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    635 Units Banning, CA 92220

    For Sale
    $2,499,900

    Fully occupied, 9,000 sq ft retail center, 0.84 acres.

    Property size:
    9,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional retail investment opportunity encompasses a 9,000 square foot shopping center situated on a sizable 0.84-acre lot at 635 Ramsey Street, Unit 4, in Banning, California. The property boasts four units, all currently occupied by long-term tenants, providing immediate and consistent cash flow. Benefiting from a prime location, the center enjoys 250 feet of road frontage on Ramsey Street, along with ample parking both in front and behind the building. The strategic location offers easy access to Interstate 10 via the Hargrove exit, placing it within a thriving commercial corridor. Banning and Beaumont are experiencing rapid growth, particularly among young families, fueled by ongoing development projects. Adding to its appeal, a new courthouse is conveniently located just one block away. Furthermore, the property's proximity to the Cabazon Desert Hills Premium Outlets, a major shopping destination featuring hundreds of brand-name stores, only enhances its investment potential. The building is being sold "as-is," with the buyer responsible for verifying all aspects, including the square footage. This presents a unique chance to acquire a well-positioned, income-generating retail property in a high-growth area.

    Property Features for 635 Units

    General Information

    Property type
    Retail properties
    Square Feet
    9,000 SF
    Lot Size
    36,590 SF

    Building Details

    Year Built
    1989
    Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Banning
    County
    Riverside
    State
    California
    Longitude
    -116.8697
    Latitude
    33.92577

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    FAQs

    What type of property is this?
    Retail property - Fully occupied, 9,000 sq ft retail center, 0.84 acres.
    Where is this retail property located?
    The property is located at 635 Units Banning, CA.
    What is the asking price?
    The asking price for this property is $2,499,900.
    (951) 217-3285
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    635 Units Banning, CA 92220
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    Realmo Value Estimation

    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.

    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.

    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
    635 Units Banning, CA 92220
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