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

    69131 29th Palms Hwy Twentynine Palms, CA 92277-6501

    • Grocery and convenience stores
    • 2,200 SF
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    Jun 15, 2022
    $600,000
    Value Estimations
    $605,000
    Show details
    Cap Rate Potential
    4.9%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US10-0984462
    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

    • Grocery and convenience stores

    Property Details for 69131 29th Palms Hwy

    Year built
    2008
    Construction
    WOOD FRAME
    Lot size
    0.60 lot acres
    Property size
    2,200 SF
    Property type
    Grocery and convenience stores
    APN
    0614-101-13-0000
    APU
    614101130000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $640,000
      ML approach
      $575,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $525,000
      6.5%
      $485,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $781,000
      Market price range: $251k - $782k
      AI Estimate
      $482,000
      Market price range: $129k - $482k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $490,000
      Current use
      OFFICE BUILDING
      $955,000
      Change: +96% Conversion: Easy
      COMMERCIAL (GENERAL)
      $755,000
      Change: +55% Conversion: Easy
      AUTO REPAIR, GARAGE
      $670,000
      Change: +37% Conversion: Difficult
      MEDICAL BUILDING
      $635,000
      Change: +30% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $590,000
      Change: +21% Conversion: Moderate
      WAREHOUSE, STORAGE
      $560,000
      Change: +15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Twentynine Palms
    County
    San Bernardino
    State
    California
    Longitude
    -116.154
    Latitude
    34.1346
    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
    $6,639
    $156,060
    $468,180
    $624,240
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,652 SF

      5687 Adobe Rd

      CONVENIENCE STORE (W/FUEL PUMP) • 2,652 SF
      5687 Adobe Rd, Twentynine Palms, CA 92277-1813
      View Details
    • Value Estimation by Request
      16,000 SF

      71722 29 Palms Hwy

      Individual retail properties • 16,000 SF
      71722 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details
    • Value Estimation by Request
      520 SF

      72028 29th Palms Hwy

      RETAIL STORES (PERSONAL SERVICES) • 520 SF
      72028 29th Palms Hwy, Twentynine Palms, CA 92277-2072
      View Details
    • Value Estimation by Request
      1,622 SF

      69225 29th Palms Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,622 SF
      69225 29th Palms Hwy, Twentynine Palms, CA 92277-6803
      View Details
    • Value Estimation by Request
      1,440 SF

      73481 29th Palms Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      73481 29th Palms Hwy, Twentynine Palms, CA 92277-3127
      View Details
    • Value Estimation by Request
      1,000 SF

      6441 Adobe Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      6441 Adobe Rd, Twentynine Palms, CA 92277-2605
      View Details

    Similar Nearby for Sale

    • $6,400,000
      16,000 SF

      Grocery Outlet Investment Opportunity

      High-yield, 15-year net lease in CA
      71722 29 Palms Hwy, Twentynine Palms, CA 92277
      View Details
    • $400,000

      Commercial Property Near Marine Base

      Retail and office space near Joshua Tree National Park.
      5823 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
    • $275,000

      Commercial Buildings in Downtown

      Two attached buildings in downtown Twentynine Palms for sale.
      5929 Adobe Rd, Twentynine 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
    • New
      $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

    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
    • $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
    • $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
    • 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
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    Twentynine Palms, CA 92277-6501
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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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