$20,750
●
Land -
Off Market
5915 Adobe Road
29 Palms, CA 92277
Studio
0 Bath
$118
Est. Monthly
About This Property
Commercial lot located at the heart of downtown Twentynine Palms.
Adjoining lot with APN 0623-091-20-0000 is included in the sale
totaling 13,020 sq ft. Seller has another lot for sale on the same
street with APN 0623-102-10-0000. Water and electricity on the
street. Lot is zoned Commercial-General. This zone is intended to
provide areas for a variety of retail, service, commercial, and
professional office businesses, as well as mixed-use and
multi-family residential developments. This town is going through a
downtown revitalization effort thru Project Phoenix. The City of
Twentynine Palms is home to the Joshua Tree National Park
Headquarters and the Marine Corps Air Ground Combat Center, the
world's largest Marine Corps training base. 2 minutes away from
Tortoise Rock Casino. PRICED TO SELL!
Unit Size
-
Days on Market
66 days
Land Size
0.30 acres
Price per sqft
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Property Type
Land
Property Taxes
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HOA Dues
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Year Built
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (CRMLS #HD25182254)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 17, 2025 | Sold | ||
| Sold | |||
| Oct 1, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Relisted | $23,900 | |
| Relisted | |||
| Sep 2, 2025 | In contract | - | |
| In contract | |||
| Aug 12, 2025 | Listed by Coldwell Banker Home Source | $23,900 | |
| Listed by Coldwell Banker Home Source | |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
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ft²
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Asking Price
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Closing Price
Sold On
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HOA + Taxes
About Twentynine Palms
Similar Homes for Sale
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Listed by: Karen Balderrama, Coldwell Banker Home Source
Last Updated: 2 years ago
Data Source: CRMLS, MLS# HD25182254
Last Updated: 2 years ago
Data Source: CRMLS, MLS# HD25182254
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