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    73489 29 Palms Hwy Twentynine Palms, CA 92277

    • Strip malls
    • 1,500 SF
    • 0.07 lot acres
    For Sale
    View listing
    $650,000
    Last Sale
    Aug 12, 2021
    $225,000
    Value Estimations
    Cap Rate Potential
    5.5%
    Strip malls
    Location Intelligence
    Property ID
    US10-1479564
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Strip malls

    Property Details for 73489 29 Palms Hwy

    Year built
    1948
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.07 lot acres
    Property size
    1,500 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    0617-111-13-0000
    APU
    617111130000

    Description

    This exceptional 1,500 square foot commercial land parcel in Twentynine Palms, California, presents a unique investment opportunity. Located at 73489 29 Palms, 92277, in San Bernardino County, this property enjoys a prime location along Highway 62, ensuring high visibility and accessibility. Its strategic placement within a bustling commercial district, surrounded by residential areas, retail stores, and other businesses, guarantees a consistent flow of potential customers. The property is ideally suited for a diverse range of commercial ventures, including restaurants, retail establishments, or office spaces. A significant advantage is the presence of top-tier commercial kitchen appliances already installed, making it particularly attractive to food-service businesses. Furthermore, the city of Twentynine Palms is experiencing significant growth, with plans for a new 95-room Hilton Home2 Suites hotel near the Joshua Tree National Park visitor center, further enhancing the area's appeal and potential for increased foot traffic. This property's proximity to this upcoming hotel offers exceptional long-term growth potential. The asking price for this remarkable commercial land is $650,000. Don't miss this chance to acquire a thriving commercial property in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $265,000
      ML approach
      $270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $240,000
      6.5%
      $225,000
      7%
      $210,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $333,000
      Market price range: $163k - $718k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $405,000
      Current use
      MEDICAL BUILDING
      $435,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $380,000
      Change: -5% Conversion: Difficult
      RETAIL STORES
      $335,000
      Change: -17% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Twentynine Palms
    County
    San Bernardino
    State
    California
    Longitude
    -116.059
    Latitude
    34.1353
    CBSA code
    40140
    CBSA name
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,616
    $57,222
    $176,868
    $234,090
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $345,000
      2,700 SF

      73565 29th Palms Hwy

      SHOPPING CENTER, STRIP CENTER • 2,700 SF
      73565 29th Palms Hwy, Twentynine Palms, CA 92277-3128
      View Details
    • Value Estimation
      $355,000
      990 SF

      3787 Adobe Rd

      SHOPPING CENTER, STRIP CENTER • 990 SF
      3787 Adobe Rd, Twentynine Palms, CA 92277-4417
      View Details
    • Value Estimation
      $300,000
      2,100 SF

      6745 Adobe Rd

      SHOPPING CENTER, STRIP CENTER • 2,100 SF
      6745 Adobe Rd, Twentynine Palms, CA 92277
      View Details
    • Value Estimation
      $745,000
      5,160 SF

      73501 29th Palms Hwy

      SHOPPING CENTER, STRIP CENTER • 5,160 SF
      73501 29th Palms Hwy, Twentynine Palms, CA 92277-3134
      View Details
    • Value Estimation
      $365,000
      3,096 SF

      5671 Plz Rd

      SHOPPING CENTER, STRIP CENTER • 3,096 SF
      5671 Plz Rd, Twentynine Palms, CA 92277-1742
      View Details
    • Value Estimation by Request
      28.06 Acres

      71800 29 Palms Hwy

      Lifestyle centers • 28.06 Acres
      71800 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details

    Similar Nearby for Sale

    • $1,850,000
      28.06 Acres

      Twentynine Palms Highway Retail Center

      28-Acre Commercial Land, Prime Location
      71800 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details
    • $545,000

      Renovated Restaurant Opportunity in Twentynine Palms

      Newly renovated restaurant near Marine Base and Joshua Tree National Park.
      73629 Two Mile Rd, Twentynine Palms, CA 92277
      View Details
    • $395,000
      1,301 SF

      Restored 1938 Commercial Building

      Historic 1938 commercial building in Twentynine Palms, thoughtfully renovated.
      5770 Adobe Rd, 29 Palms, CA 92277
      View Details
    • $540,000

      Retail Building Near Marine Base

      Retail building near Marine Corps base on Adobe Road.
      5785 Adobe Rd, Twentynine Palms, CA 92277
      View Details
    • $297,500
      1,122 SF

      29 Palms Commercial Opportunity

      Commercial property near the base, zoned for office or retail.
      4488 Adobe, 29 Palms, CA 92277
      View Details
    • $1,990,000

      Iconic Drive-In Theater For Sale

      25-acre property with drive-in theater near Joshua Tree National Park.
      4584 Adobe Rd, Twentynine Palms, CA 92277
      View Details

    Similar Nearby for Lease

    • $529,900
      1,125 SF

      Former Car Dealership for Lease

      1,125 SF building on 13,260 SF lot, former dealership.
      73709 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details
    • Contact for pricing
      2,000 SF

      29 Palms Hwy Commercial Space

      Prime Retail/Office Space Available
      73737 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details
    • $2,850 /Mo

      Office Space with Multiple Rooms

      Office space featuring ten rooms, restrooms, and kitchen storage.
      73421 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details
    • $2,850 /Mo
      2,291 SF

      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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    Twentynine Palms, 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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