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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Retail space
61657 29th Palms Hwy Joshua Tree, CA 92252-2389
Entity Owned
4-yr Hold
Free & Clear
Property ID
US10-1491188
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
WOOD FRAME
Total area
1,917 SF
Lot
0.22 ac (9,691 SF)
APN
0602-261-14-0000
UPID
US10-1491188
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Time Echo Vintage (Bike/Boat/Book/etc) Store
-
Ink & Steel Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$681k
Blend (final)
Blend
$750k
Owner & transaction history
Joshua Tree Park LLC · 4 yrs held
Joshua Tree Park LLC
since 2022
Last sale
$750,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+95.7%
Commercial (general)
$660,000
+54.8%
Auto repair, garage
$585,000
+37.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Joshua Tree submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Joshua Tree submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$745,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$835,000
Change: +96% · Conversion: Easy
COMMERCIAL (GENERAL)
$660,000
Change: +55% · Conversion: Easy
AUTO REPAIR, GARAGE
$585,000
Change: +37% · Conversion: Difficult
MEDICAL BUILDING
$555,000
Change: +30% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$515,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$490,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Jan 21 2022)
Last sale anchor
$750k
Jan 21 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$391 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,941
Tax year 2023
Assessed value
$780,300
Assessed 2024
Previous assessed
$765,000
+2.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$208,080
Assessed improvement
$572,220
Applied tax rate
94.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
1
Total area
1,917 SF
Lot
0.22 ac (9,691 SF)
APN
0602-261-14-0000
UPID
US10-1491188
Jurisdiction
SAN BERNARDINO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$835,000
COMMERCIAL (GENERAL)
Est. value
$660,000
AUTO REPAIR, GARAGE
Est. value
$585,000
MEDICAL BUILDING
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$515,000
WAREHOUSE, STORAGE
Est. value
$490,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
WOOD FRAME
Heating
NONE
Stories
2
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Joshua Tree Park LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 2ND 2, JOSHUA TREE, CA 92252-0002
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
$750,000
Joshua Tree Park LLC
Thomas A Austin
Grant Deed
—
Jun 11, 2012
$60,000
Thomas A Austin
Mckone,scot
Grant Deed
—
Jul 23, 2009
—
Scot Mckone
Cruickshank M P Living Trust
Grant Deed
—
Sep 26, 2005
$82,500
Cruickshank Margaret P Trust
Mckone,scot
Grant Deed
$72,500 · Scot Mckone
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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