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    61880 Verbena Rd Joshua Tree, CA 92252
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    61880 Verbena Rd, Joshua Tree, CA 92252

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    • Commercial real estate
    • 1,724 SF
    • 0.32 lot acres
    For Sale
    $585,000
    View Listing →
    Joshua Tree Multifamily Property For Sale
    $585,000
    1,724 SF

    Joshua Tree Multifamily Property

    Two-unit multifamily property in Joshua Tree, California.

    61880 Verbena Rd, Joshua Tree, CA 92252
    View Listing
    Property ID
    US10-1402176
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 61880 Verbena Rd

    Year built
    1974
    Lot size
    0.32 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents a well-maintained duplex located in the heart of Joshua Tree, California. The property, situated on a 0.32-acre lot at 61880 Verbena Rd, 92252, boasts 1,724 square feet of living space, built in 1974. Each of the two units features two bedrooms and one bathroom, complete with a one-car garage including laundry hookups. Recent upgrades include new flooring, kitchen countertops, and bathrooms, enhancing both aesthetics and functionality. Modern mini-split units provide efficient heating and air conditioning. The property benefits from a fully fenced yard and six parking spaces. Currently zoned for three units, with potential for further expansion (buyer to verify with San Bernardino County), this property offers significant upside potential. Its prime location offers easy access to the Joshua Tree Village, featuring numerous bars, cafes, restaurants, boutiques, art galleries, and a farmers market (less than a third of a mile away). Recreational amenities such as Sportsman's Park, with tennis courts, basketball courts, a skate park, and more, are also within a half-mile radius. Convenient proximity to Hi-Desert Medical Center (under 3 miles), Copper Mountain College (7 miles), and major military installations further enhances its appeal. The thriving Joshua Tree area is experiencing a surge in popularity, fueled by remote work trends and a growing demand for housing, creating a strong rental market with increasing rental rates. The property is approximately 37 miles from Palm Springs and 129 miles from Los Angeles. All inquiries regarding building codes, permitted uses, and landlord rights should be directed to San Bernardino County. This is a truly remarkable opportunity for savvy investors seeking a high-return property in a rapidly appreciating market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Joshua Tree
    County
    San Bernardino
    State
    California
    Longitude
    -116.313713
    Latitude
    34.1388299

    Comparable in this City

    • $585,000

      Joshua Tree Duplex Opportunity

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      View Details
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      Joshua Tree Multifamily Property

      Two-unit multifamily property in Joshua Tree, California.
      61880 Verbena Rd, Joshua Tree, CA 92252
      View Details
    • $625,000

      Remodeled Duplex in Joshua Tree

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      Joshua Tree Dual Income Opportunity

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    Similar Nearby for Sale

    • $585,000

      Joshua Tree Duplex Opportunity

      Spacious duplex near Joshua Tree Village amenities.
      61880 Verbena Rd, Joshua Tree, CA 92252
      View Details
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      1,724 SF

      Joshua Tree Multifamily Property

      Two-unit multifamily property in Joshua Tree, California.
      61880 Verbena Rd, Joshua Tree, CA 92252
      View Details
    • $449,000
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      Joshua Tree Dual Income Opportunity

      Two Airbnb incomes on 1.2 acres near Joshua Tree National Park.
      62177 Jericho Way, Joshua Tree, CA 92252
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    • $625,000

      Remodeled Duplex in Joshua Tree

      Turnkey duplex near Joshua Tree National Park entrance.
      61786 Desert Air Rd, Joshua Tree, CA 92252
      View Details

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      Joshua Tree Commercial Warehouse Space

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    View Listing
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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.

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