72885 E Ramon Rd Thousand Palms, CA 92276
Property Lookup
Property profile & analytics
72885 E Ramon Rd Thousand Palms, CA 92276
- Retail space
- 3,120 SF
- 0.69 lot acres
Property ID
US09-3172435
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.
Location Intelligence
Current Use by Public Records
- Retail space
Property Details for 72885 E Ramon Rd
- Year built
- 1991
- Construction
- WOOD
- Lot size
- 0.69 lot acres
- Property size
- 3,120 SF
- Zone code
- R1C
- Property type
- Retail space
- APN
- 693-032-006
- APU
- 693032006
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $695,000
- ML approach
- $755,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $745,000
- 6.5%
- $690,000
- 7%
- $640,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $464,000
Market price range: $163k - $753k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,030,000 Current use
- WAREHOUSE, STORAGE
- $920,000 Change: -11% Conversion: Difficult
- MEDICAL BUILDING
- $855,000 Change: -17% Conversion: Difficult
- OFFICE BUILDING
- $850,000 Change: -18% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Thousand Palms
- County
- Riverside
- State
- California
- Longitude
- -116.39
- Latitude
- 33.8159
- 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
2024
$9,479
$150,858
$596,149
$747,007
-
$0.00
$0.00
$0.00
