Craftsman Office
For Sale
$349,000
1025 W Ramsey, Banning, CA 92220
Professional office property with a full front porch, rear studio apartment, and detached storage shed.
Property Size1,216 SF
Days on Market48
Property Features for 1025 W Ramsey
General Information
Standard status
Active
Size
1,216 SF
Property subtype
Commercial
Building Details
Building Size
1,216 SF
Year Built
1949
Construction
Craftsman
Listing Agency:
Better Homes & Gardens R.E. Oak Valley
Listed By:
Peter Tripp · License #00877128
(951) 692-0860
Source:
Elliman
Added: Sep 5
Changed: Oct 19
Last Checked: Oct 20 at 10:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Better Homes & Gardens R.E. Oak Valley
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Investment Insights
Based on property information with market context.
This 1949 office building features classic Craftsman architecture and a full-width front porch. The property was previously used for professional office purposes and includes a low-maintenance frontage with desert-style landscaping.
A studio apartment and separate storage shed are positioned at the rear of the property. The address is in Banning, California, with a Walk Score of 47 and a Bike Score of 38.
A studio apartment and separate storage shed are positioned at the rear of the property. The address is in Banning, California, with a Walk Score of 47 and a Bike Score of 38.
Key Highlights
- 1949 construction with classic Craftsman architectural character
- Previously used as professional office space
- Full front porch at the building entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,105
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,100
$382.1K
Cap Rate 7%
$272,929
$272.9K
Cap Rate 9%
$212,278
$212.3K
Market Conditions
NOI Build-Up for 1,216 SF
Gross rent
$27.9K $22.92/SF
− Vacancy
−$2.4K −$1.97/SF
EGI
$25.5K $20.95/SF
− OpEx
−$6.4K −$5.24/SF
NOI
$19.1K $15.71/SF
Area
Riverside County, CA
Vacancy
8.60%
Lease Rate
$22.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,100
Cap Rate 7%
$272,929
Cap Rate 9%
$212,278
Alternative Uses
Best Use
Office B
$272.9K
$238.8K – $318.4K
NOI $19,105 @ 7.0% cap · market cap 5.47%
Second Best
Mixed Use
$160.9K
$140.8K – $187.7K
NOI $11,263 @ 7.0% cap · market cap 3.23%
Theoretical Best
Office A
$364.3K
$318.8K – $425.0K
NOI $25,501 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
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Business Placement
Demographics for 92220, CA
32,947
Population
13,258
Households
2.5
Avg Household Size
43
Median Age
17%
College-Educated
82%
High-School Grad
141.3 sq mi
ZIP Area
233
Density / Sq Mi
$59,116
Median Household Income
$35,428
Median Earnings
$1,499
Median Rent
$324,800
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with a full front porch, rear studio apartment, and detached storage shed.
Where is this office building located?
The property is located at 1025 W Ramsey Banning, CA.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: 1949 construction with classic Craftsman architectural character; Previously used as professional office space; Full front porch at the building entrance
