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    62735 29 Palms Hwy Joshua Tree, CA 92252
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    Property profile & analytics

    62735 29 Palms Hwy, Joshua Tree, CA 92252

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    • Self storage facilities
    • 2.34 lot acres
    Off-Market
    Property ID
    US10-1295206
    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

    • Self storage facilities

    Property Details for 62735 29 Palms Hwy

    Lot size
    2.34 lot acres
    Property type
    Self storage facilities

    Description

    This exceptional investment opportunity presents a proposed self-storage development in the thriving Joshua Tree, CA market. Located on a 2.34-acre lot at 62735 29 Palms Hwy, 92252, this project features plans for six buildings and an office, totaling 29,700 net rentable square feet and encompassing 324 non-climate-controlled units. The property boasts an enviable location with excellent visibility along 29 Palms Highway (CA-62), experiencing high daily traffic counts of approximately 18,000 vehicles. With limited competition—only one other facility within a 5-mile radius—this development is poised for strong occupancy rates. The pro-forma NOI is $488,365, resulting in an 8.01% cap rate, and the asking price is $675,000. Projected opening is slated for 2025. This development presents a compelling opportunity to capitalize on the growing demand for self-storage in this dynamic area of California. The property's strategic location and substantial size make it an attractive investment for those seeking strong returns in the self-storage sector. The high traffic counts and low competition further enhance the potential for significant profitability.

    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
    -116.294618
    Latitude
    34.134043

    Comparable in this City

    • Contact for pricing
      1,000 SF

      Office and Warehouse on Highway

      Office and warehouse property on half acre of land.
      61046 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • $530,000

      Joshua Tree Commercial Property For Sale

      Office and warehouse buildings on a fenced, paved lot.
      61046 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • Contact for pricing

      Joshua Tree Office/Warehouse Opportunity

      Office building with warehouse on a high-traffic highway.
      61046 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • Contact for pricing
      9,020 SF

      Joshua Tree Warehouse Opportunity

      9,020 SF warehouse on 4 acres near downtown.
      Unknown, Joshua Tree, CA 92252
      View Details
    • $57,000
      31,341.00 Acres

      Joshua Tree Multifamily Lot

      Large lot in Joshua Tree's Upper Friendly Hills neighborhood.
      7442 Olympic Rd, Joshua Tree, CA 92252
      View Details
    • $50,000
      108,900.00 Acres

      Joshua Tree 2.5-Acre Parcel

      2.5-acre parcel of land near Joshua Tree Elementary School.
      61769 Cowan Ln, Joshua Tree, CA 92252
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,000 SF

      Office and Warehouse on Highway

      Office and warehouse property on half acre of land.
      61046 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • $530,000

      Joshua Tree Commercial Property For Sale

      Office and warehouse buildings on a fenced, paved lot.
      61046 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • Contact for pricing

      Joshua Tree Office/Warehouse Opportunity

      Office building with warehouse on a high-traffic highway.
      61046 29 Palms Hwy, Joshua Tree, CA 92252
      View Details
    • Contact for pricing
      9,020 SF

      Joshua Tree Warehouse Opportunity

      9,020 SF warehouse on 4 acres near downtown.
      Unknown, Joshua Tree, CA 92252
      View Details
    • $57,000
      31,341.00 Acres

      Joshua Tree Multifamily Lot

      Large lot in Joshua Tree's Upper Friendly Hills neighborhood.
      7442 Olympic Rd, Joshua Tree, CA 92252
      View Details
    • $50,000
      108,900.00 Acres

      Joshua Tree 2.5-Acre Parcel

      2.5-acre parcel of land near Joshua Tree Elementary School.
      61769 Cowan Ln, Joshua Tree, CA 92252
      View Details

    Similar Nearby for Lease

    • $864 /Mo
      6,906 SF

      Joshua Tree Commercial Warehouse Space

      Commercial spaces available for lease in Joshua Tree, California.
      6416 Hallee Rd, Joshua Tree, CA 92252
      View Details
    • $864 /Mo

      Joshua Tree Warehouse Spaces Available

      Commercial spaces in existing warehouse with roll-up doors and fenced areas.
      6416 Hallee Rd, Joshua Tree, CA 92252
      View Details
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    Joshua Tree, CA 92252
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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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