Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Banning's Foothills Title is generated by Realmo AI

    48 Lot Cryer Drive, Banning, CA 92220

    View on Map
    Claim this Listing
    For Sale
    $70,000

    Land/Lot - Banning, CA

    Lot size:
    148,975.20 Acres
    Added:
    Jun 23, 2025
    Days on Market:
    340
    Last Refresh:
    May 28 at 2:06 pm

    Property Features for 48 Lot Cryer Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-A-2 1/2
    Exterior features
    Community Features Included: Rural
    Standard status
    Active
    APN
    545182048
    Lot size
    148,975.20 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lori Robinson
    Lori Robinson

    Listing agent Lori Robinson License #01892606

    Listing office Coldwell Banker Assoc.Brks-CL 31620 Railroad Canyon, Rancho Cucamonga, CA

    Listing date Jun 23, 2025

    MLS# SW25133370 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 3.42‑acre vacant land parcel.
    • Expansive mountain views and open skies.
    • Ideal for building a dream home, ranch, or investment property.
    • Zoned for rural residential use with potential for horses, agriculture, or outdoor recreation.
    • Close proximity to town, shopping, and freeway access.
    • Located in the rapidly developing area of Riverside County.

    Overview

    This 3.42-acre vacant land parcel is located in the foothills of Banning, CA, near rapidly developing areas of Riverside County. The property, identified as APN: 545-182-048, offers expansive mountain views and open skies, presenting a canvas for building a dream home, ranch, or investment property. The land provides ample space for horses, agriculture, or outdoor recreation, appealing to those seeking privacy and space while maintaining convenient access to town, shopping, and freeway. Zoned for rural residential use, the property allows for various possibilities. Buyers should verify all zoning and utility information with the County. The property is located at 48 Lot Cryer Drive, Banning, CA 92220.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Banning
    County
    Riverside
    State
    California
    Longitude
    -116.854
    Latitude
    33.9464

    Nearby Similar for Sale

    • $469,900
      1,505 SF

      Upgraded Home/Business Near Courthouse

      Upgraded 2 bedroom home/business near Banning Courthouse.
      402 E Ramsey, Banning, CA 92220
      View Details
    • $365,000
      1,572 SF

      Commercial Land with I-10 Visibility

      Commercial land with I-10 visibility and great business potential.
      3378 W Ramsey, Banning, CA 92220
      View Details
    • $429,900
      1,252 SF

      Banning Duplex: Investment Opportunity

      Duplex in Banning, CA, ideal for rental income.
      162 N 3rd, Banning, CA 92220
      View Details
    • $488,000
      2,400 SF

      Downtown Banning Commercial Opportunity

      Versatile commercial building in the heart of downtown Banning.
      170 W Ramsey Street, Banning, CA 92220
      View Details
    • $599,000
      1,400 SF

      New Duplex in Banning, CA

      New construction duplex in Banning, CA, built in 2024.
      497 Martin Street, Banning, CA 92220
      View Details
    • $195,000

      Banning Land Opportunity

      Vacant land ideal for development or investment in Banning.
      579 W Livingston, Banning, CA 92220
      View Details
    • $825,000

      Commercial Land in Banning, CA

      1.17 acre commercial land with endless possibilities.
      0 Ramsey, Banning, CA 92220
      View Details
    • $1,495,000
      9,000 SF

      Retail Shopping Center For Sale

      9,000 SF retail shopping center with high traffic.
      635 E Ramsey, Banning, CA 92220
      View Details
    • $469,900
      1,505 SF

      Upgraded Banning Home/Business Opportunity

      Upgraded home or business near Banning Downtown Court House.
      402 E Ramsey, Banning, CA 92220
      View Details
    • $224,900

      R3 Land Approved Project

      R3-zoned parcel approved for a 16-unit multi-family project.
      640 W Nicolet, Banning, CA 92220
      View Details
    • $115,000

      Banning Land Opportunity

      24,846 sq ft lot near 10 Freeway.
      0 E Repplier Rd, Banning, CA 92220
      View Details
    • $149,000

      Land with Mountain Views

      Nearly 30 acres of land with water access.
      13331 Gorgonio View, Banning, CA 92220
      View Details

    FAQs

    What type of property is this?
    Land - 3.42 acres of vacant land with mountain views.
    Where is this land located?
    The property is located at 48 Lot Cryer Drive Banning, CA.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Large 3.42‑acre vacant land parcel.; Expansive mountain views and open skies.; Ideal for building a dream home, ranch, or investment property.
    (951) 639-7777
    We can help!
    Listing Contact
    Lori Robinson
    Lori Robinson
    Real Estate License ID: 01892606
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    48 Lot Cryer Drive, Banning, CA 92220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!