72885 Ramon RdThousand Palms, CA 92276

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 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.

• 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

FAQs

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