72885 Ramon RdThousand Palms, CA 92276

  • Retail properties
  • 3,120 SF
For Sale
$950,000 View listing

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
72885 Ramon Rd, Thousand Palms, California

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,479
$150,858
$596,149
$747,007
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