 SF
    • 3.03 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Vons Pharmacy / Pharmacy
    • Vons Bakery / Bakery / Specialty Food Shop
    • Vons Floral / (Bike/Boat/Book/etc) Store / Florist
    • Primo Water Refill & Exchange / Big Box & Wholesale Store
    • Vons / Bakery / Specialty Food Shop

    Property Details for 57590 29 Palms Hwy

    Lot size
    3.03 lot acres
    Property size
    40,000 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a 40,000 square foot Vons grocery store in Yucca Valley, CA, situated on 3.03 acres. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $306,053. The Vons store, established in 1981, benefits from a triple-net (NNN) lease with a remaining term of approximately 6.3 years, plus option periods, and includes percentage rent. This single-tenant property is an anchor in the Joshua Village Shopping Center, a key retail hub in a high-traffic area, serving a large metropolitan statistical area and the nearby 29 Palms Marine Corps Air Ground Combat Center. The location benefits from significant year-round tourism due to its proximity to Joshua Tree National Park. The property's strong tenant, a major national food and drug retailer, provides a robust corporate guaranty. With below-market rents and a history of sales exceeding $690 per square foot, this investment offers exceptional intrinsic value and a stable income stream. The asking price is $4,370,000, translating to $109.25 per square foot. The property's strong demographics, including a high household income of $81,227, further enhance its investment appeal. This is a rare opportunity to acquire a well-established, high-performing grocery store asset in a desirable Southern California location. The property's address is 57590 29 Palms Hwy, Yucca Valley, CA 92284. The APN is 0595-271-36.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Yucca Valley
    County
    San Bernardino
    State
    California
    Longitude
    -116.408
    Latitude
    34.1269

    Comparable in this City

    • Value Estimation by Request
      25,262 SF

      56089 29 Palms Hwy

      Restaurants • 25,262 SF
      56089 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • Value Estimation by Request
      25,575 SF

      56865 29 Palms Hwy

      Individual retail properties • 25,575 SF
      56865 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • Value Estimation by Request
      4,140 SF

      58181 29th Palms Hwy

      CONVENIENCE STORE (W/FUEL PUMP) • 4,140 SF
      58181 29th Palms Hwy, Yucca Valley, CA 92284-5801
      View Details
    • Value Estimation
      $520,000
      2,020 SF

      57226 29th Palms Hwy

      CONVENIENCE STORE (W/FUEL PUMP) • 2,020 SF
      57226 29th Palms Hwy, Yucca Valley, CA 92284-2903
      View Details
    • Value Estimation
      $850,000
      2,700 SF

      56275 29th Palms Hwy

      CONVENIENCE STORE (W/FUEL PUMP) • 2,700 SF
      56275 29th Palms Hwy, Yucca Valley, CA 92284-2857
      View Details
    • Value Estimation
      $730,000
      6,746 SF

      57387 29th Palms Hwy

      CONVENIENCE STORE (W/FUEL PUMP) • 6,746 SF
      57387 29th Palms Hwy, Yucca Valley, CA 92284-2928
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      1,295 SF

      Commercial Lease - Yucca Valley, CA

      Versatile commercial space suitable for retail, office, or professional services.
      55971 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • $1.00 SF/Yr

      Retail Space in Yucca Valley

      Well-maintained retail space with ample parking and great visibility.
      58100 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • $2,500 /Mo

      Remodeled Commercial Space in Yucca

      Versatile, remodeled commercial space in Yucca Valley Old Town.
      55971 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • $2,300 /Mo
      1,295 SF

      Remodeled Commercial Space in Yucca Valley

      Versatile commercial space with highway visibility and ample parking.
      55971 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • Contact for pricing

      Yucca Valley Retail Space Available

      Freestanding and inline retail spaces in Yucca Valley Square.
      58060 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • Contact for pricing

      Retail Space at Signalized Intersection

      Retail space with high visibility and strong co-tenancy.
      58132 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    Request Owner's contact information
    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.
    57590 29 Palms Hwy
    Yucca Valley, CA 92284
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    57590 29 Palms Hwy, Yucca Valley, CA, 92284
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!