72885 Ramon RdThousand Palms, CA 92276
- Retail properties
- 3,120 SF
Property Details for 72885 Ramon Rd
- Year built
- 1991
- Construction
- WOOD
- Lot size
- 0.69 AC
- Property size (Sq ft)
- 3,120 SF
- Zone code
- R1C
- Property type
- Retail properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,260,528
- 6.5%
- $1,163,564
- 7%
- $1,080,453
-
Comparable approach
- Method
- Valuation
- Relative Method
- $1,379,242
- Geo Method
- $2,767,329
-
Alternative Use
- Use
- Valuation
- Residential
- $981,510
- Hospitality
- $899,058
- Educational
- $748,006
- Medical
- $773,731
- Retail
- $1,163,564
Location Insight
- City
- Thousand Palms
- County
- Riverside
- State
- California
- Latitude
- 33.8159
- Longitude
- -116.39
- CBSA code
- 40140
- CBSA name
- RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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