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62725 2 Mile Road
About This Property
The generous combined acreage provides room to thoughtfully embrace the landscape and create a property that feels connected to its surroundings. Previous residential concepts were developed for the parcels, 2 approx 3,000-square-foot homes; each with its own pool, cabana, and tennis court providing additional insight into the potential of the land, though those plans have since expired. Water and power are at street. The opportunity now belongs to the next owner to bring a vision of their own to this expansive desert setting. Located in Old Town West, an area known for its creative energy and proximity to Joshua Tree's unique desert lifestyle, this offering provides a rare opportunity to acquire a significant amount of land in a desirable location. Whether you're drawn to Joshua Tree as a place to escape, create, invest, or simply enjoy the beauty and stillness of the desert, these two contiguous parcels offer a remarkable canvas for whatever comes next.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | Listed by Coldwell Banker Roadrunner Realty | $95,000 | |
| Listed by Coldwell Banker Roadrunner Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017