72885 Ramon Rd Thousand Palms, CA 92276
- Retail space
- 3,120 SF
- 0.69 lot acres
Current Use by Public Records
- Retail space
Property Details for 72885 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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $695,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $780,000
- 6.5%
- $725,000
- 7%
- $765,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $760,000
- Geo Method
- $860,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $620,000
- Retail
- $665,000
- Mixed-Use
- $585,000
- Hospitality
- $630,000
- Educational
- $765,000
- Residential Income
- $620,000
- Energy
- $575,000
- Income-Based Land
- $680,000
- Food Service
- $655,000
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
