Commercial Property with Freeway
For Sale
$1,350,000
2772 W Ramsey St, Banning, CA 92220
2,800 SF commercial property on 1.3 acres with I-10 access.
Property Size2,800 SF
Lot Size1.30 Acres
Price / SF$482.14
Days on Market213
Property Features for 2772 W Ramsey St
General Information
Standard status
Active
Size
2,800 SF
Lot size
1.30 Acres
Building Details
Year Built
1945
Listing Agency:
REAL ESTATE SOURCE, INC.
Listed By:
Vanessa Rojas
(916) 307-3444
Source:
Myfabuloushome
Added: Mar 11
Changed: Oct 4
Last Checked: Oct 7 at 1:27PM
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 REAL ESTATE SOURCE, INC.
Investment Insights
Based on property information with market context.
Located at 2772 W Ramsey St in Banning, this commercial property offers 2,800 SF of space on approximately 1.3 acres, which is equivalent to 56,628 SF. The property benefits from freeway visibility from the I-10, making it suitable for a freeway business visibility sign, and provides convenient access to the I-10. The lot features newly poured concrete and a heavy-duty industrial fence in the front. There are three buildings and a storage shed located on the lot. The property is zoned HSC (High-way Servicing Commercial), making it suitable for automotive, retail, office, warehouse, or mixed-use businesses. Buyers are advised to verify permitted uses with the City of Banning.
Key Highlights
- Freeway visibility from I‑10 for business signage.
- Approximately 1.3 acres (56,628 SF) of land.
- HSC (Highway Servicing Commercial) Zoning allows for diverse business uses (automotive, retail, office, warehouse, mixed‑use).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,993
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$879,860
$879.9K
Cap Rate 7%
$628,471
$628.5K
Cap Rate 9%
$488,811
$488.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$64.2K $22.92/SF
− Vacancy
−$5.5K −$1.97/SF
EGI
$58.7K $20.95/SF
− OpEx
−$14.7K −$5.24/SF
NOI
$44.0K $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%
$879,860
Cap Rate 7%
$628,471
Cap Rate 9%
$488,811
Alternative Uses
Best Use
Office B
$628.5K
$549.9K – $733.2K
NOI $43,993 @ 7.0% cap · market cap 3.26%
Second Best
Retail
$573.4K
$501.7K – $668.9K
NOI $40,135 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$838.8K
$734.0K – $978.6K
NOI $58,718 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
359
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Commercial land - 2,800 SF commercial property on 1.3 acres with I-10 access.
Where is this commercial land located?
The property is located at 2772 W Ramsey St Banning, CA.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Freeway visibility from I‑10 **for business signage.**; Approximately 1.3 acres (56,628 SF) of land.; HSC (Highway Servicing Commercial) Zoning allows for diverse business uses (automotive, retail, office, warehouse, mixed‑use).
