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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    58133 29th Palms Hwy Yucca Valley, CA 92284-5801

    • Drug stores
    • 14,285 SF
    • 1.52 lot acres
    OFF-MARKET
    Last Sale
    Dec 21, 2020
    $3,600,000
    Value Estimations
    $3,480,000
    Show details
    Cap Rate Potential
    3.8%
    Drug stores
    Location Intelligence
    Property ID
    US10-0971197
    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

    • Walgreens Pharmacy / Pharmacy
    • Walgreens Photo / Photo Shop / Passport Photo Processor
    • FedEx OnSite / Mailing Service
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Redbox / Movie Rental Store / Movie Rental Kiosk

    Property Details for 58133 29th Palms Hwy

    Year built
    2003
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.52 lot acres
    Property size
    14,285 SF
    Property type
    Drug stores
    APN
    0601-416-02-0000
    APU
    601416020000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,415,000
      6.5%
      $3,150,000
      7%
      $2,925,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,568,000
      Market price range: $1.55M - $3.57M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,175,000
      Current use
      COMMERCIAL (GENERAL)
      $4,915,000
      Change: +55% Conversion: Easy
      AUTO REPAIR, GARAGE
      $4,350,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $4,135,000
      Change: +30% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,845,000
      Change: +21% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $3,810,000
      Change: +20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Yucca Valley
    County
    San Bernardino
    State
    California
    Longitude
    -116.395
    Latitude
    34.128
    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
    $49,557
    $431,607
    $3,913,425
    $4,345,032
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $7,315,000
      17,299 SF

      57701 29th Palms Hwy

      DRUG STORE, PHARMACY • 17,299 SF
      57701 29th Palms Hwy, Yucca Valley, CA 92284-3066
      View Details
    • Value Estimation by Request
      0.15 Acres

      55873 29th Palms Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.15 Acres
      55873 29th Palms Hwy, Yucca Valley, CA 92284-7805
      View Details
    • 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
      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
      $565,000
      9,230 SF

      7272 Joshua Ln

      FINANCIAL BUILDING • 9,230 SF
      7272 Joshua Ln, Yucca Valley, CA 92284-2923
      View Details
    • Value Estimation by Request
      1,402 SF

      7168 Mohawk Trl

      RETAIL STORES (PERSONAL SERVICES) • 1,402 SF
      7168 Mohawk Trl, Yucca Valley, CA 92284-2633
      View Details

    Similar Nearby for Sale

    • $1,349,000

      Yucca Valley Retail Investment Opportunity

      Commercial building with seven units and upside potential.
      57353 29 Palms Hwy, Yucca Valley, CA 92284
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    • $525,000
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      Remodeled Retail Building in Yucca Valley

      2,300 SF retail building with modern remodel and highway exposure.
      56334 29 Palms Hwy, Yucca Valley, CA 92284
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    • $3,295,000

      Commercial Property in Yucca Valley

      Commercial/retail/industrial property with leaseback opportunity in Yucca Valley.
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    • $795,000
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      Versatile Commercial Property in Yucca Valley

      2.3-acre lot with 5000 sq ft building and living quarters.
      4828 Newton Ln, Yucca Valley, CA 92284
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    • $1,800,000

      Prime Corner Restaurant Property

      Restaurant property on a corner lot with growth potential.
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    • $5,700,000

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      Value-add retail center in high-growth Inland Empire location.
      57980 29 Palms Hwy, Yucca Valley, CA 92284
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    Similar Nearby for Lease

    • Contact for pricing
      4,800 SF

      Retail Space in Yucca Valley

      Retail space available for lease in Yucca Valley, CA.
      56669 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • Contact for pricing
      5,290 SF

      Yucca Valley Retail Space Available

      Freestanding pad and inline retail space for lease.
      58060 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • New
      $2,500 /Mo
      1,295 SF

      Remodeled Commercial Space in Yucca

      Versatile commercial space suitable for retail, office, or professional services.
      55971 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • $21 SF/Yr
      3,303 SF

      High-Traffic Retail Space Available

      Prime location, multiple units, strong co-tenancy.
      58132 29 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • Contact for pricing
      4,875 SF

      Highway Retail Space Available

      Retail space with high visibility on State Highway 62.
      55690 Palms Hwy, Yucca Valley, CA 92284
      View Details
    • $15 SF/Yr
      13,550 SF

      Joshua Village Retail Spaces

      Vons-anchored center; multiple spaces available.
      57552 Palms Hwy, Yucca Valley, CA 92284
      View Details
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    Yucca Valley, CA 92284-5801
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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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