Refrigerated Cold Storage
For Sale
Contact for pricing
2648 W Ramsey St, Banning, CA 92220
Three-building industrial property with substantial refrigerated capacity, dock-high loading, and an available yard area.
Property Size41,000 SF
Price / SF$120.73
Days on Market49
Property Features for 2648 W Ramsey St
General Information
Standard status
Active
Size
41,000 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Dock-High Doors
10
Power
1,000 amps
Three-Phase Power
Yes
Cold Storage
Yes
Cold Storage Area
18,000 SF
Additional Details
Outdoor Storage
Yes
Building Details
Buildings
3
Listing Agency:
Lee & Associates
(951) 276-3600
Listed By:
Rick Lazar · License #00549349
(951) 316-1298
Source:
Moodyscre
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 8:00PM
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 Lee & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This refrigerated and cold storage facility comprises 3 buildings totaling 41,000 square feet, including approximately 18,000 square feet of cold storage across 2 buildings. The main building includes 6 dock-high doors, while the 8,000-square-foot refrigerated building provides 4 dock-high doors.
Power service includes a 1,000-amp, 3-phase, 4-wire system. An available yard area adds exterior operating space to the property.
Power service includes a 1,000-amp, 3-phase, 4-wire system. An available yard area adds exterior operating space to the property.
Key Highlights
- 3 buildings totaling 41,000 SF
- Approximately 18,000 SF of cold storage in 2 buildings
- 1,000 amps, 3‑phase, 4‑wire system power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$408,832
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,176,640
$8.2M
Cap Rate 7%
$5,840,457
$5.8M
Cap Rate 9%
$4,542,578
$4.5M
Market Conditions
NOI Build-Up for 41,000 SF
Gross rent
$511.7K $12.48/SF
− Vacancy
−$30.7K −$0.75/SF
EGI
$481.0K $11.73/SF
− OpEx
−$72.1K −$1.76/SF
NOI
$408.8K $9.97/SF
Area
Riverside County, CA
Vacancy
6.00%
Lease Rate
$12.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,176,640
Cap Rate 7%
$5,840,457
Cap Rate 9%
$4,542,578
Alternative Uses
Best Use
Warehouse
$5.84M
$5.11M – $6.81M
NOI $408,832 @ 7.0% cap · market cap 8.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.28M
$10.75M – $14.33M
NOI $859,803 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Dock-high doors
Location Intelligence
Trade Area within ½ mile
367
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
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Refrigerated & cold storage - Three-building industrial property with substantial refrigerated capacity, dock-high loading, and an available yard area.
Where is this refrigerated & cold storage located?
The property is located at 2648 W Ramsey St Banning, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 3 buildings totaling 41,000 SF; Approximately 18,000 SF of cold storage in 2 buildings; 1,000 amps, 3‑phase, 4‑wire system power
