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    Property profile & analytics
    FOR SALE
    Retail space

    72885 E Ramon Rd, Thousand Palms, CA 92276

    3,120 SF 0.69 ac lot Built 1991
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US09-3172435
    Property summary
    AI-generated overview

    This exceptional 3,240-square-foot retail building presents a unique investment or lease opportunity in the thriving Thousand Palms, CA market. Situated on a 0.69-acre lot at 72885 Ramon Rd, this single-tenant property boasts a highly visible corner location at the intersection of Ramon Rd and Arbol Real Ave, offering easy access to the I-10 Freeway (106,000 vehicles per day). The building, formerly occupied by Rabobank, underwent renovations in 2022 and features 22 parking spaces. Its Mixed-Use zoning allows for diverse retail uses and potential future multifamily development. The property benefits from its proximity to a strong and growing population (17,387 people within a 3-mile radius, with an average household income of $101,414 and a 24.33% growth since 2010). Furthermore, it's strategically located within a rapidly expanding retail corridor, surrounded by major retailers including Agua Caliente Resort Casino, Costco, Sam's Club, Walmart, Home Depot, and numerous fast-food and gas station chains. Built in 1991, this Class B property offers a single-story layout and is conveniently located near the intersection of Ramon Road and Monterey Avenue. The property's size and location make it ideal for a variety of retail businesses seeking high visibility and access to a substantial consumer base. This is a rare opportunity to acquire a well-positioned retail property in a rapidly growing area.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1991
    Construction WOOD
    Total area 3,120 SF
    Lot 0.69 ac (30,056 SF)
    Zoning code R1C
    APN 693-032-006
    UPID US09-3172435
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $755k
    CAP Approach CAP
    $690k
    Comparable Approach Comparable
    $464k
    Blend (final) Blend
    $715k
    Owner & transaction history
    Aragon Medical Transport INC · 4 yrs held
    Aragon Medical Transport INC
    since 2021
    Last sale
    $718,000
    1 recorded transaction
    2021
    $718,000
    Zoning & alternative use
    R1C · Thousand Palms, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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