Freestanding Retail Building with
947 W Ramsey St Banning, CA 92220
947 W Ramsey St, Banning, CA, 92220
$906,000
For Sale
$906,000
Freestanding retail building with high-visibility Interstate 10 access and 14 on-site parking spaces.
Property Size4,116 SF
Lot Size0.32 Acres
Price / SF$220.12
Days on Market67
Property Features for 947 W Ramsey St
General Information
- Standard status
- Active
- Size
- 4,116 SF
- Lot size
- 0.32 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1950
Listing agency
NAI Capital - Ontario
(909) 762-5489
Listed by
Lidia Talavera · License #CalDRE #01407598
(909) 762-5489
Source
Naiglobal
Added: May 17 Updated: Jul 21 at 2:29AM Checked: Jul 21 at 4:21AM
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 NAI Capital - Ontario
Investment Insights
Based on property information with market context.
Freestanding commercial retail property totaling approximately 4,116 SF on a roughly 13,939 SF site. The building offers high-visibility frontage and has the flexibility to be demised into up to three units, supporting owner-user or multi-tenant configurations.
The property is positioned in Banning with easy access to Interstate 10. It is adjacent to Subway and located near Rite Aid, Western Dental, Jack in the Box, and IHOP, providing a strong concentration of everyday retail and service uses in the surrounding area.
Ample on-site parking includes 14 spaces, accommodating retail, office, or service use operations consistent with the property’s existing setup.
The property is positioned in Banning with easy access to Interstate 10. It is adjacent to Subway and located near Rite Aid, Western Dental, Jack in the Box, and IHOP, providing a strong concentration of everyday retail and service uses in the surrounding area.
Ample on-site parking includes 14 spaces, accommodating retail, office, or service use operations consistent with the property’s existing setup.
Key Highlights
- Freestanding commercial property built in 1950 at 947 W. Ramsey St.
- Approx. 4,116 SF retail building on a 13,939 SF lot with high‑visibility frontage.
- Easy access to Interstate 10, with consistent driving traffic.
Local Financial Insights For Retail
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 | $88.9k | $21.60 |
| − Vacancy | −$4.6k | −$1.12 |
| EGI | $84.3k | $20.48 |
| − OpEx | −$25.3k | −$6.14 |
| NOI | $59.0k | $14.33 |
4,116 SF · lease $21.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$842.8K
$737.5K – $983.3K
NOI $58,998 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.23M
$1.08M – $1.44M
NOI $86,316 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
RB Bazaar
Grocery & Convenience Store
Similar For Sale Nearby
Similar Off Market Nearby
- Polly's Petals Floral Shop — 66 s san gorgonio ave, banning, ca 92220
- Banning Balloons & Blooms — 2024 w ramsey st, banning, ca 92220
FAQs
What type of property is this?
Storefront property - Freestanding retail building with high-visibility Interstate 10 access and 14 on-site parking spaces.
Where is this storefront property located?
The property is located at 947 W Ramsey St Banning, CA.
What is the asking price?
The asking price for this property is $906,000.
What are key features of this property?
This property features: Freestanding commercial property built in 1950 at 947 W. Ramsey St.; Approx. 4,116 SF retail building on a 13,939 SF lot with high‑visibility frontage.; Easy access to Interstate 10, with consistent driving traffic.
