402 E Ramsey Banning, CA 92220
Upgraded home or business near Banning Downtown Court House.
Property Features for 402 E Ramsey
General Information
- Standard status
- Active
- Size
- 1,505 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing office Sunset Homes realty (951) 634-4833
Listing date Apr 24, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
Key Highlights
- Upgraded home suitable for residential or commercial use (buyer to verify commercial use with the City of Banning).
- Conveniently located in Banning Downtown, close to the Court House.
- Features newer carpet, ceramic tile, and laminated flooring.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.5k | $22.92 |
| − Vacancy | −$3.0k | −$1.97 |
| EGI | $31.5k | $20.95 |
| − OpEx | −$7.9k | −$5.24 |
| NOI | $23.6k | $15.71 |
